Blockchain and cryptocurrency mania swept financial markets as the price of digital assets soared in 2017 and then crashed in 2018. In 2019, blockchain and related-technologies will become “normal,” according to Mike Orcutt in MIT Technology Review. Here are Orcutt’s three reasons why:
- Wall Street’s big projects enter the fold: Projects including Intercontinental Exchange’s Bakkt will launch early this year as well as Fidelity’s new crypto brokerage unit Fidelity Digital Assets.
- Smart contracts become valuable for the real world: Recent improvements in smart-contract technology have laid the foundation for real life applications of the technology in 2019. “Chainlink has partnered with a project called OpenLaw, which is developing simple smart-contract-based legal agreements (for example, an agreement between a worker and a company),” Orcutt wrote.
- National cryptos: 15 countries are looking at creating their own cryptocurrencies. Orcutt expects discussions about those currencies to “heat up” in 2019 even if no new state cryptocurrencies are actually created and issued.
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Here are the 3 reasons blockchain will become normal in 2019 written by Frank Chaparro @ https://www.theblockcrypto.com/tiny/here-are-the-3-reasons-blockchain-will-become-normal-in-2019/ January 2, 2019 Frank Chaparro