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Blockchain Technology: What’s Ahead for New Year 2019

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When you’re dealing with new emerging technologies, it is challenging to predict where it will be in 12 months, let alone a few years.

However, the near future promises to be exciting times for blockchain technology. Furthermore, new trends are emerging for blockchain technology that could affect many industries in 2019.

Optimization of businesses by new technologies

Adoption levels of blockchain technology in businesses will continue to grow rapidly in 2019. Previously, it remained more of a concept and only a few businesses embraced this  new technology. However, the development of new blockchain solutions for specific problems are attracting more and more attention.

Therefore, businesses and developers assess what scenarios will be best for the adoption of the blockchain technology. However, other types of new technologies will better solve certain issues in areas like artificial intelligence and robotics.

Blockchain technology’s image is improving

Blockchain technology most commonly relates to cryptocurrencies. Therefore, with a lot of people skeptical about the longevity of these digital currencies, it often paints blockchain technology in the same light.

However, the current realization that the new blockchain technology involves more than just supporting cryprocurrencies, adds to its popularity. Furthermore, the potential for a staggering array of other applications becomes evident. As businesses and governments gain awareness of the true purpose of blockchain technology and what it offers, its reputation will skyrocket.

More widespread testing is necessary

As the blockchain technology enters more business spaces, time to adapt to this technology will be necessary. Errors and optimization issues will decrease over time. Early adopters can identify what areas need improvement. Furthermore, it is necessary for users to become more familiar with the operation of this new technology. They must how to best use the new blockchain systems and this process takes time.

The platforms behind these projects are constantly changing and developing. Therefore, constant education is vital.

Performance enhancements and advances in research are continually improving. Many experts believe it will be another two to three years before the performance and scalability of  the blockchain technology will really start to flourish.

 

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