Blockchain and Crypto Evangelisation is Here to Stay – MIT

Blockchain and Crypto Evangelisation is Here to Stay – MIT

“In 2019, Blockchains will start to become boring,” Mike Orcutt says in an MIT Technology Review article that proclaims that Blockchain will be mundane in the new year. “But it will become more used.”

Associate editor at MIT Technology Review Mike Orcutt wrote an article on January second saying that Blockchain will be boring with the new year, but not due to its irrelevance, but for becoming the standard and more popular technology in most of new projects for different industries.

“After the Great Crypto Bull Run of 2017 and the monumental crash of 2018, Blockchain technology will not make as much noise in 2019. However, it will become more useful,” Orcutt wrote.

The author says that the technology which was supposed to change the world in 2017, but disappointed experts in 2018 will be more mundane in the new year. However, the uses will be crucial.

“Many of the developers who flooded into the space in 2017 are still working in it; innovative-sounding projects are still alive and even close to bearing fruit. And several big corporations plan to launch major Blockchain-based projects in 2019.”

In this framework, Cryptimi recently published an article highlighting “The Cycle of Progress,” a study by Tata Communications about digital transformation that revealed corporate Blockchain adoption rose 44% in 2018.

The study suggests that “some technologies are fast becoming ubiquitous in large and small organisations alike. IoT (53%), predictive analytics (51%), AI (46%) and Blockchain (44%) are the most widely adopted in the respondents’ organisations.”

Orcutt agrees with that, Blockchain is here to stay. He does believe “2019 will be the year that Blockchain technology finally becomes normal.”

Blockchain and Crypto projects are all over there

Walmart and Wall Street companies – among others – have big plans with Blockchain. Many organisations and non-profit ventures are working on new ideas including free primary access to healthcare, crime fight and political transparency and food quality are samples of that.

Besides that, Orcutt mentioned Wall Street plans that include new crypto assets. “Intercontinental Exchange (ICE), the owner of the New York Stock Exchange and one of the most influential players on Wall Street, plans to launch its own digital asset exchange in early 2019.”

Smart contracts and government-backed digital currencies are now on the agendas of officials and in the mind of users.

Following IMF’s Christine Lagarde calls for Cryptocurrencies normalisation back in November and European Union states signing pro-Blockchain joint declarations, “at least 15 countries’ central banks are taking a serious look at launching national digital currencies.”

The initial idea of Blockchain and the motto for Cryptocurrencies was always the free, independent and decentralised character of the new technology, but now governments and big corporations are also taking their odds on the market.

So, Blockchain technologies and Cryptocurrencies are here to stay according to of what experts and authors are thinking. Maybe it will not be in the same way pioneers thought or dreamed, but as Orcutt wrote, “But revolutions do not always unfold the way the revolutionaries had in mind.”


Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News


For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019

Another 2nd Anniversary Promo Announced at KuCoin, KuMEX FOMO

KuCoin is celebrating their 2nd anniversary and to celebrate they have detailed several new promotions, but it seems they aren’t over yet, with one more outlined for KuMEX FOMO. Earlier this week, we detailed 5 different promotions that will take place over the next 2 weeks, but now there is more which you can get […]

14 September, 2019
Coinbase,Coinbase PRo,Dash,Listings

Dash Set For Monday Coinbase Pro Listing

One of the most popular trading options in the crypto world, Dash, will go live for trading on Coinbase Pro from Monday, 16th September. While official trading will begin the following day at 9 am (PST) on Tuesday, 17th September, users will be able to begin depositing Dash to their Coinbase Pro accounts up to twelve hours […]

14 September, 2019
Exchange Platforms,Kraken,Listings,Tokens

ICX Now Available On Kraken

Kraken has unveiled the latest asset available for trading on their platform, ICX. The San Francisco-based outfit commenced trading for this new token, which was created by the South Korean blockchain project, ICON, yesterday, 12/09/2019.  However, ICON itself is no newbie to industry and in fact, is one of the oldest and largest blockchain ins […]

13 September, 2019
Binance USA,Launch,Updates,USA

Binance USA Opens Its Doors Next Week

The much-anticipated US trader targeted platform from Binance, Binance USA, will begin opening its door to traders from next week. The news has come at the perfect time for US traders who had previously been going about their day to day trading activity on the generic international Binance platform. This is because after Binance updated […]

12 September, 2019
Closure,Exchange Platforms,Updates

Ethfinex Reveal Further Details on Closure

Last month, Ethinex revealed that they would be shutting up shop in their existing format and rebranding as DeversiFi. While the transition period is on-going, they have detailed some important information about the final closure of their existing operational format. The first point of note in regards to this is the fact that a date […]

11 September, 2019
Exchange Platforms,Giveaway,KuCoin,Promotion

KuCoin Offer 2nd Anniversary Promotions Worth $450,000 to Users

KuCoin are about to celebrate their second anniversary and they want to thanks users with a flurry of new promotions offered on a number of crypto assets over the next two weeks. These new promotions cover a wide range of different trading options, eligibility requests and time limits. With this in mind, they should be enticing to a wide number […]

10 September, 2019
CEO,Exchange Platforms,localbitcoins

LocalBitcoins Name New CEO

Peer-to-peer trading platform, LocalBitcoins has had a shake around in boardroom, with Sebastian Sonntag being named as the new CEO. He will be taking over the reins from Nikolaus Kangas, who is the brother of Jeremias Kangas who founded the exchange platform back in 2012, after being “convinced of Bitcoin’s importance in a global economy”. […]

9 September, 2019