Blockchain and Crypto Evangelisation is Here to Stay – MIT

Blockchain and Crypto Evangelisation is Here to Stay – MIT

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

“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

Latest Guides

Latest News


Changelly Helps Users Discover Where They Can Store Polkadot (DOT) Tokens

The Changelly blog has written an article helping their users determine the best places for them to store their DOT tokens. Changelly, the online cryptocurrency exchange, has created a new blog post to help users figure out where the best place to store their Polkadot (DOT) tokens. Polkadot (DOT) was created  by one of Ethereum’s […]

19 October, 2020

BitPanda Announced the Launch of Their Own Cryptocurrency Index

BitPanda, the online cryptocurrency exchange, is launching what they call the first “real” cryptocurrency index. BitPanda, the large online cryptocurrency exchange platform, is launching what they say is the first “real” crypto index, which will be available on the BitPanda platform. BitPanda’s cryptocurrency index is very easy for its users to use and is completely […]

19 October, 2020

Binance Announced Two New Launchpad Project Partnerships This Week

Binance, the largest online cryptocurrency trading platform, is adding two new projects to the Binance Launchpad for user funding. Binance, the world’s biggest cryptocurrency exchange, is launching their first joint token offering from Binance Launchpad and Binance Launchpool, and is also releasing an additional Launchpool token. In their weekly report, Binance highlights other key factors […]

19 October, 2020

Publicly Traded Companies Now Own $6.7 Billion Worth of Bitcoin

Some of the largest companies in the world are now starting to buy and hold Bitcoin, with over $6.7 billion in total Bitcoin owned amongst publicly traded companies. Companies such as MicroStrategy and Square have been in the news lately for their large acquisitions of Bitcoin ranging from 50 to 100’s of millions of dollars […]

19 October, 2020

Kraken Announces Integration of Filecoin (FIL) Trading on Their Exchange

Kraken, one of the largest online cryptocurrency exchanges, is launching trading for Filecoin starting on October 15th. Kraken, the online cryptocurrency exchange, has announced their latest exchange addition with the ability for their users to start trading Filecoin (FIL) starting on October 15th. This is a mainnet listing, not a recent addition, meaning that trading […]

19 October, 2020

What is the Intrinsic Value Of Bitcoin? Kraken Intelligence Explores

Kraken Intelligence, the research arm of the Kraken cryptocurrency exchange, tries to identify the intrinsic value of Bitcoin. Many people question what the intrinsic value of Bitcoin is, and Kraken Intelligence, the intelligence wing of the Kraken crypto exchange, works on answering this question. Although it is hard to precisely define the entire intrinsic value […]

19 October, 2020

Binance Partners With Alpha Finance Lab to Give Away $3,000 in ALPHA

Binance, the largest online cryptocurrency exchange platform, has partnered with ALPHA to giveaway $3,000 of their native token via lottery numbers. Binance, the worlds largest online cryptocurrency exchange, has partnered with Alpha Finance Labs to give away $3,000 worth of ALPHA during their token sale taking place on Binance Launchpad.  All you have to do […]

19 October, 2020

CoinMarketCap Launches CoinMarketCap Earn Campaign With Terra Money

CoinMarketCap, the largest online cryptocurrency market capitalization aggregator, is partnering with Terra Money to give away some of their native tokens through an earn campaign. CoinMarketCap, the world’s largest crypto market cap aggregator, is launching their latest earn campaign with Terra Money in order to give tokens to users who learn about the platform. Users […]

9 October, 2020