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

Changelly,Exchange Platforms,Listings,Trading

NEBL Latest Coin To Join Changelly

A new partnership between Changelly and the Nebilo blockchain has meant that the latter’s native token will be made available on Changelly and used for instant swaps. This will be the latest crypto assets to join the list of 150 assets already available on Changelly. However, they will be the first instant exchange service to […]

20 November, 2019

Binance Now Supports Turkish Lira

Binance has launched a new Turkish Lira (TRY) fiat gateway and development plans that will open up further trading possibilities in Turkey. The news came via a speech from the Binance CEO, CZ Zhao, via a keynote speech at the Turkish Capital Markets Summit. This will mean that would-be traders out there who hold Turkish […]

20 November, 2019
Europe,Exchange Platforms,Exmo,Partnership

EXMO and RACIB Discuss “Strategic Partnership”

It was revealed yesterday that cryptocurrency exchange platform EXMO and RACIB, an association focused on developers and users of blockchain and the interests of a digital economy, have undergone talks to build a new partnership together. While the talks began last week, 12th November, the news dropped just yesterday – which bodes well for the […]

19 November, 2019

DeversiFi are Searching for Owners of Phantom Wallets

DeversiFi have looked to their community to help find the owners of a selection of wallets that currently own DAI which may be affected as the coin prepares for an upgrade. As we have previously reported, exchange platforms are gearing up for a significant changes to MakerDAO’s stablecoin, DAI. This change will see that DAI […]

19 November, 2019

LSK To Be Listed on Kraken Tomorrow

The token of Lisk (LSK) will go live on Kraken tomorrow afternoon, 19th November, after a news post today confirmed the listing of the DPoS token This is the second token in as many weeks to be listed on Kraken after a flurry of new additions to their trading options over the last couple of months, […]

18 November, 2019

eToro’s Research Tab Helps Make “Better Trading Decisions”

CFD trading platform, eToro has stated that the research tab they offer “will help you make better trading decisions”. The exclusive option on the platform is powered by TipRanks and promises to help users attain a further level of knowledge which can help you make improved and more informed decisions about your investment choices. The […]

18 November, 2019
localbitcoins,Money Laundering,Regulation

LocalBitcoins Receives Important Accreditation

In its latest step as a company, the peer-to-peer cryptocurrency exchange, LocalBitcoins has been recognised by an important financial body in Finland to be an Official Virtual Currency Provider. This is an important event for the platform as due to recently changed legalisation in Finland, it only companies registered as such that are allowed to […]

17 November, 2019
Binance,Exchange Platforms,Mobile

A Limited-Edition HTC Exodus 1 With Binance Support Released

In a new partnership between two powerhouses in their respected fields, HTC and Binance, a new phone has been released with the benefits of both firms installed. The new device will be known as the Exodus 1: Binance Edition, due to the fact it will come with Binance-Chain support and so you can benefit from […]

16 November, 2019