FUTURE OF BLOCKCHAIN

DEVELOPMENT
TOP 5 PREDICTIONS FOR 2019!
 Blockchain technology has been benefitting from the rapid and explosive growth
of cryptocurrencies. There has been a dramatic increase in the variety of
cryptocurrencies as the industry continues to grow. Here’s what you need to
know about blockchain technology and how it fits in with your business interests.

5 Blockchain Development Predictions for 2019

There have been some wild and crazy bold predictions regarding blockchain in 2019. We boiled
them down and found the blockchain predictions for this year that are actionable and of interest to
businesses and blockchain developers alike.
1.Cryptocurrency Trading and Blockchain
The first trend to watch is a continued increase in cryptocurrency trading in relation to the
blockchain. In addition to popular and established cryptocurrencies such as Bitcoin, Monero,
Litecoin, NEo, Cardono, Dogecoin, Ripple, Ethereum, EOS, Stellar Lumens, and IOTA have been
thrown into the mix.
2. Banks and the Finance Industry Are
Taking the Lead on Blockchain Use
The driving force behind a lot of blockchain development will be the finance industry and
banks in particular. Banks stand to yield some enormous benefits from blockchain
technology.

Blockchain development allows banks and other financial institutions to execute faster
transactions at lower costs.

On top of this, one of the savviest benefits of this is the added level of discretion that this
technology and cryptocurrency in general enables. This will be especially important in
international banking transactions.
3. Government Use of Blockchain Expected
to Continue to Increase
One of the most significant users of blockchain technology and development aside from the
finance industry are national governments.

Estonia, for instance, has implemented blockchain to store massive troves of credential
information on their citizens.

This trend is expected to continue to grow as more governments outsource programming and
storage to blockchain developers.
4. Decentralized Platforms and New Business
Models Based on Cooperative Competition
This is perhaps one of the most exciting predictions to watch in 2019 as events unfold. There have
been predictions of decentralized eco-system platforms and new business models arising from the
use of blockchain.

The most profound potential change in business eco-systems that could result from blockchain
development is the realization of sophisticated B2B2C sales. Experiments with shared APIs indicate
strong potential from decentralized ecosystems.
This potential includes the possibility of advance P2P ecosystems. These P2P ecosystems, in
turn, will serve to encourage more cooperative competition leading to entirely new business
models.

2019 promises to offer exciting times for Hyperledger developers as well. Hyperledger
developers will benefit from joining forces with cryptocurrency giant Ethereum in 2018.

This will have ripple effects for a long time to come, both for Hyperledger developers and
consumers alike.
5. The Introduction of Security Tokens
While utility tokens were not enough to attract institutional investors accustomed to buying
stakes in companies, the possible introduction of security tokens could turn that around.

Crypto exchanges are making headway in navigating through regulatory red tape, clearing the
way for security tokens to be introduced. However, support from the traditional market
infrastructure like Nasdaq, the Swiss Stock Exchange, and the London Stock Exchange, in
particular, will be needed to fully implement security tokens.

If it all comes together, this could result in massive allotments of investments and keep
blockchain, and cryptocurrency booming. The growth would be explosive, making this an
important prediction to keep your eye on.
Is It Time to Have a Blockchain-Ready
Business?
Whatever 2019 brings in terms of the blockchain, industries are experiencing
changes as the use and development of this concept continue to unfold. Make sure
your business is on the right side of things and keep an eye on these blockchain
predictions and the changes to come.