The Currency Analytics

Which Sectors will Lead the Pack in Mainstreaming Blockchain in 2019?

By David Drake

For the past two years, blockchain has experienced ups and downs and has not lived up to the expectations of some, especially in the value of cryptocurrencies.

In its review, the institute argues this will happen because some of blockchain projects being developed are close to being operational.

One of the reasons why MIT says blockchain will be normalized in 2019 is the fact that more companies are getting into and investing in the crypto business.

The use of smart contracts to automatically execute legal tasks based arrangements made  by two entities is likely to enhance blockchain application in the legal sector.

One area where smart contracts are being applied in law, and where Chainlink has combined efforts with Openlaw project, is creation of legitimate agreements that are…

The aim is to enable users to identify their legal rights and expectations using smart contracts, and once satisfied, payments are to be made automatically using cryptocurrencies.

Government-owned agencies and banks are beginning to consider developing state virtual currencies.

The International Monetary Fund (IMF), in its support to government-based cryptocurrencies, has determined that government-owned digital currencies would be used by more people…

According to William Davis, Managing Director at LDJ Capital, focusing on data collection, rather than technology, will help identify customer preferences and areas of…

He says, “Perhaps more important than the technology is the culture of transparency, immutability and personal data ownership which will create opportunities for option retail…

Disclaimer: David Drake is on the advisory board for most of the firms mentioned or quoted in this article.

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