Here are the 3 reasons blockchain will become normal in 2019
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Blockchain and cryptocurrency mania swept financial markets as the price of digital assets soared in 2017 and then crashed in 2018. In 2019, blockchain and related-technologies will become "normal," according to Mike Orcutt in MIT Technology Review. Here are Orcutt's three reasons why:
- Wall Street's big projects enter the fold: Projects including Intercontinental Exchange's Bakkt will launch early this year as well as Fidelity's new crypto brokerage unit Fidelity Digital Assets.
- Smart contracts become valuable for the real world: Recent improvements in smart-contract technology have laid the foundation for real life applications of the technology in 2019. "Chainlink has partnered with a project called OpenLaw, which is developing simple smart-contract-based legal agreements (for example, an agreement between a worker and a company)," Orcutt wrote.
- National cryptos: 15 countries are looking at creating their own cryptocurrencies. Orcutt expects discussions about those currencies to "heat up" in 2019 even if no new state cryptocurrencies are actually created and issued.
AUTHOR
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].
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