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Author Topic: Blockchain Will Become Normalized in 2019  (Read 163 times)

Joankii

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Blockchain Will Become Normalized in 2019
« on: January 02, 2019, 04:43:49 PM »
MIT Technology Review has published an article today, Jan. 2, arguing that 2019 is the year in which blockchain will become mundane. The Review is a magazine that is independent but wholly-owned by the United States Massachusetts Institute of Technology (MIT).

The article gives a laconic overview of its take on the recent history of blockchain, claiming that the technology was “a revolution that was supposed to disrupt the global financial system” in 2017, but that it was a disappointment in 2018 — in light of the significant decline in the valuations of virtually all blockchain-based crypto assets and currencies.

Nonetheless, the Review argues, on the cusp of the new year, many “innovative-sounding projects are still alive and even close to bearing fruit.” Together with several large corporations’ plans to launch major blockchain-based projects this year, 2019 is thus reportedly set to be “the year that blockchain technology finally becomes normal.”

As an example of the impending transformation of the sector, the Review cites the forthcoming entries of stalwart Wall Street players such as New York Stock Exchange (NYSE) owner Intercontinental Exchange (ICE) and investment giant Fidelity into the cryptocurrency business.

Even as the hype surrounding blockchain reportedly subsides, it argues that their offerings of regulator-approved infrastructure for crypto are a major watershed in the sector becoming mainstream.

A further example, the Review continues, is the improvement in smart contract technology that will enable its use in multiple legal contexts — making the crypto adage “code is law” one step closer to becoming an accepted reality.

The article’s final argument is that this normalization of the technology and the sector will entail a significant reshaping of the ideology that gave cryptocurrencies and blockchain their first impetus. Crypto’s roots as an anti-government movement is being upended, the article claims, by the advent of national cryptocurrencies — whether they be Venezuela’s already-launched controversial oil-backed cryptocurrency the Petro, or other states’ plans for their own state-backed coins.

A further example given is the endorsement of exploring the case for central bank-backed cryptocurrencies (CBDCs) by International Monetary Fund (IMF) head Christine Lagarde this fall.

Almost one year ago, in mid-January 2018, Cointelegraph published an analysis of the heat surrounding the blockchain revolution — encapsulated by the lucrative possibilities of businesses using the tech as a buzzword in their name to cash in on the over-hyped market.

source: https://cointelegraph.com/news/mit-technology-review-blockchain-will-become-normalized-in-2019

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Delgboke

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Re: Blockchain Will Become Normalized in 2019
« Reply #1 on: January 02, 2019, 05:22:13 PM »
If blockchain become normalized it will be a welcome addition or added advantage to the world of crypto and it will help to bring more hype in cryptocurrency market, I think this is a good idea in the blockchain industry.
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Re: Blockchain Will Become Normalized in 2019
« Reply #2 on: January 03, 2019, 03:50:12 AM »
If blockchain become normalized it will be a welcome addition or added advantage to the world of crypto and it will help to bring more hype in cryptocurrency market, I think this is a good idea in the blockchain industry.
Blockchain is very helpful in every ways and no doubt that blockchain industry will grow as time passes. I hope that bitcoin will continue the flow as blockchain was.

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rituvohra01

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Re: Blockchain Will Become Normalized in 2019
« Reply #3 on: January 06, 2019, 02:55:21 PM »
Due to the decentralized platform Blockchain is helpful in every way. Blockchain will Normalized in 2019 if it happens. Then it is beneficial for the crypto world.

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Re: Blockchain Will Become Normalized in 2019
« Reply #4 on: January 06, 2019, 07:23:20 PM »
Due to the decentralized platform Blockchain is helpful in every way. Blockchain will Normalized in 2019 if it happens. Then it is beneficial for the crypto world.

But that is not certain to happen even if it happens when it will. may need long consideration

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