Bitcoin was the only popular
cryptocurrency back in 2006 however now there are more than 40 cryptocurrencies
with new ones emerging every day. Blockchain technology is the basis of
cryptocurrencies and actually came into existence with Bitcoin but that is not
its only application. There are also more use cases coming to fruition and
blockchain media coverage is through the roof. Blockchain technology has taken
years to reach the point of hype where it is at the moment and is still evolving.
By the end of 2018, we will likely have a far better idea of how the technology
will fit into our society. Although a lot more applications other than Bitcoin
have been developed by blockchain
software development company there is much more that will continue to
change.
Here are a few blockchain
predictions to look out for in 2018.
1. It Will Continue
to be Understood
The technology is moving further
into the mainstream world with awareness groups emerging everywhere from
colleges to offices and cities. Blockchain technology is started to being
understood by everyone interested in technology. The conversations aren’t
fruitless and are leading to action with more developers and potential
applications coming forth interested in making a difference in this technology.
In 2018, blockchain will continue to move into the mainstream, and people will
further need to understand what is happening.
2. We Shall
See Many More Applications
As mentioned earlier, blockchain
technology has a lot more applications other than Bitcoin and a wide range of
companies is entering this space due to all of those different functions that
can be served on the blockchain. Unique ICOs such as Puregold that uses tokens
supported by gold are entering the field. Though gold has been around for ages it
was just a matter of time before it entered the blockchain technology. In 2018,
more such unique companies and blockchain applications will emerge and become an
integrated part of the global economy.
3. The World
of Development Will Change
Technology is shaped and adapted to
deal with global issues so is expected of blockchain technology. It’s only a
matter of time before we see it making waves, tackling with global issues and
opening up access where previously unavailable. This can be done by introducing
new technology to the existing market and helping it evolve.
