In 2017, the blockchain technology was revolutionary, about to destroy the global financial system. 2018 was a year of frustration. In 2019, cryptocurrencies and blockchain will become an ordinary financial instrument and technology.
This opinion is shared by researchers from the MIT Technology Review, working under the auspices of the Massachusetts Institute of Technology.
Analysts from the most prestigious university in the world believe that there are three main reasons for universal adoption of the blockchain and digital assets.
Blockchain for giants from Walmart to Wall Street
Walmart has been testing the blockchain for many years to manage the logistics of an enterprise, and practical results will appear closer to September 2019.
Meanwhile, the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, plans to launch the Bakkt digital asset exchange in January-February 2019. Fidelity Investments recently created a company Fidelity Digital Assets for the storage of cryptocurrency of large investors.
Smart contracts will come to real life
The use of smart contracts in law, labor and business law will provide technological innovations from the chain linklink.
Promising is the creation of labor agreements on the basis of the blockchain with remote workers. As the task is completed, the employee automatically receives payment by a cryptocurrency.
National digital currencies with state support
Despite the negative example of Petro from Venezuela, introduced by a totalitarian state, at least 15 countries are seriously engaged in exploring the possibility of launching national digital currencies (CBDC).
The head of the International Monetary Fund, Christine Lagarde, believes that the CBDC will increase the security of financial systems and attract billions of people deprived of this opportunity in underdeveloped countries to the financial sector.
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