Future of Blockchain Technology

blockchainexpert.uk
 INTRODUCTION
The year 2008 became witness to the birth of most advanced technological innovation- the
Cryptocurrency-Bitcoin. The invention took the world by storm, raising many eyebrows of the tech
enthusiasts. Soon, every industry started exploring the tremendous possibilities of cryptocurrencies and
blockchain technology.

In 2017, the price of Bitcoin rose to $20,000, becoming the buzzword of the town. ICO funding thus
surpassed the traditional form of funding in many industry platforms. No matter what the industry was,
ICO promulgated the choice of many executives.

Today apart from cryptocurrencies, the underlying technology- the blockchain is getting implemented for
many industry functions. The blockchain characteristics such as decentralization, immutability,
transparency, speedy transactions make it widely advocating for applications such as
1. Document Verification
2. Supply chain and Logistics Management
3. Defense and Securities
4. Banking
5. Health
6. Automobiles
and much more. As days pass by, the tech brains are into digging more and more possibilities of
blockchain technology. Therefore, one can ascertain that the future of blockchain technology is to
prosper and multiply more.

In this blog is laying few of the blockchain possibilities or in other words say, what can be the future of
blockchain technology.
1. Government Cryptocurrency
It is assimilated that by 2030, every public organization is to create their own cryptocurrencies. The
peer-to-peer payment network with no central authority is attracting many government organizations
these days. Earlier, the lack of central authority feared many government officials in adopting the
concept, however today, the scenario has changed. Today we can ascertain that the future government
currencies are to be inevitably the crypto.
The perspective change is on account of the strong properties of the crypto coins such as reduced
settlement times, increased traceability, real asset backing and much more. Also, the crypto
characteristic to artificially manipulate the price, makes it advocating for the public sector.
Cutting edge blockchain innovation is expected to settle numerous present impediments, for
example, adaptability, security controls, toolset development, and interoperability. Price stable tokens
will become increasingly dependable as a method for trade and as a store of significant worth.
 Interesting, right?
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