2018 Blockchain Predictions: Good Year for Blockchain and Cryptocurrency
2017 was an amazing year for cryptocurrencies. Bitcoin’s value exploded from $1.000 to more than $15.300, which is something fabulous. But, the year is over and experts are starting to make predictions for the next year, 2018.
What will the New Year bring for cryptocurrencies and blockchain?
The first thing that experts predict is that blockchain solutions will continue to come into production. The second thing is that cryptocurrencies will continue to grow, which will not be a huge surprise.
Another good thing that should be taken under consideration is that companies will focus more on changing their business model and will start working with cryptocurrencies. And last but not least, people will recognize that local blockchain ecosystems are a success factor.
Why so many positive predictions about cryptocurrencies?
As blockchain continues to change market structures, it isn’t a surprise that companies will focus on changing business models. This means that companies will have to learn more about broader platforms and decide what type of business they want to focus on.
Here, we are talking about all kind of businesses, not just a particular type. For example, Skycell has started to use blockchain on pharmaceutical supply chain to embrace payments and insurance. Moreover, TEND already takes under consideration the possibility of creating a Sharing Economy 2.0 for high-value assets.
Another good thing that people will see next year is trade finance that will go live on blockchain in 2018.
This means that larger banks will offer lower costs, transparency, and real-time processing for cryptocurrencies. Moreover, the cryptocurrency growth will continue to be fueled by traditional asset management approaches, including crypto hedge funds and bitcoin futures.