Top 3 Blockchain Trends to Impact Businesses in 2019

Top 3 Blockchain Trends to Impact Businesses in 2019

March 13, 2019

The world’s leading research and advisory firm Gartner reveals that more than 30% of the global customer base will be comprised of products that use blockchain technology as an operational technology so as to carry out all commercial operations.

Gaming, art, automotive,tourism, renewable energy, agrifood, logistics & transport, and others are some of the industries already using blockchain in their daily activities. Many European countries such as Italy, for example, explore the tech in order to optimise their business industry.   

Let’s see some of the new distributed ledger technology (DLT) trends one should use in his or her business this year.   

Top 3 Trends in Distributed Ledger   

1. Asset’s Tokenization   

The idea of tokenizing high-value assets namely; exotic automobiles, art, real-estate etc. is very fascinating and can be a bit obscure to tech startups. Consequently, this will appear as a significant trend in the future.   

2. Progress in Innovation   

With this innovative technology, speed and acceleration must be considered before proceeding with the business. Take an example of Fidelity in financial technology (fintech), Walmart in the food supply chain sector, Ford in the automotive industry and many other companies, that started to use the technology a long time ago.   

As far as innovation is concerned, Devery (a platform that enable suppliers and clients to prove the authenticity of their goods and services online before acquisition, basically eliminating the need for ‘trust’ in e-commerce) will play a big role in assisting the commercial enterprises by lifting trustworthy, unique and confirmable identifiers for products and services kept on the distributed ledger.   

3. Blockchain-as-a-Service (BAAS) 

Today, BAAS is one of the hot subjects and will soon become a thought-provoking trend. Amazon web services lately joined BAAS providers such as Microsoft, Oracle, HP, and IBM. Blockchain-as-a-service enables all organizations to test blockchain tech with any risk of setting it up in-house plus the capital costs.

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