Blockchain technology and cryptocurrency concepts took the world by storm supposedly in 2017 as investors used apparently $6.2 billion in countless crypto startup ventures. Another development was Bitcoin booming and resulting in other types of coins coming to the forefront. Then, suddenly this market crashed; however, Blockchain didn’t crash with this new phenomenon on the move. Instead, this dip in cryptocurrency rather forced the world of Blockchain to go through a period of real-time innovation coupled with the development of products.
Blockchain as a major phenomenon
Currently, Blockchain has emerged to be a major phenomenon with a host of new possibilities where industries like finance, energy, and artificial intelligence are exploring their opportunities to leverage Blockchain technology. With the speed of advancements peaking, businesses will apparently get access to the Blockchain applications that are increasingly becoming powerful.
Bull Run in the US economy to end
According to Wesley Weber, crypto interest will rise and the Bull Run in the US economy will come to an end. Blockchain will attract investors who are always looking out for the next big development. This is the time when the cryptocurrency will surface as the interesting alternatives as these crypto coins are capable of value retention even at the face of a probable economic downturn. As the other types of currencies will fail, people will eventually turn towards blockchain for safeguarding their valued savings and will aspire to move their finances across borders.
Virtual currency in booming gaming industry
Further, Wesley Weber Blockchain expert observes that the gaming industry will come up as a big use case. Over the years, the gaming industry was comfortable with non-standard digital currencies and to them; Blockchain represents a natural evolution for an existing concept. The gaming world will eventually rule the show in the adoption of Blockchain. It’s assumed that the multiplayer games with payment structures including game assets might as well take advantage of Blockchain technology. In fact, the gaming industry is already into the Blockchain technology and is making full use of the same.
As per the observation of Wesley Weber blockchain guru, the new manifestations of Blockchain power will increase confidence in unpredictable markets, where one can connect to every type of tradeable asset.
Cryptocurrencies are originally the stable coins that have parallel value with that of real assets such as the $. This is why Wesley Weber blockchain expert opines that governments have more to deal with stable coins rather than any other types of crypto assets.
Wesley Weber further predicted that a number of institutions will adopt Cryptocurrencies to solve their industry-specific problems. Time is near when people will be using these currencies for buying common services and solutions as well.
Considering the expert predictions and upcoming future trends, it can be stated that the blockchain space is growing at a fast pace and is sure to make things incredibly easier for the people in the near future.
In fact, the Blockchain technology is so diverse and relevant that there’s no stopping it. On the whole, Blockchain deserves better technologies and improvements are beginning to show. It further attempts to explore the current inefficiencies of the system. Additionally, this is intended to boost the performance of the technology.