The future of Blockchain

The use of Blockchain is increasingly robust in the financial and telecommunications industry. Its main attribute is a common social demand that we cannot stop analyzing: transparency. A technology that invites us to think about the future.

During the last couple of years, various media and publications ( including this blog ) have reported the growing progress that Blockchain development company has had within the Internet. As well as the various applications where this logic current could be widely applied. But it is not possible to talk about this technology without asking an established question within the medium: What now?

The current panorama

One of the main applications of Blockchain , and for which it has received the greatest focus in recent years, is undoubtedly Bitcoin, or cryptocurrency in general (Cryptocurrency). Which has allowed small and large economies to host a decentralized model and apply it in different areas of society. In which the maximum, or greatest goal for the user, is the final search for transparency.

This is how some of the main references of the model have been companies dedicated to the area of finance. Even so, it is also possible to know some cases within the area of health and even video games. The latter being an area where the cryptocurrency business has managed to change the paradigm in terms of work practices and models .

Hey, what about bitcoin?

Somewhere on this timeline — before Blockchain, after blockchain-; the currency, as we know it today, lost much of its initial popularity in finance. This is where Blockchain came to fill gaps with promises of clear business practices. We speak specifically of transparency. This is why market leaders, such as IDC , have calculated that by the year 2022, the investments made on this model could be around $ 11.7 billion dollars . Yes, billions.

It’s real, and it’s here

Maybe we don’t see it, maybe we don’t know, but it is possible that during the last week you have made use of Blockchain without realizing it. The places -virtual- where it is established in real life are several. Those that have had the greatest relevance are:

In the financial services sector, the Blockchain development application has managed to be adopted within the authorized risk assessment. As well as the guided management of commercial portfolios. Read: asset management.

A field that seemed so alien, such as theft and identity theft , has managed to be widely stopped. We owe our thanks to the biometric controls and the on-chain encryption application that Blockchain offers.

In health it is possible to see, every day, cases of total integration of medical records for their patients.

In marketing, the application of this is a fact. Companies like IBM have implemented their own BaaS (Blockchain as a service) usage model. As well as other large companies such as Walmart; that has implemented tracking of the production and distribution of its food

Baby blockchain

Within the summaries of the year 2019, it was possible to know the most critical view of senior finance executives in the web area.

just as Blockchain can incorporate new methods and even currents of thought within the web area; it is still unknown and uncertain, although no less exciting. Not knowing the possible evolution of the system itself; states that those doubts that are had about it, can become possible fields of growth and understanding of it.

So what’s next?

According to reports made in Forbes magazine , time is the primary factor to understand and meet the expectations raised by Blockchain development company. As well as the concept of decentralized Internet . The real and tangible impact that this could have is still unknown and highly speculative; But given the large number of applications jumping into the ocean of Blockchain, it is only a matter of time before it can finally penetrate every sector and every industry whose ideals are within its agenda. Transparency, again.

The similarities that they harbor with their first cousin: Digital transformation ; that with a limit of two years he managed to make this prediction a fact. As the transformation methods applied in global commerce continue, Blockchain seems to be the closest candidate within the evolution of digital transaction platforms. Finally being the main objective: Trust .

This is the reason for the quiet hype within the community about Blockchain. If Blockchain manages to meet the expectations raised by companies, it is possible that a future, not too distant, will cease to be a concept, and will become not only a fact; but also in the prevailing paradigm, in the dominant male. Although we all know the consequences of having a male in power.
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