What to expect from blockchain in 2019


Cryptocurrency popularly known as blockchain expects to be in new directions in 2019. Here are some predictions from industry experts. Blockchain involves a virtual currency to make commissions of online transactions. So let's look up what to expect from blockchain in 2019.
Dawn Song, CEO Oasis Labs.
According to Dawn song report, while 2018 was mainly focused on scalability. But This year will be a focus on privacy. We are seeing an unfortunate and consistent pattern of misuse, attack of sensitive information. In 2019 it will become a tipping point where customers look applications that won’t violate their privacy. This is the great advancement of a privacy-preserving technique for blockchain. She also states that this privacy preserving technique will protect the data and also control of data. so it is possible to know how data is used. This helps to build trust among consumers to drive data-driven applications. For instance, homomorphic encryption which saw increased research and development activity in 2018. But these techniques are not popular because of the slow way in which they operate.
Hardware-based  approaches
Song view is that hardware-based approach is more significant in 2019. This will helps to rise of techniques like secure computing, hardware-based acceleration of cryptographic trust hardware. while trusted hardware will enable a broad range of new applications on the blockchain. This will helps to execute a privacy protection policy.
GDPR Initiative
Song trusts privacy regulations will enable the General Data Protection Regulation (GDPR). This method is slowly expanding into various countries and individual states in united states. Recently California  Consumer Privacy Act is among state-level protection. According to this act, those who collect user information is responsible for transparency to consumers data use. She also mentioned enterprise companies deploy blockchain services. Once the hype of cryptocurrency is gone in the blockchain, then the breaches involve with corporate companies like Google. They can adopt privacy-focused blockchain technology to secure data.
Matt Moravec, CTO, Thor
Matt Moravec expresses his views on the blockchain. A payment and management platform of blockchain is the solution for economy solutions. People are realizing the visions of pragmatism. You can transfer money cheaper and easier than old systems. He continued that last time he transfers money of $685 million and it will cost only $7 to do it. This is becoming the more apparent value for technology. This will take 15 minutes to send money from Frankfurt to ETH. You can also send as much money as you want. Blockchain not only reduces the cost of transactions But also enhances audibility.
Digital  Credits
Moravec believes that proliferation of digital credits on the blockchain. He says companies will begin to store. For example, The airline points on blockchain at thor. Thor credits entitle you services at a cheaper rate. The main difference between is reward points is that you have real ownership over them. They are all yours, you can sell or use however you want.
Another realistic example is seeing blockchain expansion in the world of video games. Imagine if you are playing World of Warcraft, you can store the shield in the device. You can own it and trade whenever you want. If the gaming company announces an item is rare.  So claim can be verified on the blockchain. Blockchain system is open to use and transparent.

Conclusion: Finally by use of blockchain we can make improve the privacy of user information. Blockchain also reduces the cost of online transactions. Blockchain expands its features in gaming technology. Moreover, it places the main role in airline points. So we can expect all these features in 2019. You can also learn more on blockchain in blockchain online course


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