1. Eliminating the intermediaries / institutions
blockchain target Blockchain as technology can substantially affect a variety of processes and technologies. It is a system that eliminates the need for trust in any kind of transaction. Although it may sound trite, many of the largest institutions in the world as there are now organizations of public trust, for example SWIFT (Society for Worldwide Interbank Financial Telecommunication - Society for Worldwide Interbank Financial Telecommunication). Corporate Opportunities are huge for companies that can create specific technologies targeted to specific transactions, such as mortgage market.
Currently, in order to buy a house or an apartment, the seller and the buyer must use the services of third parties to formalize the transfer of ownership. In addition, it is required application to the authorities in order to obtain the documents needed to complete the transaction and countless small transaction fees that are necessary to maintain the system. These systems exist, because historically the transfer of the property was a process that requires enormous trust guaranteed by the land registry, notaries and courts of the land registers. However Blockchain solve all these problems. A land register specific property may contain verifiable and proven history of transactions, minimizing the need for institutions. The result would be the release of the entire bureaucratic system at a fraction of the cost of mortgages, in a fraction of the time,
2. Blockchain as a guarantee of security systems, autonomous vehicles
Many people see only Blockchain as another digital database, and some identify him only cryptocurrency called Bitcoin. However, the true potential as a structure Blockchaina encrypted database is revolutionary, exciting and as yet unrealized. For example in cyberspace security was a serious problem for general innovation in many industries, including vehicles without a driver.
From the times of the Internet human ability to innovate was significantly faster than our ability to protect against spyware, viruses and hackers, but Blockchain can put an end to. It is widely believed that autonomous vehicle technology will not only improved in tests, but will soon be ready for the market. However, the legal status in many countries does not allow for the introduction of fully autonomous vehicles (without the person responsible in the event of an accident) and one of the main reasons is cyber security.
These fears are justified. At the end of the reported cases of hacking attacks in modern cars that are in motion. And while change is one radio station, in the car driving into another vehicle is completely different. In the past, car makers have not been able to guarantee complete security against cyber attacks in the autonomous vehicles, but thanks Blockchain may change. This decentralized data distribution method involve making each car without a driver on the road would be basically untouchable.
3. Blockchain in 2019 years - outside of Bitcoin
blockchain 2019 futureW 2018. Blockchain became the second most popular word search on the website of Gartner. Distributed database technology has gained importance in many industries. Deloitte predicts that projects based on technology blockchain exceed cloud computing (data processing in the cloud) and IoT (Internet of things - the internet of things) investments in venture capital.
The technology will help solve today's security problems, including problems with counterfeiting agreements, identity and risk management. Data based on blockchain allow online stores and financial organizations to easily verify their customers and fight the unfair actions.
Terminology will also evolve over time. Industry leaders will be emphasized on providing functional or architectural descriptions, instead of using the term "blockchain." For example, in messages Australian stock exchanges do not see the word "blockchain." Announcing the introduction earlier this year of "technology of distributed ledger" to clearing and settlement. The focus was on its functionality rather than on popularity.
While the 'hype' (hype) around the word "blockchain" persists in the coming year, we will see the main applications inspired by the technology in the health, financial, insurance and e-commerce. Blockchain become the default technology wherever there is a need to ensure data integrity.
4. Provide a safe Internet of the future
blockchain safe moneyNajważniejszą feature blockchain technology is that it provides unprecedented security on the Internet, where the illegal phishing, malware, spam, hacks, and a threat to global business.
One of the main advantages that provides blockchain over other types of software is that it is based on cryptography and is built so that it was not possible to make changes to the existing chain of blocks. You just can not go back to a certain point in blockchainie there and change the information. For 10 years of technology blockchain never been hacked.
Another key advantage of the technology blockchain the spreading networkSo it is impossible to take control of it by example. Authoritarian government or big corporations for illegal business practices. For example, bought the property and documented in blockchainie can not be removed or hidden by any administrative body, so that the owner is protected against fraud.
Finally, blockchain is the perfect tool to store huge amount of important documents in industries such as healthcare, logistics, copyright and many others. Blockchain eliminates the need for an agent when it comes to legalizing contracts. Intelligent Platforms contract is still developing when it comes to user-friendliness and is believed to have wide use in the next 5 years.
5. Blockchain in digital advertising
Digital advertising faces challenges such as fraud in the redirect to another domain, in the form of false move bots, lack of clear, consistent payment models. The problem is that the stimulation of the market is not uniform, which makes both advertisers and publishers are not completely satisfied with the achievement of business objectives. Blockchain is the solution to ensure transparency in the supply chain, because of the nature brings confidence to the rapidly changing environment.
By reducing the number of bad practices in the advertising environment, good companies can develop. Most importantly, publishers can collect a higher percentage of the total amount of advertising allowed into the ecosystem and will do so in time provide relevant views. Blockchain is still in its infancy, but the basic technology is in place here, and all the technology companies advertising should consider how it can help improve their business.
6. The impact of the so-called. 'Streaming Money' on business
blockchain moneyPrzyzwyczailiśmy to save monthly (weekly in western Europe) period, which we consider in business and as employees. However, the 2018 sets new approach, in which it is no longer the norm. Very exciting technology blockchain possibility of new forms of micropayments. Another contracts are smart (Smart Contracts). Although it was predicted many years ago by Andreas Antonopolisa, the reality is only now yielding results.
Bitcoin initially had very low fees, but blocking / clogging up the network caused the disappearance of micropayments. This year, we can observe a network of 'lightning' and Raiden network. Both are gaining in popularity and fast restore micropayments.
Using a simple smart contract employee may be paid in real time while working. And that means that actually works. Monitoring programs can easily track the keystrokes, see if the employees do not make a break on Facebook and measure productivity. Pay, in real time, when they work.
This is an advantage for both the company and the employee. The rules are clear and simple and more engaged employees receive better pay. Do you want to earn a little more? Stay at work longer and increase the assets of your account in real time. Many companies already use services such as. Upwork. These programs monitor the work of remote employees in real time. We are therefore on the verge of great changes in the payment system.
7. Are we ready for a revolution
Although the prospects seem very optimistic, there are a number of limitations related to the fuller use of technology blockchain. Jeff Stollman, futurist for. Technology, shared his thoughts on the current technology limitations of such great potential. For more than three years blockchain we design solutions for customers and expects the four patents in this technology area. Here's what he said:
"The potential of technology in enterprises Blockchain is enormous, but the implementation of active solutions for corporations will last a few years. There are two reasons for this state. First, the technology itself blockchain is not sufficiently mature to handle transaction volumes necessary to support most enterprise applications. Second, enterprise applications, which will be used in various industrial sectors, require the establishment of new management principles. Developing new can take years.
When it comes to technology, the only currently available applications based on blockchain enterprise applications are operating in a fairly limited scale, such as Dimond Everledger Platform tracking ownership and origin of certified polished diamonds. Each register / database manages and monitors more than 1.6 million of diamonds. But not traded diamonds with high frequency. It is rather a long-term investment.
Large payment systems such as VISA, now process payments at a rate that would handle the entire database of diamonds Everledger in little more than one minute (24 ~ 000 transactions per second). Among the popular Bitcoin cryptocurrency processes only 7 transactions per second, and supports Ethereum only 20 tps. There is no limit to accelerate the speed of data processing technology blockchain. But it needs new solutions to meet the high bandwidth requirements and the confidentiality of such enterprise applications. For instance, the BigChainDB that is not true blockchainem, but offers many desirable features, claim that they are able to process 1 million transactions per second.
As for management, the majority of enterprise applications will run on a dedicated, private chains blocks. Applications will not be a single-owner such as Everledger. Ownership will be shared by a group of customers. Banks cooperate to develop new payment systems. Logistics companies and banks work together to develop new financial solutions to trade. These companies will avoid blockchain popular chains such as Bitcoin and Ethereum, in order to achieve the required bandwidth and better control of confidentiality. Today Bitcoin transactions are private and Ethereum only because their transactions are insufficient to allow analysts (big data) identification of the parties to the transaction. It does not apply to most transactions in enterprises.
Because the chains of blocks will be private, members will have to agree on the principles of management, within which they will operate. It is a process similar to the negotiation of international standards, which usually takes years. This is because various members trying to develop its own special standard action. Decentralized management chain blocks usually requires consensus in many aspects of the business: membership, access control, data which are in the chain and what data is stored outside the chain, the verification procedure and validation of transactions, blockchain ownership, management, etc. blockchain.
With time possible to reach the desired standards, overcoming obstacles both technical and legal. But significant progress is needed on both fronts before they reach corporate applications blockchain widely used. "
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