Effective use of data in the supply chain
One of the key issues that come with the blockchain is the ability to track the shipping of goods in real-time. This process, however, comes with a lack of privacy. Some of the major companies in the blockchain world are trying to come up with solutions that will not be corruptible but also provide the needed privacy. The trends this year will thus be marked by the quest to assess the data in the blockchain in the hope to find solutions that are worthwhile.
Tokenized assets in the real estate world
While most other investment markets have seen a rise in the area of tokenization of assets, the real-estate market is yet to see much growth. 2019 is thus expected to be the year when this finally happens. Tokenization of the real-estate market will see a lot more involvement by small investors. The market will also see an increased vibrancy where all kinds of investors are able to exchange ownership of assets of all scopes without any major constraints.
Increased digital asset services
There will be increased digital asset services in the market, particularly in the financial industry. This is because of the start of a trend that is expected to continue all the way through this year and probably next year too. Most businesses have developed a level of appreciation of the blockchain. While there is still innovation going on in the various markets, it is expected that growth in the traditional areas of cryptocurrency will persist. This will see more businesses get involved in the digital assets and digital securities market.
Scalability and increased micropayment options
By the end of 2016, it was clear to many cryptocurrency platforms that there was a need to have plans for scalability. As the blockchain continues to see wider use among different entities, the issue of scalability will continue being important. Micropayments are also expected to continue to rise as people in different industries and capacities continue to learn about the advantages of the blockchain. What is certain is that much of these issues will be looked at over the course of 2019.
The market will start leveling out
There are many blockchain projects in the market. Some of these projects have cut out a good niche for themselves and they have demand in the market. There are others though that are not quite useful or competitive in the area they operate in. Such projects will be under huge pressure as the markets get more leveled. Since there is a uniformity that is already happening, there are many non-competitive projects in the crypto market that will simply get hurt in 2019.
Increased possibilities in the decentralized identity realm
While there are many advantages that have come with blockchain, there are also some drawbacks. One of the demerits you can observe today is the rise of hacking in the crypto world. Incidences of insecurity have forced many platforms to rethink their strategies. In 2019, it is highly likely that an improved desire to create digital identities will define the market. Digital identities are crucial in the crypto market because they will allow users to determine what data is shared. The market currently lacks options that give people such a choice. Big companies like Microsoft are looking into the area of decentralized identity and 2019 is the year when milestones will be achieved.