Simplification and acceleration
It is assumed that there will be much more blockchain services with a simplified mechanism of operation. This will increase their accessibility for people who do not have specialized knowledge. Regarding to acceleration, there should be more architectural solutions that will improve the throughput of the blockchain. User transactions will be carried out more quickly.
Government competition in the blockchain
Alexey Chernyak thinks that countries and jurisdictions will compete with each other in order to be able to attract the best minds for projects in the blockchain. However, this is far from all. Some governments initially showed a vigilance for the blockchain and came up with an appropriate information policy, urging their citizens not to trust this technology. For example, China was among those countries.
Development of quantum blockchain technology
Researchers in the Russian Federation announced that they are developing a blockchain technology that involves the use of quanta. It is reported that it will be completed in 2019 its industrial refinement. This is evidenced by scientist Yuri Kurochkin, who heads the Russian Quantum Center. If such a task is really implemented in 2019, then this scientific fact will affect the whole blockchain industry.
According to Kurochkin, Russian researchers were the first in the world to take on this technology. With the creation of quantum computers, which are being developed by researchers all over the world, the quantum blockchain can provide the means for high-quality cyber defense. According to the developers of technology, with the help of quantum computers, attackers would be able to crack online wallets, which are based on blockchain technology, around the world. It is increased security that is the main reason why many users choose such wallets for themselves. If quantum opportunities are also used to protect the blockchain, then, according to Kurochkin, it will be possible to exclude the possibility of hacking online wallets.
While the quantum computer is a theory, and practical developments in this direction are rather weak. The interest of scholars from around the world to this opportunity was significantly stimulated by the mentioned research group to go ahead of the curve. In the modern world, cybersecurity issues are often resolved according to this principle.
The next few years will show us how far scientists will progress in creating quantum computers and, accordingly, whether the quantum blockchain will be in demand.
The impact of the Internet of things on the blockchain
Blockchain trends are integrating in some directions. There are various forecasts, concerning such further integration. According to some researchers, the use of blockchain technology on the Internet of Things will reach 5% by 2019. Other analysts see more prospects for integration and believe that this figure will be at the level of 20%. However, whatever the dispute about percentages, the trend itself becomes apparent. There are also predictions that the blockchain, in addition to the Internet of things, will also be used in the field of automated insurance.
Blockchain networks will work according to the law
This trend is predicted by expert Oleg Solozobov and by Alexey Chernyak. Consequently, in 2019 the process will intensify and strengthen. Solozobov notes that smart contacts are closely associated with bitcoin and blockchain as such. They are codes that are stored in a computational process and are used to automate business operations. For companies that want to work on the blockchain base, this tool is very important. According to the expert, it can be used to increase productivity.
When disagreements and disputes begin between the two parties, the blockchain attempts to put legislative levers into action to resolve the issue. However, the sphere is not settled yet. Perhaps the presence of a higher supervising institution to some extent would allow solving this problem. In general, the issue of decentralized currencies is still very vague. If we talk about control, here both the blockchain network and the controlling party will have to accept certain rules of the game. It is difficult to say how this will be implemented.
Change in attitude of large banks to cryptocurrency
Some large banks expressed a radical view last year that they oppose credit card transactions related to the acquisition of cryptocurrency by customers. According to some analysts, in the near future, banking institutions will see the potential of this industry and become more loyal to this matter. According to some analysts, in the near future, banking institutions will see the potential of this industry and become more loyal to this matter. In many respects, everything depends on whether, after all, the blockchain is better settled from a legislative point of view.
Transition to full production