Categories: Ethereum

Steady evolution in blockchain will continue, unless disillusionment causes a ‘winter’

Click here to view original web page at

This device is unable to play the requested video.

"The visionaries will forge ahead; those hoping for immediate industry and process transformation will give up." This was the opening sentence of my blog post accompanying Forrester's DLT/blockchain predictions for 2018.

I'm repeating it here, because it'll continue to hold true for 2019 -- with one proviso: There's a real risk that we'll experience the beginning of a "blockchain winter," as the continued absence of miracles and revolutionary developments leads decision makers to throw out the proverbial baby with the bath water and stop distributed-ledger-technology-related investments completely. While this wouldn't have a major immediate impact on innovation in the wider ecosystem of public blockchains and ambitious startups, it would be a serious setback for the development of enterprise-grade solutions and networks.

Also: In this country, your cryptocurrency must go through your bank

Here's what to watch for in blockchain and DTL in 2019:

  • In enterprises, we'll see a shift in terminology from "blockchain" to DLT. The move toward different language has two key drivers. First, innovators within enterprises want to send a clear signal to executive teams that their projects have nothing to do with the Wild West of cryptocurrencies and initial coin offerings. Second, adopting more neutral terminology avoids potentially endless arguments over whether a particular solution is or isn't a real blockchain -- an argument that's unwinnable anyway, given the different architectures of the platforms that are available today.
  • Platform proliferation will continue. In 2018, Ethereum/Quorum, Hyperledger Fabric, R3's Corda, Digital Asset Holdings' software, and MultiChain have been the platforms we've most frequently encountered in live systems or major developments. We don't see this changing significantly in 2019 but are expecting more contenders to emerge, given the number of well-funded projects that are under way and promise to address some of the key shortcomings in existing architectures.
  • Technology shortcomings won't be the biggest inhibitor. That honor goes to non-tech issues, whether it's agreeing on data and process definitions, smart contract rules, access permissions, or governance frameworks and legal agreements, ensuring that compliance will continue to challenge those in regulated industries. I often use the phrase, "blockchains are 80% business, 20% technology." If anything, that 80% is on the low side, and we'll continue to see projects held up or even fail because companies' focus is on the 20%.

The pruning of projects that we predicted for 2018 has taken place and continues. We've also seen initiatives go live that deliver immediate benefit as well as laying the foundation for potential process redesign. When it comes to more transformational potential, the visionaries will continue on their path. While we won't see any breakthrough deployments in 2019, the tokenization of digital and physical assets will be one of the key areas of innovation.

--By Martha Bennett, principal analyst

Download Forrester's complimentary predictions 2019 guide to understand why 2019 will be the year that transformation goes pragmatic.

This post originally appeared here.

"You can call me Floyd Crypto Mayweather from now on."

Millions of dollars in investor funds were allegedly spent by the suspect on a luxury lifestyle.

Covering both decentralised and centralised trust, Amazon Managed Blockchain supports Ethereum and HyperLedger, while the Amazon Quantum Ledger Database is a fully-managed ledger database.

South Korea's Ministry of Science and ICT will develop a blockchain voting system that will go on trial in the private sector in December.

"The visionaries will forge ahead; those hoping for immediate industry and process transformation will give up." This was the opening […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Authorities Bust Illegal Crypto-Mining Lab In Nuclear Power Plant

Ukrainian news media is reporting that last month an illegal cryptocurrency mining operation was discovered and confiscated on the site… Read More

6 hours ago

Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency

While Jerome Powell's highly anticipated Jackson Hole speech was, in the words of Brean Capital's Russ Certo "underwhelming and anti-climatic",… Read More

6 hours ago

Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests

Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an… Read More

6 hours ago

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions… Read More

6 hours ago

Analyst Says Bitcoin Is About to Seriously Impress Us

As of late, bitcoin – the granddaddy of all crypto – is once again experiencing small bursts of bearish behavior.… Read More

6 hours ago

Gloomy Stock Market Faces New China Taunt: We’ll Get ‘Last Laugh’

A gloomy stock market must wrestle with China's latest taunt, in which it warned it would "fight to the end"… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More