Categories: Ethereum

TOP-7 Technological Blockchain Trends in 2019

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The pace at which the blockchain industry develops is breathtaking. Blockchain contributed a lot to the technology development. But a lot doesn’t mean that it has nothing to offer to the world anymore.

Therefore in this article, The Coin Shark offers you to take a look at TOP-7 the most awaited blockchain technological trends of 2019.

1. Blockchain As A Service (BaaS)

Certainly, blockchain is one of revolutionary technologies of the 21st century. It is able to solve an incredible number of problems and tasks. Therefore, many start-ups and companies are working on the development of their own blockchain decision. One of such decisions is BaaS service, which is a cloud service for creating your own products on blockchain and smart-contracts.

Although, the world giants such as Amazon and Microsoft already provide BaaS service and the demand starts growing.

2. Hybrid Blockchains

There are several blockchain versions, one of which is a hybrid. Presumably, it will become a trend in 2019.

A hybrid blockchain is worth your attention, because there are several variants of its usage and namely its integration in a hybrid IoT, banking, supply chain and corporate services.

3. Federated Blockchain

Some people believe that 2019 is the year of a federated blockchain. The presented type of technology is an evolution of blockchain standards. It’s perfect for many private cases of use such as: the insurance recoveries, financial services,supply chain management etc.

4. Ricardian Contracts

This is also one of blockchain trends of 2019, which is basically a legal contract for mutual agreement between sides. Ricardian contracts unite legal contracts with technologies. In this case, legal contacts will be cryptographically checked and signed.

The uniqueness of Ricardian contracts is that they are simple for understanding. It spares mediators between technology and people.

5. Interaction between Blockchains

With time we see new blockchain based networks. It leads to formation of new chains, offering various network processing speed etc.

The interoperability of blockchain is aimed at improving the informational exchange between various networks and systems on blockchain basis. This trend improves the compatibility of blockchains as well as makes them more practical for everyday use.

With interoperability of chains of blocks, as an example, you can send information from EOS into Ethereum chains of blocks. Several examples include: BlockNet, Aion, WanChain etc.

6. Stablecoins

Such coins unlike cryptocurrency have stable rate, since they do not depend on the condition of the market and they are supported by goods or by fiat currency. The brightest example of stablecoins is Tether.

7. Security Tokens

Such tokens protect the investors’ rights during an ICO. Security tokens will become a trend in blockchain industry in 2019, since now we are observing the transfer from ICO to STO.
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