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Technology blockchain is finally ready for a breakthrough

cripto by cripto
September 24, 2018
in Bitcoin, Exchanges, Guide, Regulation
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technology   blockchain develops, in 2017, no one even thought it could become so popular.

However, instead of improving efficiency, enterprises faced impractically slow transaction volumes, instead of a transparent world with maximum responsibility, companies with confidential customer data faced regulatory problems.

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Contents:

  • Software is ready
  • Interaction moves forward
  • Ripple and Swift change the state of things
  • Development of PoC-terminals
  • Crypto-currency research

Nevertheless, there is reason to believe that in 2018 a   blockchain such as it was originally intended could become a reality.

It turns out that the reason for such optimism is that even if   blockchain could not become real for business in 2017, it became tangible from the point of view of technology.

And now, when the software is built, those who work close to development say that direct testing is just around the corner.

Experts believe that the creation of “blockchain real” is no longer abstract, it is on the verge of effective business.

Software is ready

In order to understand how the abstract utopia of the crypto currency is becoming more than just an interest for business, it is necessary to return to the set of successes that have recently been realized.

More recently, groups of financial institutions and enterprises (R3, Hyperledger consortium running Linux and Enterprise Ethereum Alliance) have gone through the basic stages of software development. The market also includes versions of open source software platforms that can be monetized.

Blockchain_1

Last year, IBM launched IBM Blockchain , an enterprise-level software version, and later R3 did the same with its Corda platform, called Enterprise Corda.

These commercialized versions of open source software, in turn, will allow the use of a number of specialized industry applications based on blockchain.

In 2017, Walmart, Kroger and Nestle helped launch the food tracking network using IBM Blockchain, and it is expected that new solutions will be explored this year.

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Interaction moves forward

With the software installed, this provides an opportunity that a   blockchain  will help to facilitate business by preventing from investing in the wrong technologies, or worrying about future troubles.

As an example, in August 2017 Monax integrated with Hyperledger Sawtooth to include on this platform special contracts based on the etherium .

Blockchain_2

While most people in the blockbuster believe that technology is headed by someone, a few leaders in the face of firms and start-ups are likely to continue to pull everything into their own territory.

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Ripple and Swift change the state of things

The potential growth of interest in business is observed after the influence of the blockchain .

One of the most noticeable trends this year may be the involvement of Swift, the platform of interbank transfers.

Blockchain_3

Ripple tested a network of banks whose purpose is to explain to SWIFT that they have a major competitor.

The company is confident that SWIFT needs to improve its system, make it simpler and cheaper.

Will Ripple evolve to challenge Swift? Will it continue to emphasize its ability to provide better liquidity in the market? This remains to be seen. Many experts are sure that Ripple has nothing to catch, that the company will never be able to overtake the world leader in money transfers. Time will also tell how Swift reacts, but it must be understood that the company continues to attract high-profile news of its enmity.

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Development of PoC-terminals

Other financial institutions are likely to look at competitive advantage in the first place.

UBS will continue its leading role among a consortium of other banks, relying on its plan to use a private version of the blockchain  airspace to accelerate the implementation of the newly established Mifid II requirements in Europe.

The Swiss bank also plays a leading role in Utility Settlement Coin (USC) , which is exploring the potential benefits of blockchain for central banks.

Blockchain_4

In addition to financial applications, some of the largest companies in the world have allocated their own blockbuster start-ups to help commercialize their work.

Traditionally described as one of the Big Four firms, Deloitte has made every effort to transform itself into a consulting technology company, helping its customers navigate the blockbuster space. It is important to note that also the development of the traditional understanding of the fact that accounting itself appears in the era of blockchain has also begun.

It is also noteworthy that the global shipping giant Maersk last year allocated its blockchain supply chain to a joint venture with IBM, which is currently seeking to provide optimized services to other shipping companies.

As an example of a more well-known company, the Mercedes-Benz maker last year issued a $ 100 million bond for a private version of the block air station .

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Crypto-currency research

Another change on the horizon may be an increased willingness of enterprises to discuss and even publicly explore crypto-currencies.

In particular, IBM stands among this group, which in 2017 opened cooperation with Stellar cryptostartup and is now considering ways to study open blocks in cross-border payments.

Blockchain_5

According to Hu Liang, the founder of one of the leaders in space, the operating system based on the blockchain, Omniex, the development represents a rather unusual positioning from a historical point of view.

Unlike most financial innovations, led by commercial consumers, the blocker on the contrary left businesses behind.

Liang, who previously worked for the bank and asset manager for the giant State Street, said:

“Crypto currency is the only asset class in history, which was originally based on the retail community. Because of the price crackdown, the interest of institutional investors has obviously increased. “

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