Future of Blockchain Technology

The year 2008 became witness to the birth of most advanced technological innovation- the Cryptocurrency-Bitcoin. The invention took the world by storm, raising many eyebrows of the tech enthusiasts. Soon, every industry started exploring the tremendous possibilities of cryptocurrencies and blockchain technology.

In 2017, the price of Bitcoin rose to $20,000, becoming the buzzword of the town. ICO funding thus surpassed the traditional form of funding in many industry platforms. No matter what the industry was, ICO promulgated the choice of many executives.

Today apart from cryptocurrencies, the underlying technology- the blockchain is getting implemented for many industry functions. The blockchain characteristics such as decentralization, immutability, transparency, speedy transactions make it widely advocating for applications such as

and much more. As days pass by, the tech brains are into digging more and more possibilities of blockchain technology. Therefore, one can ascertain that the future of blockchain technology is to prosper and multiply more.

In this blog is laying few of the blockchain possibilities or in other words say, what can be the future of blockchain technology.

1. Government Cryptocurrency

2. Blockchain Identity for Everyone

Blockchain-based Identity can be implemented in the field such as:

b. Reputation and trust scores (e.g., record as a consumer)

c. Certificates and verifications (e.g., college confirmation)

d. Healthcare and therapeutic records.

e. Tax distinguishing proof records.

3. World Trade on Blockchain Technology

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Originally published at https://www.blockchainexpert.uk.