[News]Huobi Korea: 5 Major Trends in for Blockchain and Cryptocurrency in 2019
Huobi Korea, predicted the following five major trends in 2019 for cryptocurrency and blockchain industry.
◇ Increase in STO (Secured Token Offering)
Lately STO has been gaining attention as a new business model, as there are many advantages that come with it such as considering the investor owns interest, voting rights, stake, etc. as well as strengthening the protection and responsibility of investor. It is expected that tokenization will be applied to non-current assets such as real estate, arts, and venture capital, starting with securities-type crowdfunding.
◇ Inflow of institutional investors
Digital assets are beginning to attract attention as new investment assets, and institutional investors are expected to enter the market. Cryptocurrency regulations in each country are becoming clearer and infrastructure is needed for stable investment such as custody services. Institutional investors are expected to enter the market due to increased interest in alternative assets and diversification of portfolio in terms of risk diversification.
◇ Expansion Solutions (Scaling)
The development of various expansion solutions such as Bitcoin Lightning Network and Etherium Plasma will be major industry trends in 2019. The expansion solution solves the existing problem of increase in commissions and output limitations. The block-chain project with the expanded solution is expected to accommodate new users.
◇ Blockchain Application and Usage in a Corporation
According to the Deloitte Blockchain Survey in2018, 40% of respondents said that they will invest more than $ 5 million in enterprise in blockchain technology in 2019. 74% of respondents expected that blockchain technology would benefit the existing company. We can expect to see more attempts to incorporate blockchain technology in various fields such as distribution network, shipping, finance, cyber security, insurance, and healthcare in 2019.
◇ Stable coin
Stable coin, which has similar value to the fiat currency, is expected to have more importance in the cryptocurrency industry. More stable coins such as HUSD, PAX, GUSD, and USDC, were issued, due to lack of trust in the tether. As of November 2018, about $ 3 billion is being invested in the stable coin sector, and the stable coin is attracting attention. The Facebook Watts app and the Mizuho Group of Japan were also reported to release a stable coin and use it as digital assets. Stable coins are expected to bring about a ripple effect of digital assets across borders and technologies due to the high ease of payment and remittance.
J.D.
