2016 has really been very active for blockchain with so many innovations and ideas coming up in the industry. There have been so many creations from d
2016 has really been very active for blockchain with so many innovations and ideas coming up in the industry. There have been so many creations from different companies that have emerged and are there to present the functional real case uses for disruptive technology. Banks and Governments are also not staying back for contributing towards development process associated with blockchain as there are numerous tests as well as implementation of blockchain is already seen. Reviewing the last year, Thoma Mc Alister who is the principal consultant of Bancoin Reserve said that we have seen the great exposure for the blockchain technology. This is the exposure which is motivated by race for market capture as so many companies are making efforts for showcasing the products within this kind of emerging industry for achieving meaningful followership as soon as possible.
Proof of Stake Role To Increase
McAlister feels that 2017 is going to be the year with patent litigation and much heavier negotiations as the ideas are coming up with clarity in much better way than ever. This is important for industry for being back on track.
President of Crypto Consultant, Mr Jason Cassidy said that 2016 is the year which will be remembered as year when the impact of blockchain technology can be felt beyond financial services. As per Cassidy there are many areas which have really made good news on the global scare with the help of blockchain technology that include gold, tourism, gaming, voting, real estate, identification. Healthcare etc. Cassidy even identified some trends or the events that are there with blockchain space from the year that has really helped in defining landscape that is going to be in the year 2017.
Governments & Blockchain
With an increase in the awareness of technology and also pressure for providing legal framework, governments have started taking much close look at what exactly the blockchain is so that they can figure what it can do for them. Acknowledgement is really very important in the development of on-going story related with global bitcoin and also the adoption of blockchain.
Smarter and Not Brilliant Contracts
Cassidy even referred DAO incidence which happened in the middle of year. He conveyed that for many who were in the industry, it was like a watershed moment which brought some controversy and the ultimate decision of some feel going against the ethos related with decentralization. He even noted that few of the events even had much polarizing effect in blockchain industry that can make it possible for them to enter mainstream news.
The community can expect the same kind of usage with the blockchain as it was there. Cassidy said that when adoption grows, many among these trends can play out and can give way for newer ones.