Blockchain Trends to Watch out for in Asia Pacific in 2019 Blockchain technology has covered almost all the sectors as enterprises are in need of trustless transactions and secure record keeping

By Komal Nathani

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences Asia Pacific, an international franchise of BIZ Experiences Media.

Shutterstock.com

While 2018 saw a slew of investments and huge developments in blockchain industry, 2019 will more likely to bring in better transparency in the industry.

Blockchain technology has covered almost all the sectors as enterprises are in need of trustless transactions and secure record keeping. The global blockchain market is to reach $20 billion by 2024, according to the Transparency Market Research. This accounts for increasingly competitive vendor landscape in the blockchain technology market.

To know more about the trends to look out for this New Year, we spoke to David Chaum, computer scientist, cryptographer and founder of Elixxir, a blockchain solution that enables confidential messaging and payments.

Here are the edited excerpts from his interview.

The Change

Blockchain doesn't have the level of privacy that consumers minimally expect. It doesn't have the kind of transaction speed that consumers expect, it is not a kind of app that consumers are used to using. It doesn't have the kind of nascent stage proof level of security that's actually needed. 2019 will bring that in blockchain space.

More Use

More use Use-cases will emerge, which would show blockchain's value more clearly and will instill more institutional and user confidence. For example, the creation and emergence of more commercially-friendly blockchains, like aelf. Decentralized applications (Dapps) will focus more on user interface and user experience, so that blockchain platforms are no different from current mainstream apps in terms of usability and experience.

This story is part our special series on the new trends of 2019. To know what the coming year has in store for Agritech, click here.
Komal Nathani

Former Correspondent, BIZ Experiences Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of BIZ Experiences’s Asia Pacific edition to jig the wheel of business journalism!

Most Popular

See all
Marketing

Content Marketing Trends for 2020: Are we ready?

With every click on the keyboard, there is content being added to this virtual infinite universe that is being created, trillions of pieces of content get created every day

By Chaaya Baradhwaaj
Leadership

What Will the Corporate Board Look Like in the Next 5 Years?

The board of the future will look a lot different as our society pushes for more diversity, a purpose-driven culture, better corporate reputation, sustainability, talent and resilience.

By Naveen Bhateja
News and Trends

Harvard Comes to India - An Opportunity for BIZ Experiencess?

Online programmes offered by foreign universities are becoming popular but need local support

By Abhinav Mital
Science & Technology

What You Need to Know About This New Cybersecurity Trend

There's a new trend in cybersecurity that's likely going to play a critical role in keeping our data secure and private: confidential computing. Here's why and how it's going to change some of mankind's most important industries.

By Ronald Kaufman
Growing a Business

How Airbnb and Dropbox Achieved Tremendous Growth With Referral Marketing

While you can't create a carbon copy of another business's referral program and expect the same results, you can learn a lot by studying some of their components and strategies.

By Samuel Edwards
Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.

By Sherin Shibu