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Reasons why Blockchain will disrupt every industry in 2018 and 2019

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blockchain will disrupt

The power of blockchain is spreading everywhere! Many industries are bringing blockchain into play because of its very many utilities.

 

What is Blockchain?

It is famously known as the distributed ledger technology which is a decentralized network empowering peer to peer transactions. It became well known after the Bitcoin hype when people came to know about the advantages and use cases of it. The overall implementation of blockchain can lead to the day to day utilization of it in many sectors.

 

It will redefine the outlook of many sectors!

Many potential industries are thinking to implement Blockchain in their system due to its decentralized nature. The transparency provides on immutable ledgers is something which is the need of the hour. However, the major industries which will happily make use of blockchain will be the finance industries since it is that one sector which needs transparency. To avoid scams and other fraudulent activities it can be the new building blocks of modern era finance technology. Blockchain really has the potential to disrupt many industries which require now a new outlook not only in terms of technology but in security also. Security breaches are so common now. This technology is actually what was needed.

 

Not only for cryptos!

As the technology will advance in near time, there will be the traditional, dull and not so secure methods which will be replaced by the blockchain technology. Blockchain technology will revamp all industries beyond cryptocurrencies like Bitcoin, Ripple, Litecoin and others. The good thing about Blockchain is that it might be a bit complex initially to get started on with but later it completely sets up an environment of more transparency and security. In terms of transactions, they can be transacted within fews seconds, records can be validated in the ledger with much security. Many startups are coming with blockchain based projects. Blockchain will help to redefine few features which are lost nowadays like security, transparency, reliability, immutability and always available. Very soon, the sectors like Finance, shipping, banking healthcare Manufacturing, Real estate etc will be making use of this technology. Few other industries which can hopefully take up blockchain are the Music, entertainment industry, government, aviation etc. As the technologies become more advanced, there is always a scope to replace one technology with other. Such disruption is meant to invade many industries. The blockchain implementation will definitely revamp the look and functionalities of the industries. The workflow will be very different from what it is right now.

 

Few reasons why Blockchain will disrupt

 

  1. The global solution!

Blockchain is trying hard to prove its mettle. But it won’t take much time to spread its word. The major tech giants are already doing that for blockchain. The tendency of blockchain to carry out transactions all over the world just in matter of few seconds is something which will be appreciated a lot. No geographical boundaries, no security breaches, what else the finance world wants!

 

  1. The effective solution:

What does an effective solution mean? It means the solution which productively. There were many models implemented for various sectors to cover up the flaws, but they were not that effective as per the industry demands. As the technology changes, such solutions wither away due to the lack of productivity. Initially, one may find it complex to use Blockchain, but it is solution worth the efforts.

 

  1. Trustworthy and efficient:

Blockchain is appearing as the synonym for trust in recent times. Bitcoin used blockchain to guarantee the transactions. Its is just the matter of trust and reliability that the current solutions do not offer world class solutions.  

 

  1. Investment for growth!

How much does a company invest for the current products to increase productivity? Moderately. There is lack in the market to try out variety of products and solutions so that they walk with the recent technologies. A bit of investment will provide easy blockchain solutions.   

 

The target to conquer every industry!

IoT along with blockchain is touted to be the game changer for the many industries. There is so much scope for such technologies like blockchain to to just reinvent the present mechanism. Trust is the basis of every industry, which is lost nowadays due to criminal activities and it can be gained back by blockchain industry. So definitely, blockchain has become the need of the hour! And it is not very far that it will disrupt every industry in the coming future.

Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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