BLOCKCHAIN TO BECOME BIGGER THAN CRYPTOCURRENCIES

Updated: 10/20/2017 11:30
Reprints/Permissions  Hyip Monitor
blockchain value importance
See the latest view from Joe Pindar concerning the future of Bitcoin, Etherium, Blockchain and cryptocurrencies, underlining the importance of blockchain
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See the latest view from Joe Pindar concerning the future of Bitcoin, Etherium, Blockchain and cryptocurrencies, underlining the importance of blockchain

Joe Pindar Director Product Strategy, CTO at Gemalto argues that in the long term, blockchain technology will become more important than any digital currency.

The crypto-currency market is not stable. Despite the fact that the number of crypto currencies is growing, their value begins to deteriorate. Since initially the crypto currency was presented as a rare digital commodity and with an increase in the total amount, many of them will fail to maintain the viability of more well-known digital currencies such as Bitcoin and the Etherium.

Nevertheless, the main blockchain technology behind crypto currencies will provide value, as a hidden infrastructure that will underlie future applications.

Bitcoin and Etherium will remain viable in the long run, but probably not with current prices.

The basic prerequisite for crypto currency is the token, which allows you to access various services. One of the few recent active tokens, is the IOTA, which is focused on the Internet market of things (IoT). And while IOTA sees its long-term future, the ability to use it for IoT applications depends on eliminating the volatility caused by speculation.

It is important to share the technology of blockchain and crypto-currencies. You can run a block system without crypto currency, as demonstrated by the Metrognomo service, which charges a subscription fee for publication on the network. Or Quorum of JPMorgan Chase, the minimally diversified network of the Etherium, designed to promote private transactions for the enterprise.

Therefore, despite the fact that blockchain can be useful for ensuring the security of distributed systems and enterprises, it does not justify the fundamental nature of any crypto currency.


About the author

Brett Sherpan has been working for seven years writing and editing for online and print media. He has held various editing and copywriting positions and can quickly and competently write copy for sales, marketing and editorial content. Brett is a consistently dependable team player, who thrives in a high-pressure environment, enjoying the challenges of meeting deadlines and am comfortable researching, writing and editing on a wide range of topics
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