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In an article made by Chepicap, they have reported how Google Trends suggested that altcoin topics are skipping levels that have not been since the bull run in 2017.
Chepicap indicated that since Bitcoin has been slanting downwards, it’s no surprise that altcoins can once again enter the crypto scene.
So Chepicap listed three altcoins to watch out for in the second quarter of 2019:
IBM has announced that they would be utilizing the World Wire global payment service of Stellar network. Over the second week of March, XLM has already seen a 20% increase in price. Because of this, the market capitalization of the project increased from $1.66 billion to almost $2.2 billion. Chepicap stated that since Stellar’s XLM has momentum on its side, it could eventually begin its climb up to $0.18.
According to total market cap, Vechain is the 23rd largest crypto. Vechain’s focus is on supply chain management, smart contracts, and financial services. But Vechain has extended the scope of its company towards security sectors such as food safety and anti-counterfeiting. Vechain’s total market cap is currently at $293 million and has by far gained 33% for 2019.
The BitTorrent Token
This project is new, Chepicap indicating that it did not even exist before January 2019. The most notable thing about the project is its huge leap into the rank of 47th biggest cryptocurrency by market cap this 2019. Among the market’s biggest cryptocurrencies, BitTorrent is named the biggest earner, due to the fact that it surged to 9% in the most recent bull run.
It’s still too early to tell whether altcoins are back for good or not. But cryptocurrencies prove stronger as the times pass by, despite the market’s instability and its own volatility.
DApps or decentralized apps are becoming more and more relevant. Crypto enthusiasts are increasing in number and others are starting to like the idea of the crypto craze!
Don’t get left behind! We got you! Start and enjoy your cryptocurrency journey by playing dApps! It’s best to begin in an entertaining way so you can build your crypto interest up! And lucky you, because LuckyDapps has just the right dApps for you to get hooked on!
LuckyDapps is made to be a platform for lucky blockchain games to target crypto enthusiasts and casino players all over the world. It provides a few selections of only the best casino games turned into dApps! Casino players will surely be thrilled because LuckyDapps showcases games with the same visual experience players get as they would play them in regular casinos. It brings people’s favorite gambling games into the crypto world and makes them conveniently accessible to crypto fans.
But the best thing is, even if you’re just starting with your crypto journey, you can be sure that LuckyDapps has got games that will turn you into a crypto enthusiast! Since the games are easy to play, instructions are easily found on the website, and the navigation is user-friendly, anyone will surely enjoy, even people who are new to the crypto world!
Do you have doubts as a newbie in the crypto world? We have got you covered! LuckyDapps games are based on the blockchain technology. They have the impenetrable features and properties of the blockchain, making outcomes easy to independently be verified and transactions easy to trace through Etherscan. Other players or even operators have no means of fiddling with game results. Good thing, the blockchain technology helps in making results for LuckyDapps games transparent all the time.
Today, LuckyDapps has one dApp that will bring out the casino players’ luck in everyone—CryptoDice! CryptoDice is a game of chance, based on the ancient Chinese Dice Game “Sic Bo”. The game’s goal is to gamble on the outcome of the three dice to be rolled. Very easy!
On the second quarter of 2019, LuckyDapps is headed to bring you yet another lucky blockchain game! Our hint: cards! So don’t miss the chance to be the first one to see and try the new game! Stay updated by tuning in to our social media accounts! (Links are found below!)
LuckyDapps is now here and is definitely here to stay! We would also be giving you updates, news, and feature articles on cryptocurrency, the blockchain technology, blockchain games or dApps and other relevant topics through our new forum account! We thank you for supporting us all the way here and we hope that you continue to support us through following our new accounts! Check out our website and give our games a try! Visit LuckyDapps, your luckiest site for decentralized apps!
Meanwhile, check out our promo on Twitter: Follow2Win!
It’s a common knowledge that when people enjoy a certain product, its fanbase becomes more solid and increasing. And a growing fanbase can be a great sign of product growth and success. This is why Socios.com, powered by Chiliz, plans to give fans methods to support financially. To make this happen, Socios.com have partnered with high-profile football clubs like Juventus and Paris Saint-Germain.
Founder and CEO of Socios.com, Alex Dreyfus stated that the project’s potential is huge. He also said, "Our long-term aim is to onboard more than 50 football clubs and we hope to inject an additional $300 million into the sports economy over the next few years. We have started at the very top, with some of the biggest names in football, and our ambition is to build the world's biggest global football community and marketplace for football fans alongside demonstrating that blockchain and cryptocurrency is the trusted technology of the mainstream."
Through their platform, Socios.com aims for fans to grow together by purchasing “Fan Tokens”. Dreyfus explained that Fan Tokens are “specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain.”
But Fan Tokens are limited in number. They are fungible, which means that the token’s ownership could be traded and the price is market-driven. The platform is under development to achieve investment from fan monetization and to ultimately help sports teams to increase engagement of their fans.
Critics argue that Bitcoin’s 4-5 digit figure value is unjustified considering the lack of BTC use in retail.
However, according to News BTC, a large number of companies have attempted to gradually adopt cryptocurrency by accepting payment for goods and services in different digital assets.
Two latest names in the line up of these companies are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Avnet, a Phoenix-based electronic components supplier. According to News BTC, the two’s combined annual revenue last year was over $18.39 billion.
As Bitcoin acceptance grows, its application grows as well. More companies have been investing in Bitcoin and other digital currencies, and as of today, the list gets longer.
Avnet for one, proudly detailed how they decided to go crypto on the homepage of its website. Also, Digitec Galaxus AG, owner of both Digitec and Galaxus online marketplaces announced that they would start accepting cryptocurrency payments and partner with Coinify as their payment processor.
Cryptocurrency is becoming more relevant and more companies and people are starting to accept it all over the world. Oliver Herren, the CIO, and co-founder of Digitec said, “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development.”
Gideon Kimbrell, a software engineer and co-founder of InList, explained in an article yesterday Why The Cryptocurrency Space Is Stronger Than Ever. He started by explaining how Bitcoin took less than a decade to take off and peak at $20,000 in 2017. Its price has retracted for about 80% since, but it continues to be the most popular cryptocurrency and it is now a legitimate financial asset.
Kimbrell mentioned about the current bear market possibly lasting until 2019 but stated positively that cryptocurrency will be here to stay. He also gave three steps for investors and companies to reduce the risk despite the bear market:
Educate your team.
When crypto got popular, lots of people pose as knowledgeable and expert in the field when in fact, they may not yet fully understand the underlying technology that propels cryptocurrency as loads of people are still clueless about it. Kimbrell says it’s okay not to be an expert. But he suggests that be knowledgeable enough to know how to spot scams and take the time to read information on the real-world value of crypto together with its financial benefits and risks.
Let customers know you accept crypto.
Many people who have invested in Bitcoin or other cryptocurrencies for that matter, are of course looking for ways to spend it and maybe earn more from it. Kimbrell said, “If offering crypto payments to customers, trade it to fiat immediately in order to reduce risk, unless you're in it for the long haul. If you’re receiving payments in crypto, you should try to get your vendors to accept such payments, and cash out to fiat only the difference you can’t pay out in crypto.” This is to ensure that you maximize the benefits of cryptocurrencies such as faster and cheaper transactions.
Don’t consider an ICO at this point.
“There will always be investment scams, no matter the investment vehicle. There are still ICOs claiming to be STOs that haven't registered any exemptions with the SEC or another appropriate regulatory body,” said Kimbrell. He suggested companies like Polymath, Athena Blockchain, Securrency if you are looking to raise funds in crypto.
As Kimbrell said, inexperienced investors have bought the hype that mainstream media created for Bitcoin even though the crypto bubble was bursting. He pointed out how ironic it is that the same fraud experts who were calling bitcoin “the next big thing” in 2018 have now been asking if it is dead.
Infinito Wallet, a universal wallet or multi-currency wallet has recently released an update that will support EOS dApps in App Square, this according to Crypto Briefing on Saturday.
It is said that EOS might be the most restricted blockchain in the top ten and it is widely regarded as being less user-friendly, as account creation even requires technical sophistication. These complications could be solved with the help of Infinito Wallet. Infinito Wallet lessens the technicality when using EOS by giving user-friendly account services.
“[Y]ou can create an EOS account right inside Infinito App Square and never have to risk using obscure or even fraudulent services found online(….)Infinito team has added this service for users to be able to easily join the EOS ecosystem and benefit from all features of the EOS blockchain right inside the Universal Wallet.” explained Infinito Wallet in a press conference.
The incoming updates by Infinito Wallet will include allowing users to participate in an EOS voting and “seamless management of multiple portfolios across platforms”.
Infinito Wallet also mentioned in the press conference that the current dApps supported by their platform are: DEXOS, EOS Account Creator and PRA Candybox.
CryptoDice Referral Bonus is back! And it just got better! Now, the Referral Bonus has a multiplier that allows you to get more ETH as you bring more friends into the game! Here are the rules:
- Play CryptoDice and make sure you place a minimum bet of 0.03 ETH.
- Recommend CryptoDice to your friends! They should also place a minimum of bet of 0.03 ETH when they play.
- You need to refer 5 friends to get 0.1 ETH! Your next 10 referrals (disregarding your first five) will earn you 0.25 ETH. So the more you refer, the bigger you get! The Referral Bonus Chart is found below ↓.
- The multiplier system only works as a ladder. You must refer 5 friends first before you can refer 10 friends to get the bigger bonus.
- Collect your friends’ wallet addresses and send them to CryptoDice Community in Telegram along with your own wallet address so we can confirm that you and your friends played and placed the minimum bet required.
- Once your referrals are verified, you will be contacted through direct message to confirm your bonus.
- Bonus payouts will be given every Thursdays, 5AM Greenwich Mean Time (GMT). Make sure you send your referrals beforehand to give time for verification so you can get your bonus on the nearest Thursday!
Here are the rewards that you can get:
First 5 friends - 0.1 ETH
Next 10 friends - 0.25 ETH
Next 15 friends - 0.4 ETH
Next 20 friends - 0.55 ETH
*Note that you have to go through referring your first five friends before you can be eligible to get bigger rewards for your next 10 referrals, and so on!
Refer CryptoDice to your friends now! And don’t forget, the more, the merrier!
So what are you waiting for? Tell your friends about this awesome bonus! Join our community and help us reach people who love to play casino blockchain games!
Yesterday, there has been a smear campaign on Twitter against our game, CryptoDice. We would like to provide content and insight to lighten and clear things up on our end.
On March 14, 2019, there was a player named Holv3k who reported a bug in CryptoDice through our community in Telegram.
In his message, he stated, “I have a serious issue I just played CryptoDice for the first time in a long time. I bet on single dice 2, and a combination of two other bets. Two was rolled and my spot I had a bet on the bottom row of 2 was flashing as a win. But it said I lost. When I went to the record it says I bet on 4, I absolutely did not bet on 4. This is fraud”
We have quickly responded by contacting him through a direct message to be able to communicate with him properly and as respect to other people in the community who are currently engaged in our mini-game Best Dot Hopper. We have asked for the screenshot of his game records so we could counter check with the Etherscan transactions.
Upon investigation, we have detected that the game results were right as it was and his bets were a loss. He placed bets on Total __12, Two Dice Combinations 1&4 and Single Dice Bet __2 and the dice results were 5, 6, and 3. This means that his bets were far from a win. It also did not state in the record that he placed bets on number 4, which he previously claimed.
CryptoDice is powered by Ethereum smart contract where transactions are transparent and easily trackable. Blockchain as its underlying technology also ensures that results can never be tampered with or manipulated even by developers.
We, on the other hand, apologized for the inconvenience of the apparent glitch in the game where he claimed (but without a screenshot or any form of proof) that the number 2 dice flashed as a win when it was not supposed to. This may be traced from the system updates that we have launched in our site, but this is an isolated case and we have already fixed the issue at this point.
Bugs like these happen in games, which is why all games have technical support groups where people can raise their concerns and we are thankful because these feedbacks help us improve and make our game better.
When we brought this finding up to Holv3k, he was not happy about it and without further explanation, he shut us off and accused us of being fraudulent.
He even went on to Twitter and using his account Henk Holveck, he released some libelous statements against us by calling us “fraud” and encouraged his followers to report us. He posted several comments about us, some of which have now been deleted:
CryptoDice always ensures the integrity of our game. Results are always honest and all transactions are verifiable through Etherscan. We do not tolerate libelous acts and smear campaigns that would not do anything but put our brand, business, and integrity in jeopardy.
We thank everyone who supported our game from the beginning up to now. We would always do our best to keep improving and to bring you the best that we can offer.
The Block reported yesterday that Ripple’s Xpring is partnering with Forte, a blockchain gaming platform startup. Ripple will provide $100 million for funding and investing in blockchain gaming developers.
The startup Forte, led by Kevin Chou, was announced in February. Kevin Chou was formerly in charge of mobile gaming and esports at Kabam where some of Forte’s leaders also came from like Kent Wakeford and Weiwei Geng and VC Mahesh Vellanki. Other members of the leadership roster are also phenomenal like former GarageGames and Unity GM Brett Seyler.
"The microtransaction-driven game industry has matured and consolidated, and as a result innovation has grown stagnant. Blockchain technology offers new growth vectors and an opportunity to do things differently," said Chou at the launch of Forte.
What Forte is trying to aim at is to make building and launching of blockchain games easier for developers and to increase engagement post-launch. This partnership between Forte and Ripple comes alongside the competition for developer mindshare occurs between multiple blockchains like Tron, EOS, and Ethereum.
We are looking for the Best Dot Hopper! Do you think you can be the one?
Dot Hop, a game via GAMEE allows you to play using Telegram so you could share it with your friends, record your scores on a leaderboard and be competitive in a friendly way! But we got a friendly competition for you that could earn you real rewards!
For 12 days starting tomorrow, CryptoDice will give away 0.05 ETH to the Best Dot Hopper of each day! These are what you need to do:
- Join CryptoDice Community on Telegram
- On the group, type @gamee<space>dot<space>hop (do not click send) wait for the game to pop and click on Dot Hop
- Play Dot Hop
- Comment your wallet address on CryptoDice Community on Telegram
If you become the number one player of the day, 0.05 ETH will go straight to your wallet at 8 pm PST! So what are you waiting for? Join the telegram group, play Dot Hop and secure your place on the number one spot!
Jen Wieczner reported on Fortune yesterday that soon, investors will be able to buy stocks and even gold in the form of cryptocurrency just as how they could a Bitcoin or ETH.
This upcoming plan was introduced by Paxos, a firm based in New York that offers dollar-backed stablecoin and other Bitcoin trading services. The firm’s plan of launching cryptocurrencies that are backed by precious metals and publicly traded stocks is expected to instigate sometime in 2019. Six months ago, Paxos launched its stablecoin called Paxos Standard by tying cash reserves to a blockchain. Blockchain, as we all know is the underlying technology behind all cryptocurrency, a digital and decentralized public ledger for keeping encrypted records of transactions.
Paxos CEO Chad Cascarilla told Fortune that the company wants to take “any type of asset and put it into a blockchain” with the goal of moving assets and settling transactions efficiently quicker and more secure with lower fees. Cascarilla also ensured that this would be introduced “definitely this year.”
The obstacles that this plan is posing like breaking precious metals like gold to smaller portions and denominations and tokenizing them, transporting heavy quantities easily and lending assets more efficiently only bring new possibilities and potentials to problems that are physically difficult as of today.
Waiting for another promo from CryptoDice? Wait no more! We have just the right promo for you! No need to play games, no need to place bets! Joining is very easy!
So long as you have a twitter account, then your entry is already covered! You can be one of the fifteen lucky winners of 0.2 ETH! That’s fifteen lucky people, so you have a lot of chance to win!
To participate, just follow these easy steps:
- Follow @CryptoDice_ on Twitter
- Turn on notifications
- Like and retweet the Follow2Win post
- Comment your wallet address on the post
On March 29, 2019, fifteen random winners will be picked among the participants and you could be one of them! Winners will officially be posted on the same day on Twitter and the prize will automatically be sent to their wallet addresses!
So join now! Follow us and be a part of our growing community!
According to a headline in Coindesk yesterday, UK’s Financial Conduct Authority (FCA) in association with Kantar TNS recently conducted a survey and found out that seventy-three percent of UK consumers have no idea what a cryptocurrency is or are not able to give it definition. The survey also showed that out of 2,132 British consumers who were polled, the people who are most aware of cryptocurrencies are men aged 20-44.
Further results showed that only three percent of the total participants in the survey have bought cryptocurrencies and of those, half spent under $263 from their “disposable income.” Of the coins that the three percent of people bought, Bitcoin was the most popular, bought by fifty percent of them and thirty-four percent of them bought ETH.
Through qualitative research and interviews of UK consumers in association with London-based research agency Revealing Reality, FCA also found out that a lot of consumers may not have a full understanding of what they are buying, due to some results showing that several wanted to buy a “whole” coin, with no knowledge of cryptocurrencies’ capability to be bought and sold in fractions. FCA said, “Despite this lack of understanding, the cryptoasset owners interviewed were often looking for ways to ‘get rich quick’, citing friends, acquaintances and social media influencers as key motivations for buying cryptoassets.”
With regards to risk to investors, FCA concluded that the results suggest that “currently the overall scale of harm may not be as high as previously thought.”
After Bitcoin’s successful launch, it has prompted the creation of thousands of other cryptocurrencies and hence promoted the underlying technology which is blockchain. It is no wonder why people always associate cryptocurrency with blockchain and most often, people who know about this technology in a shallow perspective, think that the digital currencies are blockchain’s only possible application. But that is a big misconception. And European Pharmaceutical Review for one explained how blockchain technology could potentially support even a heavily regulated pharmaceutical supply chain.
“We believe blockchain will open up new opportunities for the industry to begin sharing data more securely,” says Dr. Steve Arlington, President of The Pistoia Alliance, a group who conducted a survey which found out that pharma is increasing interest in blockchain compared to previous year.
One big booster to blockchain being fully implemented in the supply chain was the regulation of the Drug Supply Chain Security Act (DSCSA) in 2013. It prescribes a set of compliance requirements for pharmaceutical supply chain participants over a 10-year period (2013-2023).
This is why Bob Celeste, founder of Centre for Supply Chain Studies and his colleagues felt the need to dig deep and look for the potentials of blockchain technology that may help the supply chain. Celeste said, “Hopefully the investment isn’t just about the regulations. It should be about improving patient safety, more efficient supply-chain processes and new business opportunities. I think this is where the industry sees a huge potential in (the) blockchain.”
Today, Celeste’s team is on their second study which pursues to be able to show the different blockchain solutions for pharma supply chain using the scenarios, processes, and information they have gathered in their first study.
Blockfi Interest Account (BIA), launched on March 4 by cryptocurrency-backed USD lending platform Blockfi, is now available to the public from being a private beta service. It allows account holders to save bitcoin core (BTC) and ether (ETH) for 6% annual interest that pays out in cryptocurrency monthly.
According to Bitcoin.com, Blockfi raised $52.5 million last July to get the company going, where Michael Novogratz’ company Galaxy Digital led the funding round. In August, the service was approved to operate in California. During its private beta days, the BIA program managed to attract $10 million worth of BTC and ETH. These were from retail, corporate and institutional investors.
Zac Prince, Blockfi CEO said on March 4th, “The launch of BIA is another significant step in Blockfi’s goal of becoming the go-to provider of financial services for crypto investors. Lending and borrowing are readily available at the institutional level, and we’re excited to leverage our relationships and capital markets expertise to provide utility and yield on digital assets for all crypto investors.”
The company happily announced that the service is available to customers worldwide. Blockfi also mentioned that digital assets are held by the Gemini Trust Company in New York.
Apart from being a big break for cryptocurrencies, this service opens more potential possibilities for blockchain and crypto enthusiasts to dive into and eventually enjoy.
Check out Blockfi here: https://blockfi.com/
Read the news from Bitcoin.com: https://news.bitcoin.com/blockfi-launches-interest-bearing-savings-accounts-for-cryptocurrencies/
Today, there are a lot of people using cryptocurrencies compared to when it first started. More and more are also recognizing their potentials and understanding what they really are. But knowing something is far from actually using it.
This may be because people acknowledging something’s existence does not mean they accept it. If investors want mass adoption, cryptocurrencies must be socially accepted by people, as implied in a recent Forbes article by Darryn Pollock.
Pollock said that aside from being complicated, cryptocurrencies’ definition is also still very fluid. According to him, these are the things that need to be addressed before people expect a “new wave” of adoption. He compared cryptocurrencies’ social acceptance to how people accept social media, citing that when Facebook started, it was also faced with obstacles such as obscurity.
Cryptocurrencies have also had a hard time looking for their direction, as Pollock said. All cryptocurrencies are trying to do different things and having a lot of iterations. If it only could become more directed and focused, the structures surrounding it could hopefully pattern and follow the social media blueprint and eventually achieve its most awaited mass adoption.
Do you have a fresh dapp that you want to show to the world? Are you new to the scene and don’t know how to promote your dapp for everyone to see? All you have to do is upload your dapp to dapplisting sites so people in the dapp community could be aware of your dapp’s existence!
Great news, Dappsite has got your back!
Of the numerous dapplisting sites out there, Dappsite welcomes dapps of all categories to be listed and promoted in their site! All you have to do is visit their website and click “Submit your Dapp”.
You must create your account so you can easily log in should you need alteration on your dapp information. Provide a username, password, and a valid email address. Provide the details of your dapp and upload its logo and website photos, and click submit!
Dappsite also has a Telegram community where you can join and participate in conversations about dapps and blockchain and crypto related news and forecasts. You may also follow Dappsite on Twitter to be on the loop of news, events, promos, and giveaways!
Should you have questions on how to submit your dapps, you may contact Dappsite through Telegram where the admins will be very happy to help! So upload your dapps now and be a part of the growing Dappsite Community!
Visit Dappsite: https://dappsite.com/
Upload you Dapps: https://dappsite.com/?controller=dapp&action=up
Follow Dappsite on Twitter: https://twitter.com/Dappsite0
Join Dappsite Community: https://t.me/Dappsite_Community
Rumors of Facebook launching a cryptocurrency is becoming more and more clear. CoinDesk recently released an article about Facebook’s plans of launching a cryptocurrency project in the first half of 2019 or at least this is what they expect.
The said Facebook project is projected to be the most high profile after it was marked as a stablecoin in the past for its WhatsApp messaging service. An anonymous source confirmed to CoinDesk that Facebook is indeed working on a stablecoin project. According to the source, this is based on previous Menlo Park company meetings.
CoinDesk mentioned that Facebook has been buffing its blockchain team in the past few months with a hiring push and at least one talent-minded acquisition. Right now, the company is looking for employees to fill 20 blockchain-related positions and 50 of Facebook engineers are focused solely on the company’s blockchain project.
It was also previously reported that Facebook is planning to integrate Messenger, WhatsApp, and Instagram messaging services users.
If this project comes to life, it will not only benefit the Facebook company but will also benefit the blockchain technology by giving yet another light to its features and capacities in general. It could potentially open a greater reach for blockchain’s mass adoption by providing ideas for other companies to use the technology as well.
Sam Wouters of GrowthTriber Academy recently wrote a “down-to-earth” analysis of blockchain trends in 2019 that will affect the business sector. He listed 8 of these business trends and we’re going to quickly go over each one of them!
More Digital Asset Services by financial institutions
This has already started in 2018 but according to Wouters, it will continue in 2019. As others look for new blockchain uses, some are using the present applications of blockchain and are simply maximizing their features. As people realize that cryptocurrencies are to stay, even though they might think at first that managing their own assets are scary, the future is going there. This is why more digital assets are expected to be made this year, also expecting people to conform to utilizing it.
We all know that blockchain is all about transparency and since it is a public ledger, everyone is able to see the transactions made by everyone who uses the same system. That is called an Open Blockchain. Wouters believed that to improve privacy, Permissioned Blockchain where only select have access, will be the trend to be used by companies who don’t want their competitors to know what they are adding up in the blockchain.
Better scalability and more micropayments
One of the first step taken to solve problems of high demands bigger than the capacity of networks was the release of Lightning Network on Bitcoin. This enabled users to route small payments to each other and in 2019, Wouters said that this would be a trend and will become more user-friendly.
Existing Blockchain projects will get their USP tested
According to Wouters, blockchain projects will realize that people can do all of their transactions and payments with just on cryptocurrency, not needing separate tokens for each of their transactions like paying the dentist or sending micropayments to content creators. “As a result, some of these companies are already getting hurt as they fail to keep investors interested in single-purpose currencies.”
More timestamping use cases
We all know that blockchain uses time-stamping that makes it impossible to tamper. And this is expected to be carried out in businesses as well. Aside from being tamper-resistant, this also makes for incredible security, transparency, and easier tracking.
Data on the impact of the “Oracle problem” on supply chain solutions
As Wouters explained, the problem with using blockchain in people’s daily lives is that blockchain does not know what is happening in the real world, hence it needs an “Oracle” to tell it the truth. “This means that someone needs to link physical objects to digital assets on a Blockchain, which makes this person a weak and corruptible link in the system.” This might take time as there would be a lot of challenges that need to be solved in making it work which large companies are experimenting on right now.
Tokenisation in Real Estate
The real-estate market is not yet available to small investors right now but is starting to be implemented nevertheless. It will become easier and quicker for groups of people to invest and exchange ownership of a certain property if shares in real-estate could be put in the blockchain.
Advances in Decentralised Identity
Because of the threats of hacking, there has been a great desire for a digital identity which would allow users to control who gets access to specific data. Wouters said that this would not appeal to everyone even to cryptocurrencies, but developing an alternative is great as it would give people a choice.
Concluding, Wouters said that they are expecting more unexpected but interesting “Black Swan” moments that will surely surprise us all this 2019. Check out Wouter’s article to read the full version of his analysis for blockchain business trends in 2019!
Wouter’s Full Analysis: