7 Reasons Why Blockchain Will Explode Next Year

[Chronobank]

Blockchain is the form of technology and data structure that underlies the digital currency, Bitcoin. It is the ability to conduct transactions without a trusted third party and originated in early 2008. In other words, it is a large ledger that keeps a record of Bitcoin transactions.

As financial institutions and corporates face increasing challenges in data management, regulation and security, Blockchain has begun to emerge as the solution to verify transactions on a central network that excludes authority.

1. Better Regulation
Banking regulations have hindered the activities of European and American financial institutions since their rise to dominance. Blockchain acts with no trusted third party and therefore provides a more efficient process than investment bankers can offer. Regulators are showing an increasing interest in the activities of blockchain businesses and can provide real-time monitoring and financial advisory.

Since the introduction of BitLicenses, two have been awarded to Ripple Labs and Circle Internet Financial. This could also provide benefits to compliance departments as blockchain draws upon many data sources.

http://themarketmogul.com/8-reasons-blockchain-will-explode-next-year/

[Wind_FURY]

When the mainstream companies start getting involved with blockchain technology you would almost know that most of what they will come out with will be snake oil and based on hype. We already have started seeing blockchain "experts" claiming that the blockchain will revolutionize everything then proceed to sell you whatever wares they are selling. Imagine if the banks get in on this.

[~Bitcoin~]

Gone though your article and found that info are quite in detail. By now many companies and indivisuals have already realizes the potential of bitcoin/blockchain tech as well as blockchain tech is expandable so that different possibilities can be added into it making it usable in many real life applications. Smart contracts and decentralize storage platform based on blockchain may become profitable idea in future.

[pedrog]

When the mainstream companies start getting involved with blockchain technology you would almost know that most of what they will come out with will be snake oil and based on hype. We already have started seeing blockchain "experts" claiming that the blockchain will revolutionize everything then proceed to sell you whatever wares they are selling. Imagine if the banks get in on this.

It's been like that for a while, "non-mainstream" companies have already scammed millions from this community.

[HeroCat]

Bitcoin have stable users group, and fast development in next year can be if there will be strong demand for BTC. Stable users group rarely develop fast, so the only reason for fast developing can be demand from outside of BTC users group. 

[Financial_Genius]

The economy is also supported Bitcoin trading and arbitrage robots that work on Chinese exchanges and post huge volumes of transactions. Bots can perform thousands of transactions absolutely free. Complex programs that compare prices between exchanges, act as a means of confirmation of prices for the entire industry. Set bots on each of the major Chinese exchanges may participate in any auction that supports the price at a certain level, they can keep the price on other exchanges. This may explain the trend towards a more stable price for Bitcoin lately.

[pooya87]

i don't get what your topic has anything to do with bitcoin and what it has to do with "economics" board.

you are talking about "Blockchain" not bitcoin. and all you say here is indicating the interest that many of financial institutes have been showing towards the "technology" itself and the only thing that this will bring will be alternative blockchains (altcoins) which are centralized to their own banking or financial system (internal).