5 Massive Blockchain Projects We Expect In 2018

As we said in a couple of blog posts before, 2017 was a big year for blockchain. The technology was adopted in a lot of projects and a lot of players have been making moves in blockchain. In addition to the adoption by Microsoft and IBM, Oracle announced that a new cloud-based blockchain offering is coming, while SAP has already opened up early access to its own version of the offering in May.

Below, we are listing some of the best blockchain projects that are coming to us this year.

 

1.Asia and the Middle East pushing blockchain to the public

First on the list is the interest about blockchain that comes in the Middle East community. Asia is leading the scene and banks in Japan and South Korea have just begun testing the blockchain technology that could achieve same-day international transfers.

 

2.Cybersecurity to amplify blockchain adoption

The increase in ransomware attacks demanding cryptocurrencies has made blockchain and IoT cybersecurity emerge. Presently, defenses are based on crypto technologies and this may also be the next big thing in blockchain.

 

3.ICOs about to take off

The seismic jump in ICOs in 2017 has made the ecosystem expand in a huge way. Experts believe that next year, the pace of ICOs will grow faster and will overtake venture capital funding.

 

4.Blockchain adoption in finance and insurance

These two sectors are two of the most likely to experience deep and threatening disruption from the blockchain technology.

 

5. Automation, privatization

Many believe that blockchain will drive digital transformation on the enterprise with the digitization of processes as well as tokenization of physical assets and activities.

 

These are only some of the examples of the type of adoption and validity that we expected to see in 2017. However, even these developments can be considered as scratching the future of possibilities.