Bitcoin Cryptocurrency and Blockchain Stand this 2016
What the future holds for bitcoin cryptocurrency and blockchain?
It is very common all around the globe to reflect what had happened in the previous year and months as we entered the Mid-Year. After we have figured out what had gone wrong and what is doing well in our lives, relationships and business, we are now prepared to plan for Mid-Year 2016. Bitcoin cryptocurrency and blockchain are the buzz in 2015 and today, let’s think of what the future holds for these technologies? How can Bitcoin cryptocurrency and blockchain help us in our lives in a long run? Is it going to take its new heights this year or it will be just a memory of 2015? Is it a safe investment? Is it practical to use Bitcoin cryptocurrency and blockchain?
There are many questions that concerns around these technologies for they are still considered as a baby in the industry. Even though this is the case, many investors and companies already spent millions of dollars from the beginning of its adoption.
Some of the companies who had success, built a foundation for the business. They know how important the foundation is in any businesses. Without foundation everything will fall down. We will mention these companies who created success by bitcoin cryptocurrency and blockchain in the last part of the article. The question now after building a foundation is what’s next?
What’s next to Bitcoin cryptocurrency and blockchain for the companies and investors?
We all know that building a foundation is the beginning, however, a great builder also know that it takes time to put on another block in the foundation after it has created. It takes time to heal and to be strong enough to hold another building on top of it. This is where all things become uncomfortable.
Being practical is what’s next for bitcoin cryptocurrency and blockchain investors. Sure, you want to incorporate everything with bitcoin. You want to put everything in the blockchain but it is too overwhelming to hold too much, especially it is just founded. What is practical is problem solving. Any good businessman knows that the secret to success is giving solutions to the real-world problems.
Many believe that having everything in the blockchain will solve all the problems bitcoin cryptocurrency will be facing in the future. This is not always the case. To have continued success we must be honest about what blockchain is and what it can do for the business.
Blockchain is a database where are the transactions with cryptocurrencies has been recorded. There will be problems that will arise in the future. People in the industry should study and be aware on what blockchain can hold and what it cannot.
People in the industry should be disciplined and companies and investors should look into this. This is a challenge for them. They should create a system to discipline everyone with every transaction. They must foresee what the ledger can’t do and find solutions before it’s too late.
This year is the perfect time to plan ahead and to build what it should be that will be fruitful for everybody. To find the solution, you must find the problem first. Study the struggles of the previous year. Hear the people’s concern then make a plan.
Companies who created success with bitcoin cryptocurrency and blockchain
Blockcypher – this company is Amazon’s blockchain tech web services. This company has full suite tools where you can create a private blockchain solutions easily because early on they already create versatility which started with bitcoin, dogecoin and litecoin cryptocurrencies.
BitGo and Coinbase – these are Bitcoin’s first national banks. They are now expanding to be the world’s FX and bitcoin banks. They provide the foundations for the developers where they can construct any kind of heavy transaction applications.
Zapchain – this company on the other hand gets the all the benefits of the simple API Coinbase give for re-imagine social communities’ tipping.
Chain and Blockstack.io – these companies focused on private blockchains and interaction tools to communicate with them.
R3 – this creates a base for significant incumbents’ engagement by getting a bit of mindshare at some of the world’s largest banks.
This year is very promising for all us in the industry. It is time to move forward and start solving problems for the prosperity bitcoin cryptocurrency and blockchain industry.