10 Jul 5 blockchain technologies to watch in 2019
2018 was a deflating year for cryptocurrencies.
From an all time high of USD$20,000 Bitcoin crashed to nearly $3,000 and a lot of people lost a lot of money.
The Winklevoss brothers reputedly lost $1.6bn between January and December 2018 (Bitcoins biggest loosers).
Yet, after all the hype and frenzied trading, there are still some really valuable blockchain technologies outside of Bitcoin that are doing amazing things.
What’s the difference between Blockchain & Cryptocurrency?
Blockchain is the technology that supports the distributed ledger which is the network that allows people, companies and things to transact. It also enables the transfer of value and information.
Cryptocurrencies are the tokens you use to interact with the blockchain and these are what were so fervently traded in 2017/2018 (USD$48bn was traded daily!)
The main distinction is that the value of Blockchain is in the technology itself.
Here are our picks for the top 5 Blockchain technologies to watch in 2019:
NIX provides a platform that has cross-chain compatibility with a highly secure, yet optional privacy protocol. In short, you will be able to exchange any crypto for any other crypto via NIX and choose whether the transaction is anonymous or not.
The benefit is amazing; there’s no reliance on centralised exchanges as their DEX manager promotes fully private atomic swaps, avoiding the need to use (and thus pay) a 3rd party exchange. Imagine that! A free, instant and private currency exchange!
Everyone has experienced the fragility of the logistics industry at some point in their life. The advent of online shopping has seen an exponential increase in the number of deliveries being made daily around the globe. Parcels get delayed, damaged or lost all the time.
The focus of SHIPCHAIN is on providing a blockchain platform that accurately tracks and traces parcels from start to finish. The benefit is that the blockchain provides a transparent, trusted and immutable record of what’s actually happening. Whilst this won’t solve the problems of late deliveries, it levels the playing field for the consumer by giving them the right information at the right time.
Genesis Vision is a trading marketplace that brings together inexperienced investors with professional brokers, traders and investors.
Of course, this is nothing new, however, the added ingredient for GVT is transparency. Lack of trust and centralised control was what fueled the creation of blockchain technology. These guys have gone full circle by providing a trading platform that is open, transparent and decentralised.
Nano is a peer-to-peer payment platform that provides instant transactions with no fees. It’s also lightening fast. To be fair, Nano had a tough time last year when someone stole about 17 million from an exchange and there’s a few law suites keeping them busy at the moment.
But that hasn’t stopped the technology evolving. You can download one of their wallets to any device and starting spending your Nano. Here’s my address if you’re feeling generous: nano_1rupr6pgm8brgsazgr6811kdcnt6ftyryxsi34t4c491jcs9efr94o453nh7
If Etherium was Bitcoin 2.0 then Tezos is definitely Bitcoin 3.0!
Tezos has incorporated all the learnings from their predecessors and take security and governance of blockchain technology to the next level. It’s key features are that it uses Proof-of-Stake, has On-Chain Governance and most importantly it’s stakeholders govern the protocol and implementation of future innovations.
Our bonus pick:
The essence of BEAT is fitness. It allows consumers to create a complete record of their health and fitness data which can be connected to and shared with other people and organisations.
Now, this may sound a little ‘Big brother’ however, privacy is a main aspect of their technology. In essence, the consumer chooses what data to share with who and then they get rewarded for doing so. On the flip side, industry gets access to potentially billions of rows of data on the health and fitness of consumers. Win, win?
Our top 5 (or 6) picks are based on our views only and we would strongly recommend you DO NOT use this information to base any decisions on.
There are thousands of other projects out there that do all sorts of amazing and impressive things. There are also some that do absolutely nothing, like this one: Useless Etherum Token (https://uetoken.com/) which highlights how crazy the world of crypto can be.
If you are considering ‘investing’ in blockchain we’d suggest you do a lot of homework beforehand.