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For blockchain and its products, the last year has been one of dramatic momentum swings. Cryptocurrencies have been lauded one minute and pilloried the next; on the verge of apparent breakthroughs and then presented with major stumbling blocks. Notably, Facebook appeared to be closing on a major landgrab with the planned launch of its Libra coin, before a torrent of criticism saw several key partners, including payment behemoths Visa and Mastercard, back out of the project. While the Chinese Government, which had banned crypto exchanges in 2017, has recently given indications that it wishes to embrace blockchain and perhaps even launch a state cryptocurrency. Perceptions of blockchain have been swinging back and forth almost as violently as Bitcoin’s market value.

This confusion is not entirely random. In fact it tells us something about the direction of a market that is currently tiny in terms of capital flows, but potentially massive when viewed through the lens of future potential. Seen as a whole, the last year has been one of growing pains for blockchain and cryptocurrency. More specifically, it has been the year when we started to see the imprint of a catalyst that will be essential to the industry’s future: institutionalisation.

(Excerpt) Read more Here | 2020-02-20 11:30:00


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