The blockchain and cryptocurrency world has been on quite the rollercoaster ride in the last twelve months. Bitcoin (BTC) alone climbed in value from $1,110 in early February of 2017 to over $18,000 mid-December, and today sits at around $7,000 and change as of this publishing date. Meanwhile, you can’t swing a cat (figuratively, of course) and not hit a blockchain or crypto-related meetup or conference being held in cities across the globe.
The string of continuity throughout the blockchain community as a whole is the potential for the architecture to transform nearly every market sector. Those who are the real deal, so to speak, hold a long-game approach to the development of services and products that solve problems and improve business ecosystems, as opposed to short-term money grabs, fake ICOs, and rip-off schemes.
Despite news of countries like India and banks like Lloyds banning certain crypto coins like BTC, the future for blockchain looks very bright.
At SXSW this year, the programming focused on blockchain has expanded as those who are influencing the direction this technology is headed has grown, with new companies sprouting up that are changing operations in numerous verticals for the better.