In recent years blockchain markets have experienced gradual and sustained growth. That was, however, until a distinct and sizeable shift in focus and usability. The result? Recently forecast global market value points to an unimaginable year on year growth for the industry.
BLOCKCHAIN MARKETS ARE GOING TO INFINITY AND BEYOND
Back in 2016, the worldwide blockchain technology market was worth $210.2 million, the following year, $339.5 million. A small rise but a rise nonetheless. In the world’s current economic climate many, markets and industries are crying out for a $129.3 million or 62% year on year increase.
The year on year growth does not end there either. 2018 sees a similar increase at $548.2 million. However, it is the projected worldwide market value for 2021 that makes for incredibly exciting reading. The 2017 report carried out by Statista estimates that in 2021 the market will be worth approximately $2.312b. Compared to 2016, 2021’s figures are over 1000% higher in just five years. That isn’t only an exponential rise; it is in a league of its own.
WHY HAS GROWTH BEEN SLOW UP TO THIS POINT?
One of the most significant drawbacks of blockchain technology uptake is the ability to integrate it into current systems easily. Even in business sectors that would benefit substantially from the encrypted and secure algorithms at the heart of blockchains, the technology needs to be financially viable for them to adopt it.
The volatility of the blockchain market is also a significant blocker for many new companies choosing to invest in blockchain-based technology. However, as more companies incorporate the technology, the cycle of increased stability in token value becomes self-fulfilling. More users mean more participation in a network which in turn drives the steady and sustained value of a cryptocurrency, fewer users mean more volatility. In the case of blockchain technology, success very much breeds success.
WHAT DOES THE FUTURE OF BLOCKCHAIN TECHNOLOGY LOOK LIKE?
Those disadvantages are slowly becoming drawbacks of the past as blockchain networks like Rebellious offer a means of tailoring the technology to suit businesses, rather than companies having to adapt their structure to suit blockchains. With blockchain investment growing and integration occurring in the financial sector, it should come as no surprise that the industry has been forecast to experience a hugely substantial rise in total market value.
Mainstream adoption is at the very core of the business model behind Rebellious and our revolutionary blockchain network. As we have previously mentioned, companies would have to change or alter internal systems or process to be able to integrate a blockchain network into their ways of working. The cost, expertise and overall financial gains never married up and as such widespread use has faltered. Unless, of course, you could make the technology accessible.
HOW DOES REBELLIOUS PLAY A PART?
You would need to be capable of developing a proof of stake blockchain that acted as a decentralised network with a master chain. Feeding into that master chain would be a series of client chains, each one programmable to the needs of the company or business that has facilitated its use. Then, rather than having a token with a global value, that may mean nothing to your business, the role the token plays could also be customised.
The purpose of a blockchain is to encourage users to participate, back to the point about user numbers strengthening how a blockchain operates. If you had the option to redefine what the token represents, be it a casino chip, voucher, stamp or coupon that would mean that that token, and the blockchain network could be tailored to the business, not the other way around. With Rebellious, the concept of operating in such a way is no longer an idea; it is a reality. That is precisely what we offer, control over your own fully customizable client blockchain and crypto utility token.
REDEFINING THE USABILITY OF BLOCKCHAIN NETWORKS
Full and unending support for blockchain technologies still requires more than customisation options. The technology remains new and emerging, and as such, many businesses will be unable to provide the necessary technical support, however, Rebellious has this aspect covered. Integrated end to end service ensures the network continues to stay updated, relevant and further builds synergy between the business and their blockchain community.
Able to offer this level of functionality at a local level, overcomes the second biggest drawback to cryptocurrencies; their volatility and vulnerability to external factors. All it takes is a major news publication to publish an article criticising Bitcoin, and the token value drops as a result. The same effect can be seen replicated across the cryptocurrency industry. By having the value and relevancy of the token defined by the company using it, external factors are of little significance.
With diverse and highly useful features becoming an integral part of blockchain technology, it is easy to understand how this growing market has been forecast beyond many users wildest dreams. The only question that remains is will you take advantage and adopt blockchain networks like Rebellious for your own business?