Investments made into blockchain and cryptocurrencies often differ. Most cryptocurrencies are associated with a blockchain. However, an increasing number of blockchain projects are undertaken by private companies that don’t need cryptocurrencies. Shervin Pishevar foresaw the lull in the cryptocurrency market. He also predicted that it would grow amidst renewed enthusiasm and a more mature market.
A Bit of History
The cryptocurrencies that Shervin Pishevar discussed where that of the brief ICO craze. Many of these projects were simply attempting to obtain a piece of the massive influx of capital into a market driven by Bitcoin. Since those few months at the end of 2017, the cryptocurrency market has seen increased regulation and more careful investments. There are now many less scams in the crypto market. People out to make a quick buck are looking elsewhere. Individuals and organization who believe and/or love crypto tech have remained.
Part of the message that Shervin Pishevar hoped to convey was that crypto has its place in the online world. What few knew at the time was that blockchain technology has significant advantages for private companies. Since private companies will be conducting transactions internally, they do not need to monetize their data with a currency. Blockchain technology represents a revolution in data management, efficiency, and dynamic logistical applications. It is expected to change the world and be paired with the deep machine learning data requirements of artificial intelligence. Organizations are already exploring how machine learning and blockchain can improve operations through logistical applications.
The statements made by Shervin Pishevar remain relevant today even in a vastly different crypto market. It is still driven by Bitcoin, but the industry is much more diversified. The rise of centralized blockchains is quite impressive. What is surprising about private blockchain projects is that there are so many of them. And blockchain’s popularity does not seem to be waning any time in the near future.
Cryptocurrencies and decentralized public blockchains still represent a neutral environment to secure digital transactions. As predicted, they still have a bright future.