If you’re in the tech industry, you’ve probably heard the terms “cryptocurrency” (i.e. Bitcoin, Ethereum, Litecoin, Ripple) and “Blockchain” this year. Do those terms sound new and intimidating? A lot of people think so. You can learn about cryptocurrency here: cryptocurrency explained and blockchain explained. The question is, where does it go from here?
In terms of cryptocurrency, Bitcoin will continue to be the dominant digital asset in the market place. It’s meteoric rise to $20,000.00 has tapered a bit, but don’t expect Bitcoin to disappear in 2018. For the tech crowd, it may be Blockchain that has more of a long-term disruptive impact.
Shares of UPS jumped .3 percent on news that the company had launched an initiative to adopt Blockchain technology to manage its trillion dollar shipping business’ logistics system. UPS to transition to Blockchain. Salesforce’s Chief Digital Analyst and HuffPost contributor Vala Afshar believes “Blockchain will disrupt every industry. HuffPost article.
It’s too early to tell if Afshar is clairvoyant, crazy, or somewhere in between. But with the hype and buzz surrounding this nascent technological phenomenon, expect to hear more about it in 2018.