What does the Blockchain mean in 2017？

For the digital assets and blockchain technology, what changes will be taken in 2017? As the news said, Glodman Sachs has dropped out the R3 Blockchain alliance, and many people guess that the Bitcoin which is based on Blockchain will be about to move toward end.

So, all these doubts are reasonable?  Are digital currencies generally facing and end as we thought?

Absolutely impossible!——Although we can be sure there will be some changes in the whole ecosystem in the future.

Let’s consider such question: when British exited from Europe in 2016, most people think the pound may tumble overnight. However, the value of Bitcoin is improved, the same in American election and the plunged stock market. The two event is just a coincidence? I don’t think so. All these data point are related to the safety of digital assets, with borderless and frictionless. So we can learn that Bitcoin make no allowance for the global risk.

Looking back over the past year, the Blockchain start-up enterprises has gained $1 billion dollars in the first quarter of 2016 and $429 million dollars in the first three quarters, but these investments are gradually withdrew from now on.  Compared with 2015, the trading activity has declined by 16% and the total financing has reduced by 7%. We also can find that other potential changes have impacted on the market. For example, Circle announced that their digital wallet can not support for the Bitcoin trading any more.

Is this meaning for the beginning of Bitcoin to the end?

Not entirely. Actually, when the technology can solve the key innovation on the financial system, all these guess is reasonable.  Or based on the frame of Gartner Hype Cycle, Bitcoin has reached the peak of inflated expectations. All the successful cases will accompanied by the failure cases. Some companies will take action but some won’t. Other ways, public pay less attention to Blockchain due to the valueless test and implementation of Blockchain. During this period, many companies failed and withdrew the market, and other alive companies will continue to succeed in the market and make great use of the investors’ money.

In my personal view, great changes will be taken in the future market. Blockchain will facing the innovation on the basic level and build an excellent system.  Just for the blockchain technology, it will still play an important role in 2017.

Company Website：https://www.baoquan.com/en/

Contact E-mail：js@baoquan.com