To B(lockchain) or Not to B(lockchain)

2019 seems to be a quiet year for cryptocurrencies as there is still uncertainty in the market. Several prominent people and institutions though seem to support the idea that crypto and blockchain will prevail by instead having a quiet year, emphasizing on development of the technology and its applications.

It seems this is indeed the case, as there have been several news about the use of blockchain technology in projects in the last week. Most prominent one is the announcement of a blockchain based solution to track cobalt supplies coming from the Democratic Republic of Congo, a co-operation between companies like IBM (who provides the blockchain platform) and Ford.

The World Economic Forum (WEF) is also discussing a blockchain solution to be used for the tracking of food with a similar initiative from World Wildlife Fund-Australia (WWF- Australia).

Joining the blockchain development and adoption recently, comes UPS which unveiled an investment and partnership with Inxeption, a B2B Blockchain Firm. While details about this deal have not emerged it is safe to assume that the UPS Strategic Enterprise Fund will try to use blockchain to improve areas of the company’s operations like supply chain management.

How and if blockchain adoption will have an impact on the financial side of crypto remains to be seen, but the technology is here to stay and evolve.

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