Future
The year 2017 is predicted to be the year when blockchain technology is implemented in real-world production environments and move from the Proof of concept and theoretical stage of previous years. There are few careful predictions being made in the section that are based on the current advancement and speed of progress in the concerned field. All of these predictions are likely to come true between the years 2020 and 2050:
- The IoT will run on multiple blockchains and will give rise to an M2M economy.
- Medical records will be shared securely while preserving the privacy of patients between various private blockchains run by consortia of health providers. It may well be a single private blockchain shared among all service providers.
- Elections will be held via decentralized web applications with a backend of blockchains in a transparent and secure manner.
- Financial institutions will be running many private blockchains to share data between participants and for internal processes.
- Financial...
