Blockchain technology is quickly becoming an essential part of many businesses and institutions’ key operations. According to Moody’s, a United States-based business and financial services company, there is a very high chance that blockchain tech will be standardized by 2021.
The report from Moody’s was publish last week and it highlighted that blockchain standardization will most likely be established in the industry in 2 years. Moody’s also claims that as the technology develops further, cost reduction, automation, data availability and time-saving would be the inevitable results.
Blockchain standardization would also result in a lot of the technology’s benefits being accessible for security purposes. The interoperability across systems and various market participants would be improved while simultaneously reducing counterparty concentration and the possible operational and regulatory risks which blockchain-dependent transactions currently face.
Where is the push for Blockchain Standardization coming from?
Many people have wondered if there’s a mass industrial push behind the entire ordeal. The announcement claims however, that the initiative is almost entirely driven by the International Organization for Standardization.
As the current situation stands, there is a clear lack of standardization and interoperability which limits the operational efficiency gains and greenlights the many potential risks.
There is also a noticeable movement in many different industries and government sectors regarding blockchain tech. There seems to be a ridiculously high demand for software engineers with blockchain development skills recently.
Many universities have noticed the trend and seem to be opening more and more courses related to blockchain technology. Ripple’s head of social impact Ken Weber, recently stated that there is a urgent need for a drastic increase of blockchain education.
Amazon seems to also recognize the potential of blockchain technology as it’s investing heavily in blockchain advertisements.
You can also check out:

SmileDirectClub Shares Go Down 28% below Their IPO Price
Friday September 13, 2019

Coinspeaker SmileDirectClub Shares Go Down 28% below Their IPO PriceOnline dentistry company SmileDirectClub shares fell by huge 28% yesterday and it was pretty much the worst market debut for one unicorn start-up so far this year.The company’s shares closed at $16.67 after they have opened at $20.55. SmileDirectClub classifies as the fifth-worst debut of the […]

The post SmileDirectClub Shares Go Down 28% below Their IPO Price appeared first on 12bit trade.

Bitcoin Bug: New Flaw in the Network Could have Demolished Bitcoin’s Price
Gods Unchained: First Steps Into Blockchain Gaming
Derivatives Market: Huobi Derivatives Market Passed $21 Billion in Trades
Investments and Speculation: 90% of Bitcoin’s Total Use


Thursday January 01, 1970

The post Blockchain Standardization is Expected Before 2022 appeared first on CoinStaker | Bitcoin News.

Rex Burkhead Building, Inspiring Confidence For Patriots In Return From IR
Friday December 14, 2018

FOXBORO, Mass. — Bill Belichick and Tom Brady both used the same word Friday to describe what Rex Burkhead has brought to the New England Patriots since his return from injured reserve two weeks ago: Confidence. Belichick, who made the decision to place Burkhead on IR after he suffered a neck injury in Week 3, […]

The post Rex Burkhead Building, Inspiring Confidence For Patriots In Return From IR appeared first on 12bet - Bet365.