The Most Promising Blockchain Innovations in 2018

By CIOReview | Monday, November 13, 2017
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Since its introduction into the marketplace, blockchain has made a remarkable impact in securing the digital assets. Today, the system has powered over 100 million transactions, while empowering users across 140 countries around the globe. Blockchain has evolved as a revolutionary solution, which could reshape the modern society in innumerable ways. Take a look at some of the most promising blockchain innovations that are about to hit the market in 2018.

Data Mining and Advertising

Organizations including startups are widely seeking to solve the digital advertising problems via blockchain based solutions. BitClave is in the stage of developing an innovative economy around sales and purchase of individual retail data. These new innovations will enable people to receive small token rebates for making purchases after receiving the advertisement.

Managing Identity

In today’s virtual world, the role of identity management is significant. Estonia has begun a digital citizenship program. Over time, organizations in need of identifications will have a new form of an encrypted database. The new database will also be decentralized, moreover with features including restricted modification without proper user rights. The new shift to crypto-based identification would be a new revolution. These kinds of renovations will give new identity governance systems.  

Taxation

Methods by chainalysis now enable fiat regulators as well as government bodies to monitor and identify the bitcoin arena. Moving to a cashless society, government agencies also relay on blockchain technology to deal with tax malpractices.