A recent Forbes article shows a great perspective on the blockchain implementation and is featured in our latest cryptocurrency news for its positive outlook towards the technology that underlies all of the cryptocurrencies.
The technology which also makes the foundation of the cryptocurrency known as Bitcoin is experiencing a widespread use in retail and is continuously making strides in its use in business applications, as Forbes describes it.
However, what is more notable is the blockchain implementation and the actual evolution of the technology. As Forbes says, “there have been some interesting new developments beyond these fundamentals that anyone who cares about blockchain in retail ought to pay attention to,” mostly referring to the expansion of cryptocurrencies, the craze around initial coin offerings (ICOs) as well as the new trend with initial equity offerings (IEOs) or security token offerings (STOs).
All of these trends have pushed the blockchain implementation to a new level, where retailers need to pay attention to developments in cryptocurrencies because they have to be able and willing to take payment from consumers however they want to pay.
“ICO’s should hopefully be becoming a thing of the past, as buying into a coin to access a market that hasn’t been built yet is about the most optimistic (and exposed to exploitation) as you can probably get. In retail, these most often manifest as loyalty program schemes that base their loyalty rewards off of coins or tokens that retailers would use to reward consumers,” the article mentions.
On the flip side, IEOs “at least have real and tangible securities behind them,” the article inspired by many best cryptocurrency news sites and topics shows. This, in turn shows that they are more stable in value over time.
All of this shows that the blockchain implementation is maturing just like the use of blockchain in business. In fact, there are a lot of blockchain-based business applications which are offered by solution providers – and a lot has changed – which is why blockchain application maturity is an indefinite spectrum.
As the altcoin news show, the ICO models and new blockchains all contribute to the trend, indicating that everything is possible and that blockchain is always one step ahead of the future.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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