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How Blockchain Technology will revolutionize the World In 2019

Cryptocurrency is dominating the Blockchain technology and promises to create a world with virtual money that is decentralized and free from the control of central authorities like banks or governments. Blockchain technology has successfully boosted the efficiency and reduced the cost by creating private and permission blockchains. Blythe Master, a former executive of Digital asset holdings, has decided to validate the transactions at the Australian stock exchange. Whereas, banks in Luxembourg have started using blockchain for KYC compliance. The goal of such organizations is to settle by the year 2021, and much more projects and industries are in-line. The era of ICO seems like come to an end as BTC has fallen from $20,000 to $3600 and even lower within a year. Fortunately, the blockchain technology is there and expected to experience a great boom.

If the cryptocurrency isn’t able to recover, then still many upcoming projects will help blockchain technology to fulfill the purpose and revolutionize the industry. The industries who have already identified the potential of blockchain have started exploring as an alternative and viable solution.