Crypto May Be Struggling, But Blockchain is Thriving

While the crypto markets likely have a slow, measured recovery in their future, just like web platforms before them, current pure-financial troubles belie the fact that the core blockchain technology on which cryptocurrencies function is progressing at breakneck speed.

The blockchain is, in its simplest form, is a means of hosting information so that it cannot be tampered with - even by the people who collectively co-host that blockchain itself.

Blockchain technology is being developed by groups as diverse as IBM, Wells Fargo, and both the U.S. and Chinese governments.

That's because as the crypto-economies that the blockchain made possible begin to come down to a more sustainable valuation, the core technology continues to advance at an ever-higher pace.

As a result, even as crypto markets struggle, blockchain projects begin to take on more complex jobs than the fund's transfers that have come before.

Companies like IBM are moving steadily toward an initial service offering even as public blockchain projects struggle in the face of market volatility; for a private blockchain, there is.

That means very little to the progression of blockchain technology itself which can be put to innovative new uses once the variable of currency has been kept static by a single, all-powerful blockchain owner.

What we're seeing is that the purely technical side of blockchain is progressing much more quickly than the purely financial side and that the governance of blockchain systems is the main way in which those systems struggle.

At Vanbex, we specialize in developing effective strategies accompanied by leading marketing services for blockchain businesses, so we see first-hand the incredible achievements decentralization can produce.

Since 2013 Vanbex Group has specialized in consulting, communications & development for global blockchain businesses.