The technologists and investors of Blockchain market is expected to undergo many challenges in 2019 observing the downfall in its performance due to misconceptions created by numerous crypto coins and the ICOs. There were many efficient blockchain projects that started in 2018 but the number of crap projects was also sizeable. Especially, the losses faced by the investors due to crypto coin related scams have radiated immense negativity in 2018. However, I foresee amalgamation of diverse emerging fields with blockchcain technology in 2019. Some of the major expected outcomes is discussed in this article.

Conventional Acceptance,Institutionalization and Advancement in Technology

Many projects were hyped and they overpromised the investors. In 2019 also, there will be many cases of this kind but it seems, these would be minimized through rigorous research and investment of giant industries through developing mechanism dealing with unreliable entities . This is also noteworthy that despite the hype, blockchain technology was not accessible in the public domain until 2018 and it was considered as a technology of blockchain experts only. Even some experts opined that blockchain is new technology and that is why, it must be studied thoroughly and after that only , any conclusion shall be made regarding its application and security. In this scenario, 2019 is going to be euphoric and extensive in terms of scalability and flexibility of blockchain.

Production of useful digital assets

Due to crypto focused attention of the investors, 2018 remained a battleground of crypto projects and much less was contributed to blockchain marketing and digital assets like Wallet, private keys. Digital production seems to be more manageable and would open new user interfaces in 2019. Furthermore, with the use of blockchain based decentralized apps, a lot of time-delay and security issues are going to be resolved and blockchain would be more accessible to enterprises and it can be said that several small and medium businesses are going to simply use blockchain based systems in a more user friendly way. Nevertheless, the possible solutions to the challenges of blockchain industry in 2019 would be finalization of government regulations, institutionalization, research in blockchain and change in perceptions through appropriate and reliable media outreach.