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Blockchain can maintain its dominance

Blockchain will continue to shape the rate and direction of innovation. FILE PHOTO | NMG
Blockchain will continue to shape the rate and direction of innovation. FILE PHOTO | NMG 

My crystal ball tells me that a number of things will happen this year.

In the technology sector, Blockchain will defy many sceptics and continue to grow its native token, Bitcoin and Ethereum, perhaps replacing some weak currencies in the process.

With or without a regulatory framework, it will continue to cause disruptions in its path to full acceptance. The technology will continue to shape the rate and direction of innovation.

As I write this article, the Dubai government last week committed to becoming paperless by shifting all transactions to Blockchain — an online encrypted database — by 2020.