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Promising Blockchain Projects Enhance Competence And Reduce Cost For Industries

The successful execution of several blockchain projects in 2018 has projected an immense growth for this industry in the coming times. The experts have now predicted that the coming year will mark the beginning of major breakthroughs in the blockchain industry. The market-leading companies of different domains have already begun researching and developing the best possible apps powered by the ledger. There are two highly popular blockchain platforms VeChain (VET) and Lisk (LSK) which are developing solutions which will probably be in high demand this year.

VeChain (VET) is a renowned blockchain-based supply chain management platform which facilitates the monitoring of inventory and logistics. The USP of this operating platform is that is can keep the track of items right from manufacturing process until their delivery. It is capable of tracking the entire life cycle of the products along with transactions. In addition to this, it is capable of finding out whether the product is authentic or not. VeChain has got into collaboration with the world’s second-largest professional services firm PricewaterhouseCoopers (PwC). Furthermore, it is also working on some projects with Microsoft and Hyperledger.

Lisk (LSK) is another one of the prominent blockchain projects which will be looked upon for its performance this year. It was first launched in 2016 and stands out differently from other cryptocurrency projects. Despite incurring losses there are enough resources and funds support flowing in this project, as mentioned by CryptoGlobe.

Blockchain Trends For 2019

There is one common feature in all the ledger based projects that promise to enhance the operational efficiency of the platforms within much-reduced cost. According to Smartereum, there are many existing useful blockchain enabled application available in the market and it is expected that it will grow even more in the coming few months. It is also expected that the successful execution of blockchain projects will also help in stabling the cryptocurrency.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

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