The Next Chapter Of Blockchain Is Market Consolidation: Expert Take

Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

What is interesting is that Blockchain companies have managed to condense preceding market trends from a few decades to a few years.

Amid the initial slip of the altcoin market, Hoskinson saw what many market analysts now confirm - a saturated market that was not able to sustain rising competition and diminishing interest.

The enterprise cloud market may be a good indicator of what we can expect next.

Think of Blockchain companies like Ethereum, Cardano and Stellar as platforms that parallel big enterprise cloud platforms like Salesforce, Microsoft and Oracle in the early 2000s.

Once platforms have solidified their core products toward the end of the year, we can anticipate more consolidation around collaborative Blockchain ecosystems.

If current Blockchain platforms do not start consuming markets soon, you can bet the giants like IBM, Oracle, Microsoft or Accenture will start feasting.

What does that mean for the original Blockchain trailblazers, newcomers and ICOs? For the top-tier Blockchain platforms.

Contrary to most public noise, the consolidation of the Blockchain market is extremely healthy.

Ben Noble is a founding partner of MarketBlok, a marketing and PR company for Blockchain technologies.