BLOCKCHAIN QUARTERLY | Q4 2019  | AS OF JAN 1st, 2020

Executive summary

The bullet points below summarize the main points from the studies and research presented in this, the ninth edition of Blockchain Quarterly:

 

Section 1: Global Market Update

Cryptocurrency prices have gone through some turmoil during the last three months. The crazy, impulsive move seen in the spring was too good to be true. It was too much; the surge in prices was unreasonable. In that respect, the current retreat can be seen as a stabilization within a more significant trend.

Read more in the full section on Global Market Updates.

Section 2: Update on the regulatory policies

 

Globally, regulatory bodies have been rather calm recently; we have seen relatively fewer media articles, compared to previous times. Interestingly, political crack-downs appear to be proportional to Bitcoin’s price, which makes perfect sense.
Despite this, apparent calm does not mean that regulators have been idle. Our review of press releases indicates that the implementation of crypto or blockchain-related regulations is occurring almost every other day; for something like 200 jurisdictions on the planet, that’s not surprising.

Read more in the full section on Update on regulatory policies.

Section 3: Review of blockchain industry players 

Overall, the trend in the increasing hash rate is continuing, with, for the moment, continued mining profitability. Since November 2018, when the hash rate decreased, reflecting the crash in the BTC price, the growth has resumed, thanks to the material improvement of ASICs and new BTC investments. However, at the current price of Bitcoin, the curve suggests that mining activity is again reaching its limit. 

Read more in the full section on Review of blockchain industry players.

Section 4: Investment and use case by industry

Accenture and SAP have unveiled a Corda prototype for real-time gross settlement systems. Its promoters describe it as “another payment channel for central banks. And the idea behind this is to use tokens for settlement purposes.” Corda is the platform used for the project: the solution will run alongside existing systems enabling tokenized payments to be received as regular payments by a non-participating bank. The distributed ledger technology component is integrated with the existing SAP Payment Engine.

Read more in the full section on Investment and use case by industry.

Section 5: Trend By Crypto-Assets Class

As BQIntel is developing, we engage in providing tools to compare crypto-assets with each other, thanks to the creation of a database and of a suite of tools to exploit it. A primary added value is to use our classification as a criterion to isolate classes of tokens and study them as such.

Read more in the full section on Trend by crypto-asset class.

Section 6: Latest Advancement In DLT Technology

Investment in the cryptosphere shifted throughout 2018-2019, from wild funding of small ventures through ICOs, to large companies creating their innovation teams and paying for the development of enterprise information management solutions. So, the financial investment is by no means down, although the current state of the cryptocurrency market is more worrisome.

Read more in the full section on Latest advancement in DLT technology.

Section 7: Overview by country

Here is a country-by-country press-overview of what is happening (with special regulatory focus on what official authorities pretend to be doing).

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Read more in the full section on Blockchain regulation overview by country.

© 2020 bqintel.com

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