Top 5 market trends helping QANX Token in 2021? 🚀
You will learn now in a nutshell about the top 5 market trends which are helping QANplatform and its utility token, QANX Token in 2021:
1. Blockchain technology is one of the biggest winner of COVID-19
2. 90% of current implementations need replacement in 2021
3. Quantum-computers are closer than expected
4. A 3-efficient blockchain is needed
5. QANplatform product milestones
Let's dive right in.
Blockchain technology is one of the biggest winner of COVID-19
According to PWC, Forbes, Gartner: Blockchain play a key role in digital transformation trends, also it has a huge impact mixed with other essential technologies in mega-trends like: automating trust, democratization, working autonomy, digital reflection, hyperconnected networks.
According to G2, the crisis transformed the way we use software. The post-covid era will have an economy shaped by distance and trust. We can see a clear shift in supply-chain, remote working, e-health, cybersecurity, e-sports, digital identity, e-voting where blockchain platforms like QANplatform can play a key role.
90% of current implementations need replacement in 2021
By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner. Signs that projects leaving first-generation blockchain platforms are already visible. QANplatform is a good fit with its features and benefits to switching from existing blockchains to be competitive, secure and avoid obsolescence.
Quantum-computers are closer than expected
The encryption (Elliptic Curve) used by 99% of current blockchains are exposed to vulnerabilities in the near future by the world’s most powerful computer, the quantum computer. Google, Honeywell, and other big corporations and governments are working on building quantum computers. A new study showed that we need only 1/4 of qubits than thought before to break today's security standards, so IBMs 1121+ qubits (by 2023) quantum computer will break it. But what if someone already has such a powerful quantum computer today / will have one in 2 years? QANplatform offers a quantum-resistant add-on for private blockchains today. The QAN public blockchain will be quantum-resistant from the ground up.
A 3-efficient blockchain is needed
"The 3-efficient factors" in our view are energy efficiency, decentralization and business readiness.
A new transparent technology must not waste our precious environmental resources. Proof-of-Work (PoW) known as mining uses a tremendous amount of energy. Other consensus mechanisms are using less energy, but they are not as democratic. For this reason, we went with our unique consensus algorithm which we named which uses one hundredth of the energy yet remains fully democratic.
According to HFS Research excerpt for IBM: "Enterprise blockchain adoption is going through a “90-9-1” adoption challenge. 90% of companies are still trying to internalize the concept and its relevant impact. 9% of enterprises that identified relevant use cases are struggling to start with their PoCs and pilots. The 1% of enterprises that have successful pilots are challenged with scalability to a production-grade environment." QANplatform is built from thee ground up with a business-oriented perspective. Just mentioning 1 benefit from our features: It is one of the fastest (80%) private blockchain to deploy and build a PoC (Proof-of-Concept) on it.
QANplatform product milestones
We published the QAN private blockchain in October 2020. So our real journey just started. We will launch the test net of the QAN public blockchain first half of 2021 which will run for approx. 6 months based on industry standards before we fully change the blockchain for its final network with all the features and welcoming all the ecosystem members at the end of 2021, beginning of 2022.
In the meantime, we partner with top blockchain development companies like Labrys, SoftwareMill, Adoriasoft, 4ire Labs, 482.solution, Nextrope (and many more) to test our blockchain and be a QANplatform integrator in the future. These companies can help startups and enterprises build their software solutions on the QAN private blockchain which will be connected later to the QAN public blockchain to benefit from the hybrid blockchain feature.