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Blockchain Just a Hype?
Blockchain Just a Hype?
Today, I will talk about blockchain. Trust the hype. When we look at what happened over the past 12 months or so, the well of cryptocurrencies went down, there was a lot of disillusion around blockchain. And so the question is, is it just been a hype or is there sort of more potential for the future behind? And I just wanna illustrate the concept then what we can do around and our perspective on blockchain maps to this format. So as a we have different directions and the one axis we use is high, which could be low or high.
So a lot of hype or little hype and there's maturity, which could be high or low. And it is, we then can bring in various types of technology and maybe look at blockchain. And so the evolution of the past few years, so around 2015, we saw the blockchain hype starting with some first uptake articles, and then also quickly a lot of investments, a lot of startups, a lot of pilots, so rapidly growing markets. So the size of the bubble is really bigger here, but now in 2019, it goes a little bit down again.
So little hype, more maturity, I would even say less size because there are less pilots, less hype, less investments for now. And the interesting question is what will happen over the next few years? And so the predictions I will make here is really that we see just continuing for the next, probably next year. So not much uptake, maybe even a little decrease in the market size. So when you look at the number of pilots now stuff, but I'm very convinced that blockchain will come back.
So 21, 22, we see more high, but also the increase in maturity. The interesting question is what will happen after that? So I'm convinced we'll see more concrete, practically used practical applications of blockchain technologies, very frequently as part of larger things, which are the interesting questions, whether the hype will sort of come back or whether the hype will more remain stable, but I'm sure that most maturity and the size of the market will grow over the next three to four years.
When we then look at a specific aspect of blockchain technology, which is blockchain ID, we see a slightly different picture. So blockchain ID came on a little later. So with some more hype, but more in an identity circle around 2018, not much change, I would say in 2019, not really big. We see some interesting startups. We see some interesting investments, but it's not really a very big market, but a market which has relevance, where we see some huge interest from certain parties and a big potential.
And so I'm particularly because there's a really, there's a demand, there's a use case and things like KYC really can be done better based on blockchain ID. I expect a different evolution for blockchain ID. So what I expect is that we will see more uptake some growth over the next year or so significant increase in maturity and 2021 Is about to continue. And I expect this, that this will be really a trend where we see more happening around blockchain, more concrete, practical use cases, and some samples of blockchain identity, really becoming, winning, getting widespread attention.
So this goes on different directions for different types of technologies, but I'm quite sure blockchain will come back because there's a value for blockchain as a technology. And there are practical use case such as blockchain ID, which truly have a big promise of value, at least. So we will see I'm very common convinced that we'll see this happening. Thank you.