What happens when the crypto craze cools down? Technology takes the main stage

It’s been an interesting year for technology watchers interested in blockchain. From last year’s height of almost $20,000, Bitcoin has fallen to around $6500 showing that the gold rush is finally quieting down. The same has been happening with other cryptocurrencies. Initial coin offerings (ICO) which were used by many blockchain companies as a way of easy fundraising are also showing signs of a cool down.

At this year’s SWiTCH (Singapore Week of Innovation and Technology), enthusiasm for blockchain technology was still high but also down to earth.

“While it’s all nice and glittery at the moment, all this hype will eventually die down a bit and the companies that have focused on the technology will come to the main stage,” said blockchain company DATAVLT co-founder Michelle Yeo. DATAVLT is a data analytics company that uses blockchain to secure data and lower costs.

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