RIP ICOs: 2019 Will Be the Year of Enterprise Blockchain Tokens

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One year ago, I wrote an article for CoinDesk in which I humbly argued that the price of ether didn't matter and what everyone in the blockchain community should focus on is building useful applications instead. Hate to say I told you so, but I did.

On the policy front, the European Commission led the way with a systematic approach to engaging with the blockchain community through the EU Blockchain Observatory.

So many many folks mused that since ICOs were doing so badly and since most ICOs were launched on ethereum, ethereum must also be "Ded." Well, the price chasers were wrong then and they are wrong now.

The coolest piece of kit produced by enterprise blockchain in 2019 was Kaleido.

Kaleido took 80 percent of the effort out of that 80%. The most valuable piece of engineering in blockchain was Open Law which enabled the creation of smart contracts whose execution corresponds demonstrably with the underlying legal contracts.

The most readable news in blockchain was Evan Van Ness' "This Week in Ethereum," a relentlessly BUIDL focussed newsletter that was a source of perspective through the amusing hysteria and paranoia of the #crypto investor community.

While no one was watching, tokens came to enterprise financial services as Euronext and other ecosystem partners went to pilot at Liquidshare, a consortium re-engineering the interaction between post-trade parties by leveraging blockchain technology and developing a new infrastructure for small and medium-size enterprises in Europe.

The public blockchain space started to create enterprise-friendly fiat tokens at pace.

The first killer app of blockchain is the ridiculously simple token.

In 2019, tokens will invade the enterprise in full force.

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