A certain near-term change in the blockchain technology will come from regulation. Nearly every major country is looking at the ICO landscape and working out how best to regulate or capitalize on blockchain. In the USA, the SEC seems to be looking at ICOs more and more as a securities offering that will necessitate companies to carry out an ICO to provide financial and other documentation more typically related to stock offerings.
Other countries, such as Belarus, are taking a very hands-on approach in the hopes of luring blockchain companies and investment to their countries.
In response to the continued SEC action and the failure of a large number of blockchain projects, an increasing number of projects that are seeking funding will issue security tokens. Investors will inevitably start seeking and demanding higher-quality projects, as the low hanging fruit will have been taken and barriers to entry will increase. In addition, security...