It might be too early to think and write about the future of the technology, as real-world production systems are just being released or are still in development. One thing for sure, though, is that blockchain technology certainly has a future in the enterprise. After 10 years of being known as the technology behind Bitcoin and other cryptocurrencies, blockchain technology has matured and more and more production platforms are being commercially released and used by end users. Now we are seeing a new series of services starting to emerge that are built on top of established blockchains, also known as layer 2 blockchain services, which promise big gains in scalability, interoperability, and functionality.
Layer 2 blockchain services include the Lightning Network and the Raiden Network. These services offer instant transactions with no fees and processing as fast your application can submit them. Another major development is IOTA's Tangle network, designed to be...