Smart Factory is combination of Design, Manufacturing, and Distribution with digital automatic solution. People think of this concept as if its whole new technology. But the technology behind smart factory is not a new technology. It's just that people have fused technologies that we already have to create the Industry 4.0 value of the Smart Factory.
It is same thing about blockchain and cryptocurrency. They are not a new technology, but a combination of cryptography and distributed ledger. Starting with the bitcoin of Satoshi Nakamo in 2008.
From the end of 2017 to the beginning of 2018 when the market for cryptocurrency was booming, the market was formed up to 890 trillion Won based on KRW.
The current encryption market is 240 trillion Won, which is still huge, compare to the 219 trillion won in the Kosdaq market last year. Also considering the current faltering crypto market.
This is a remarkable market size at the beginning, with no large institutional investments in place yet. Beginning with Bitcoin futures trading in December 2017, the movement is gradually entering the institutional financial market, which is not just using customers to trade cryptocurrencies but also by creating derivatives of the exchange.
Currently, there are 1,91 types of cryptocurrency being created and traded ,and the top 10 cryptocurrencies have a 90% market value.
Bitcoin, among other things, has more than 50 percent influence and is firmly established as a base currency. Second place is Ethureum, all ICOs are utilizing the ERC-20 token from Ethureum.
source coinmarketcap
