Top 7 Trends To Shape Blockchain Follow In 2020

By Author: Block chain council
Total Articles: 167
Comment this article

Top 7 trends to shape Blockchain follow in 2020

In 2020 one thing that we can claim for a fact is that there are going to be a lot of changes and transformation that are going to make its way. A lot is happening on the technological forefront, and when we are talking about some of the revolutionary technologies, Blockchain has to be a part of it. It came up in the year 2009, and since then, it has paved the way for many changes and developments. So, from here onwards, how is Blockchain going to change, that is going to be our topic of discussion. We are elucidating seven new trends that are going to impact Blockchain in 2020 and hereafter.

Top 7 Trends:

1. Blockchain As a Service or BaaS- you would have heard a lot about Software as a Service, on a similar pattern, big companies are now planning to introduce Blockchain as a Service. It is a cloud-based service that enables users to develop their digital products by working with Blockchain. These products may be smart contracts, decentralized applications, or any service without any need for a setup. The entire framework runs on Blockchain infrastructure. ...
... So, it brings all the benefits and features of this technology to the service provided by the company. Some of the prominent names using this technology are Microsoft and Amazon.

2. Adjacent Technologies Will Work With Blockchain- It’s not just Blockchain that is making a difference; a lot it is happening on other technological fronts like IoT, AI, ML, etc. In the times to come, we will see the merging of these adjacent technologies with Blockchain. It will help in achieving things that haven’t been done in the past. Moreover, trustworthy data from Blockchain will ensure that the inference is more accurate and authentic. It will thereby help in improving the decision making process.

3. Validation Tools- We all know that the conventional models are vulnerable. There is a greater probability that you may see the use of Blockchain as a platform to store data. It will ensure safety and security.

4. Central Bank Digital Currencies- Another area where we are going to see the transformational change by Blockchain is going to be in the field of banking. Tokenization of assets and securities, then trading with them, will enhance efficiency and improve security.
Around 58% of organizations agree to the fact that they can derive new sources of revenue by tokenizing assets. With countries in Asia, the Middle East, and the Caribbean continue to experiment with CBDC in real-time, we can expect this system to grow in the future.
5. Stablecoins- These an alternative to cryptocurrencies and are considered to be more viable. We are going to see some staggering rise in the use of the same.

6. Digital Marketing and Blockchain- Another front where we are going to see widespread use of Blockchain technology is digital marketing. As more and more companies become inclined towards digital marketing, there is going to be a demand for Blockchain experts who can sync the benefits of Blockchain with digital marketing platforms.

7. Growing Demand For Blockchain Experts- As a result of all of the changes mentioned above and the growing use of Blockchain platforms, we are going to witness a rise in the demand for Blockchain experts. Companies have now started looking for individuals who have done Blockchain training or have Blockchain certification. In fact, Blockchain certification is considered to be one of the highly demand skills by the companies. Owing to this, we have also seen a rise in the number of Blockchain training providers. From offline platforms to online platforms, there is a rise in the number of Blockchain course providers.

Concluding Thoughts

Platforms like Blockchain Council comprehend the fact that there is going to be a rise in the demand for Blockchain experts. So they have created this Blockchain training course, which is an exhaustive learning platform designed for both freshers and professionals. You can also join the Blockchain training program and become an industry leader.

Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/