Well, blockchain is more than just Bitcoin & it has a huge impact on a number of organizations belonging to both, the government & private sector. With the introduction of blockchain marketing company, business has become more fluent & affordable.
Since 2019 has been a very busy year for the blockchain technology, this amazing technology can be a key that will unlock highly revolutionized digital economy in 2020.
One of the biggest aspects of blockchain technology is that it allows decentralized communication, plus everything is documented and verified. Keeping these two points in mind will help you understand the blockchain technology applications better.
This technology is already trusted by various organizations. It is increasingly integrated into different systems. Secure user identification, smart contracts, secure registry, smart storage, decentralization, etc. are some of its main examples.
Today, we are going to talk about some of its latest upcoming trends in 2020. So, let us discuss them one-by-one:
- Blockchain Will Be Implemented In Finance And Economy
Banks are thinking about implementing a blockchain system, globally. The query processing speed of transactions is not enough at present. We want to achieve a result in a few hours, or even seconds. Blockchain technology can be helpful in that.
However, bank transfers for parties may suffer losses due to a sharp jump in the exchange rate. Thus, the banking industry is focused on the independent implementation of the blockchain without being tied to any cryptocurrency.
A recent PWC report says that, 77 percent of financial institutions are expected to adopt blockchain technology as part of an in-production system by 2020.
- Nations Will Introduce Their Own Cryptocurrencies
We can expect that all governments will finally accept the blockchain-based currency by 2020. This will be due to potential advantages for public services. In 2018, Venezuela launched its national cryptocurrency petro that is backed by the country’s oil and mineral reserves.
The world will switch to digital currencies because 2020 will be the starting point for the development of national cryptocurrency. Soon, blockchain will lead the world away from payment cards and even more so from cash.
- Blockchain Integration In The Government
Governments will be adopting the blockchain technology in 2020 as they are an administration of very large data. Blockchain technology for effective data management, will improve the functions of government sectors.
Estonia has already implemented blockchain technology almost on all public services. They have access to X-Road, a decentralized digital ledger that contains information about all residents and citizens. In 2020, this trend will get an extensive adaptation.
- Blockchain Will Combine With IoT (Internet of Things)
Blockchain technology can provide a secure and scalable framework for communication between IoT devices in 2020. While modern security protocols already appeared to be vulnerable when implemented to IoT devices, blockchain has already approved its high resistance to cyber-attacks & hackers.
In addition, this technology will allow devices to make automated micro-transactions. Such as, a client will be able to set up an automatic payment. Due to its nature, blockchain will conduct these transactions several times faster.
- Blockchain Will Protect Content
Cybercrime is a serious issue for all the organizations & agencies all around the world & experts say that in 2021 cybercrime may cost $ 6 trillion. But blockchain can be an antidote against the cybercrime.
Placing content on blockchain can ensure full automation & security of distribution processes, blocking illegal content download, increased protection against hacking, transfer of content only to those users that have paid, & many-many more benefits.
Blockchain is a business revolution and 2020 will witness a massive improvement in terms of business, with this technology. A blockchain marketing company can play a key role in your business development with blockchain-based services & soon, 2020 is going to be flooded with them.
One such highly pronounced & authentic blockchain marketing agency is Steem Experts. We are determined to give our best results in blockchain-based technology by developing DApps and providing service for Steem Development & Steem Bots development. We are also an ICO marketing company for more than a year now!
Contact Steem Experts for the advance blockchain services!