2020: Managing the Expectations of Blockchain Related Hype

Asia Blockchain Review
February 22, 2020

The new year has arrived, which means new advancements are following through. Some are expected, and some could be a surprise. As blockchain technology evolves, the ecosystem for a lot of things is advancing as time goes by. So, what can we expect?

2019 was the year of transformation for the blockchain space. With the overall idea of the technology, the general public is still in awe of the development. We all saw the birth of the new generation of blockchain and start-ups getting into the market as the new infrastructure projects are being aligned and protocols being expanded in the system. The growth in the industry includes governments, regulators and central banks engaging in crypto in general. Moreover, Facebook launched its Libra cryptocurrency which has triggered a lot of entities.

Trends and Movements of Blockchain

 

There are extremely notable trends and movements to be watched in the blockchain and cryptocurrency world. The users will focus on operational matters, flexibility in deployment and interconnectivity. Enhanced services and tool offerings that will meet the business needs of any entities can be supported from all directions. 

The maturity of the technology has been monitored throughout 2019, which has accelerated towards the new year and beyond. With the new year, it will mark the start of a usable and mature network in creating a secured landscape to centralise everything in one single platform.

Flexibility, Demand and Interconnection Network

Most enterprises are looking at the operational matters of their structure. As each blockchain varies on the level of performance, security and privacy, the system will be able to gauge the need and launch the protocols that they require to operate in a more systematic technology

Banks are in for a Change

The market for digital assets will mature moving forward and the price of cryptocurrency will continue to stabilise. With the result of the increased maturity, we are expected to witness more investors from various sectors enter the crypto markets in this new year as the technology advances and general knowledge of the public is improved. The momentum will not only transform the industry, but will create a legacy for the banking sectors and more.

Source: https://www.finextra.com/


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