Blockchain Ranks Among Top Trends in Tech for 2020

Asia Blockchain Review
January 5, 2020

Experts revealed that blockchain technology will still rank among one of the top trends in the industry, while gamification is also going strong.

Blockchain Remains in the Spotlight

In CoinDesk’s 2019 Year in Review, futurist and financial innovation experts David L. Shrier wrote that from his experience working with blockchain entrepreneurs across the globe, the aspect of blockchain that is on everybody’s mind is how to develop new use cases.

“…not just any scenario where distributed ledgers might be applicable, but natural uses cases where blockchain is clearly a superior platform versus other database technologies,” said Shrier.

An Ongoing Boom for Gamification

Meanwhile, the video game and online gambling industries are experiencing strong growth, with the sectors estimated to be worth US$300 billion and US$94 billion, respectively. 

According to John D’Agostino, founder of Digital Assets Working Group, one of the top trends for 2020 will be the “gaming and commodification of the gaming experience.”

Additionally, numerous opportunities lie in “combining the theoretical fungibility, transparency and security of blockchain databases along with the ease and portability of tokens to create new markets for digitally native assets and experiences like online gaming,” said D’Agostino. 

The Time is Ripe for Bitcoin

On the other hand, Shrier noted that Bitcoin is “the most financially successful blockchain project to date” with many Bitcoin-protocol projects to be unveiled in 2020. 

Experts have also voiced that the next frontier for Bitcoin is in Africa and that the continent could prove to be a ‘game-changer’.

Michelle Chivunga, Advisor to the African Union, has revealed, “With the Africa Free Trade Area agreement in line to transform the continent, Africa is in [a] strong position to play a leading role in the digital revolution tapping into key technologies like blockchain.”

Source: https://www.coindesk.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    UnionBank’s People Tech Goes At Full Throttle
    Taking the lead on People Tech UnionBank now takes the lead in People Tech, advocacy that focuses on...

    August 9, 2020

    Distributed Ledger in Education: UCSI Explores
    Asia Blockchain Review had the opportunity to chat with the director of ICSDI at UCSI on the whole d...

    August 9, 2020

    The 5G Pandora Box: An Ultimate Kingmaker
    Unlike WWII which had sheer military might as its focal point, digital technologies such as 5G would...

    August 9, 2020

    Mainstreaming Of Cryptocurrency Investments? An Exploration
    While the security and the regulation is well chronicled. The big question that needs to be answered...

    August 9, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us