Blockchain technology has come a long way since its early days. The year 2020 will mark a new decade with new developments expected in the cryptocurrency and blockchain space.
According to a TechCrunch report, leading blockchain developers expect to see new products and open-source projects made possible with blockchain technology.
“Those who have been quietly building during the crypto winter will begin to deliver beta and production versions of their platforms. There are many companies that are on the verge of launching their products for the mass market. Those who deliver products that are better than their centralized counterparts will see real adoption,” stated Ben Golub, executive chairman and interim CEO of Storj Labs.
Others like Luis Macias, CEO and founder of GrainChain, believe that Hyperledger Fabric is the way forward.
“Open source projects that use Hyperledger Fabric will stay in the lead, not because of resources being injected into it, but because of the volume of overall users and new integrations solving use cases as a proof of concept,” he said.
On the other hand, experts expressed a need for a shift in the regulatory landscape in order to drive blockchain and crypto projects.
“China will broaden its lead in blockchain relative to the U.S. Until the SEC rolls out more clear guidelines related to cryptocurrencies and blockchain, the U.S. market will continue to stagnate,” said Golub.
Meanwhile, Jonathan Johnson, President of Medici Ventures and CEO of Overstock.com, said that securities tokens will become an attractive form of investment.
“Legitimate securities tokens will be a good way to raise capital for unique assets as the regulatory landscape catches up with the technology and a more liquid market for security tokens results,” he said.
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