Gartner Predicts Future of Blockchain in 2020

Asia Blockchain Review
December 23, 2019

Gartner, a global research and advisory firm, recently made predictions for technologies in 2020 including AI, blockchain and cryptocurrency. Next year will likely see more use of blockchain to prevent disinformation, but the technology’s potential applications will still be met with skepticism and confusion.

Blockchain for Content Authentication

According to Gartner, blockchain technology will be adopted to authenticate up to 30% of world news and video content by 2023 in an attempt to combat deep fake technology.

As social media bots and other technologies accelerate the spread of fake news, organizations and governments around the world are turning to blockchain to prove news photographs and videos are real.

Blockchain’s ability to create an immutable and shared record of content makes it a suitable technology for online content authentication.

Gartner also predicted that the 2020s will be the decade when blockchain finds its home outside of crypto mining sheds and enters the multinational corporate world. “Blockchain, which is already appearing in experimental and small-scope projects, will be fully scalable by 2023,” the tech trend report claims.

The Rise of Mobile Crypto Accounts

Much of the world will turn to mobile-accessible cryptocurrency accounts with Africa seeing the highest growth rates, Gartner forecast. As social media platforms and marketplaces are now embracing crypto payments, 50% of smartphone users without a bank account will use a mobile-accessible crypto account in the next five years, according to the report. E-commerce and trading partners are expected to emerge in areas previously unable to access capital markets by using crypto accounts.

Online media Gigabit Magazine also predicted that 2020 will see someone(s) holding the position of Chief Blockchain Officer as well as the use of blockchain for passport authentication.

Source: www.gigabitmagazine.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
    Takasbank Launches Blockchain-Powered Gold Transfer Platform in Turkey
    Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) has launched a blockchain-powere...

    January 22, 2020

    Ernst & Young Forges Ahead with Public Blockchain
    While many organizations have chosen to develop their own private network blockchain system, Ernst &...

    January 21, 2020

    Building Blockchain Solutions for Businesses in 2020
    With numerous developments in the blockchain industry in 2019, enterprise blockchain solutions could...

    January 20, 2020

    Anticipation Builds for Tokenization in 2020
    Tokenization will likely continue to be a viable and promising technology in 2020 due to its boundle...

    January 20, 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