Media Predicts Top 10 Events in Blockchain for 2020

Asia Blockchain Review
December 22, 2019

The blockchain ecosystem in 2020 is predicted to see both progress and setback, but adoption will only ensure growth.

With exponential growth in blockchain this year, the technology is forecast to continue to grow in many aspects even as some initiatives will likely fall behind. Below are the top 10 blockchain predictions for 2020.

1. China will Launch CBDC

China’s Central Bank Digital Currency (CBDC) is reportedly “ready” but will only be launched in some cities, according to the People’s Bank of China.

2. Facebook’s Libra will Have Limited Functionality

Libra is expected to launch in one jurisdiction and but is unlikely to be the payment rails and onboarding vehicle Facebook has promised.

3. No Approval for Bitcoin ETF

Bitcoin ETF will still not be approved next year after the U.S. Securities and Exchange Commission (SEC) rejected all Bitcoin ETF filings.

4. Golden Year for Stablecoin

Stablecoins are expected to be adopted more with the official launch of Fnality and J.P. Morgan’s stablecoin.

5. DeFi and Open Finance will Rise

The growth of DeFi and Open Finance will continue as a result of their popularity this year.

6. Ethereum 2.0 will Progress

Ethereum 2.0 will continue to grow with more updates and progress from its developers.

7. Lightning adoption will grow

An increased number of applications, nodes and channels will be created on the network.

8. More Privacy Tools, Oracles

2020 will see more privacy tools such as zero-knowledge (ZK) and multi-party computation (MPC) projects. Chainlink, an Oracle project, will grow further.

9. Blockchains Protocols will Co-Exist Better

Interoperability between blockchains protocols is expected to take place next year.

10. Wyoming Sets Example for Blockchain Regulation

Other U.S. states are reportedly keen on similar legislative work for blockchain as Wyoming which has laid out a friendly regulatory regime for digital banking.


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
    How Blockchain has Helped the Business of E-commerce
    Blockchain technology is poised to revolutionize the e-commerce business industry. It offers an unpa...

    January 23, 2020

    Securing SEA’s Financial Networks with Blockchain
    As cryptocurrencies gain wider use among Southeast Asians, so too must blockchain solutions be devel...

    December 30, 2019

    Thailand: The Land of Blockchain
    As the country forges ahead on its Thailand 4.0 development agenda, firm government commitment and s...

    December 27, 2019

    Blockchain for Safer, more Afforable Telecommunications in SEA
    This article examines the use of telecom services in Southeast Asia, the industry’s unresolved probl...

    December 16, 2019

    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