Latest Blockchain Trends You should Know in 2020

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Latest Blockchain Trends You Should Know
In 2020

• Let us now list down some of the most expected
  events that are all set to shape the blockchain
  ecosystem in 2020.

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• 1. Microsoft and Amazon using Blockchain-as-a-Serv
  ice
• BaaS or Blockchain-as-a-Service is a trend that
  has been significantly contributing to blockchain
  development. BaaS is currently being integrated
  with many enterprises and startups. It is
  basically a cloud-based service that allows users
  to develop their own digital products using
  blockchain.

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• These digital products can refer to applications,
  smart contracts, or other services, that can work
  without setup requirements of a blockchain-based
  infrastructure. Some of the major players in the
  field of BaaS are Microsoft and Amazon. There are
  also others, such as IBM Cloud, VMWare, and
  Oracle Blockchain.

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• 2. Stablecoins Will Dominate the Crypto Space
• Stablecoins are cryptocurrencies designed to
  offer stability and minimize price volatility.
  The best example of a stablecoin is Tether. The
  major advantage stablecoin offers over other
  cryptocurrencies is the fact that its value never
  gets affected by market conditions such as
  currency crashes, and it always remains stable.

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• There will be increased adoption of stablecoins
  in 2020. Blockchain experts are of the opinion
  that the future of stablecoin is bright owing to
  the following reasons

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• Affordability and fast remittances.
• Immunity from issues like currency crashes.
• Stable currency exchanges.
• P2P payments and streamline recurring.
• The feature of being used as a regular currency.

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• 3. Blockchain Will Transform the Social
  Networking Domain
• As we know, social media and social networking
  have become part and parcel of our daily lives.
  According to findings, in 2019, there were around
  2.77 billion social media users across the globe.
  

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• Introducing blockchain in social media will help
  solve issues related to data control, content
  relevance, privacy violations, and notorious
  scandals. Blending blockchain with social media
  is a trend that has already caught up to a great
  extent and is only expected to increase in 2020.

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• By implementing a blockchain, we can ensure that
  the data published on social media cannot be
  traced or duplicated, even after deletion. Users
  can store data securely and maintain ownership of
  data using blockchain. Blockchain provides the
  power of content relevance to the people who
  created it and not to the owners. Blockchain
  experts and enthusiasts strongly believe that the
  usage of blockchain in social media will increase
  to a great extent in 2020.

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• 4. Content Streaming Will Be Secured Using
  Blockchain
• Content streaming is an emerging blockchain trend
  of 2020 that will become highly popular in the
  coming years. Movie streaming services like
  Netflix and Hulu will incorporate blockchain and
  its solutions to store user data in an accessible
  and secure manner. More and more video, music,
  and social media streaming companies will opt for
  an API that is similar to blockchain. This will
  help third parties to read and write information
  on the respective blockchain.

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• These are some of the blockchain trends we can
  expect in 2020, out of the many more that are
  expected to happen such as China launching its
  Central Bank Digital Currency, the launch of
  Facebooks Libra with limited functionality,
  expansion of privacy tools and oracles, and
  increased interoperability between blockchain
  protocols.

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• Conclusion
• Blockchain technology will certainly play a
  leading role in integrating ideas and eventually
  setting the stage for digital transformation.
  Blockchain has far more potential than
  cryptocurrencies such as Bitcoin and Ethereum.

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• This is just the beginning. Blockchain is one
  such concept that is certainly here to stay and
  transform the world for the better.
• To get instant updates about blockchain
  certifications and become a blockchain expert,
  check out Blockchain Council.

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• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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