Check – Out The Blockchain Trends Of 2020!

blockchain trends 2020

What can possibly be trendy in Blockchain? When it itself is a pretty trendy topic?

You remember the history behind that mobile phone you are holding now. Right? During your late teens, you might have got access to the phone first, which had a keypad. Then once you started your college, you might have used a normal android phone. After that, you just kept upgrading your phone and now you are holding latest configuration and OS in the market. The funny thing is, whenever you have gotten a new phone that felt like a pretty trendy one. Isn’t it?

Well, the same happens with Blockchain Technology as well! Every year some new trends are coming in, making the trendy technology even more trendy! And the Blockchain trends 2020 are no different than previous years!

In this blog, we are going to speak about the top blockchain emerging trends you need to follow in 2020. Hope this one will help you out to stay at the top of the trends!

2020 is definitely going to be a landmark for Blockchain technology. You want to know why? Well, the story goes way back in the year of 2016, when Dubai Feature Foundation launched the Global Blockchain Council and announced that Dubai is going to be the world’s first city which will be fully powered by Blockchain Technology. Not just Dubai, Blockchain is going to bless each and every place across the world with its trends in coming years!

Here are the top 5 Blockchain trends in review right in front of you!

1. Blockchain As A Service:

This is probably the hottest among Blockchain industry trends. Blockchain-as-a-Service (BaaS) is a new trend that is highly adored by startups as well as enterprises. BaaS is basically a cloud-based service that allows users to develop their own Blockchain products using Blockchain. The products can be anything including smart contracts, decentralized applications or even products that can work without any setup requirement of Blockchain infrastructure.

After Microsoft and Amazon started using Blockchain as a service, in 2020 there is a huge possibility of other big companies to implement them as well!

2. The solution to Social Networking Problems: 

Everyone is just glued to social media nowadays. Isn’t it?

If you want a headcount for social media users across the globe, that will come close to 2.77 Billion! Can you believe it?

But among those 2.77 billion users, many have faced issues with privacy violations so far. With the help of Blockchain, not only all the social media sites will be able to prevent that, but they will be able to deal with content relevance and data control as well.

This year, social networking sites are opting to take Blockchain Technology as a sidekick in a heavy amount.

3. Increasing demand for Blockchain Wallet:

Blockchain Wallet enables users to manage bitcoin and ether. Now the question is, why it is going to be one of the top Blockchain usage trends?

Well, it’s because you don’t have to pay anything for it! Yes, that is right. Creating a Blockchain wallet is free and the registration process is completely done online. It is registered directly to your bank account.

Not only that, through a Blockchain wallet you can inter-exchange ether and bitcoin as well!

Don’t you think in the world of the online payment application, the concept of Blockchain Wallet is going to be much appreciated in 2020?

4. The demand for Blockchain experts:

By now you know, how the demand for Blockchain experts is going to be hyped in 2020.

“When my title became ‘principal blockchain engineer,’ it became relentless. I get interview requests every day on LinkedIn now.” said Dustin Welden, after getting hired in March 2019 by Seattle-based Globys to work on a Blockchain-based project.

Conclusion:

Now that you know what all are new in the world of Blockchain, are you thinking of taking it as a career option?

You might be thinking that is it going to be a trend for a long time? Or it is going to fade away soon? Is blockchain the future? Or is it just a fad? All we can say about that is, it is definitely going to be a while before it fades away.

Convinced now? Go for certification and find yourself as a Blockchain Professional then!

Leave a Reply