By Enterprise Security Magazine | Wednesday, January 08, 2020
The future of blockchain is promising, but there will still be stumbling in the initial stages of its journey. But leaving those behind, the concerns related to blockchain technology seems that this innovation will gain the enterprise’s trust.
FREMONT, CA: Just like 2019, 2020, is expected to see several notable trends and movements in the blockchain and cryptocurrency platform. The business platform will further focus on operational matters, deployment flexibility, and also the interconnectivity. The enterprises can look out for improved services and equipment that offer and meet the needs of businesses.
In 2020, as the exchange is increasing to be professionalized and investors eventually shifting their focus to quality, new tokes that are coming to the market will be few and will also be more matured. The enterprises can expect that the majority of the publicly listed tokens will be delisted or cease trading.
What the enterprises saw in 2019 is the increased maturity of the technology. This trend will continue in a fast way in the coming years. 2020 will mark the start of more usable and mature networks creating decentralized applications, building an enhancing the competitive landscape for projects to battle it out to become mainstream.
Going forward, for the blockchain and the apps developed on top of them is to stand a chance of making the mark, the focus should be much more on enhancing the usability and finding product-market fit. 2020 will see the launch of multiple third-generation blockchain project platforms, with an increased variety and reach of applications that are built on top of the Distributed Ledger Technologies (DLT) ecosystem.
More realism is expected to come into the market towards blockchain and its deployment. Those responsible for the blockchain projects will take a more informed and strategic approach. As a result, in 2020, there will be a more realistic and pragmatic approach to blockchain projects. Organization DLT teams will focus on realistic use cases that deliver a particular benefit and bring existing projects closer to, or into, production.
Many organizations will wait for the blockchain adoption, the increased maturity of the blockchain technology will certainly trigger adoption in 2020 and beyond.