Latest blockchain trends you should know in 2020

Copyright © Blockchain Council www.blockchain-council.org
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-Service
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. 5

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.
10

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 Facebook’s 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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Blockchain Council Certifications
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
15

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Latest blockchain trends you should know in 2020

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