What Are the Biggest Crypto and Blockchain Topics to Follow in 2020
Virginia Cram-Martos, CEO of Triangularity
- Central bank digital currencies and stablecoins (maybe Libra, maybe not)
- Government blockchain-based applications and services (although, I expect this to really come to the forefront in the first half of 2021)
- An increase in blockchain-based identity projects — with a very big need for international agreement and harmonization. There are many transactions that could, potentially, move “on-chain”: from purchasing a book to selling a car as well as the issuance of many government documents, ranging from your driver’s license to the title for your house to your marriage license. But for this to happen, it is first necessary to have true and reliable identities for the parties involved. And, for privacy reasons, many of us may be looking to use self-sovereign identities for these purposes. This makes blockchain-based identities a “foundation” application which many other applications will need in order to be fully implemented.
- The beginning of the “disappearance” of blockchain and DLT, as it becomes increasingly incorporated into applications where the user has no idea that blockchain is one of the supporting technologies.
- Scalability as really big, global applications come online (or wish to do so).
- Privacy, as combinations of AI, blockchain and image recognition technology come together in potentially “scary” combinations.
- Further legal confusion as legislatures pass unneeded or constraining legislation without any coordination in an “electronic world” that is borderless but where national politics dictate the need to show that they are “crypto friendly” or “crypto tough” — often without really understanding the technology and the applicability (or not) of existing law.
- A number of “key projects” leading the way for future developments will be built upon LAC-Chain and the European Blockchain Services Infrastructure (with the most interesting implementations to come in the fourth quarter and early 2021).
Experts Share: What Are the Biggest Crypto and Blockchain Topics to Follow in 2020