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Blockchain in 2020

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Although some countries like China consider Bitcoin exchanges as illegal, we can expect that all governments will finally accept the blockchain-based currency as legal by 2020. – PowerPoint PPT presentation

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Title: Blockchain in 2020


1
Blockchain in 2020
  • WWW.BITDEAL.NET

2
Introduction
  • We gonna cross half a way of 2019. It's a great
    time for us to make some predictions about
    Blockchain Technology - A Key that unlocks Highly
    Revolutionized Digital Economy in 2020.
  • So before entering into 2020 many business,
    industries and countries, have already set it is
    a milestone to achieve something big either
    technologically or financially.
  • This expectation of 2020 have increased a hype in
    technological growth and that has been fired up
    the growth of emerging technology, so called
    blockchain. Blockchain is a Distributed Ledger
    Technology that grabbed more people over the last
    two years.

3
Launch of National cryptocurrencies
  • Although some countries like China consider
    Bitcoin exchanges as illegal, we can expect that
    all governments will finally accept the
    blockchain-based currency as legal by 2020. This
    will be due to potential advantages for public
    and potential services.
  • In 2018, Venezuela has launched its national
    cryptocurrency petro (petromoneda) that is backed
    by the countrys oil and mineral reserves.
    Gartner, a leading research advisory company
    predicts that By 2020, at least five countries
    will issue a national cryptocurrency. You can
    check out the countries where bitcoin and
    cryptocurrency exchanges are legal and illegal
    here

4
Integration of Blockchain Governments
  • The adoption of blockchain technology by all
    governments will be an unavoidable in 2020, as
    they are in a situation of administering very
    large quantities of data. However, the adoption
    of blockchain technology for effective data
    management will improve the functions of
    government sectors.
  • Estonia has implemented blockchain technology on
    the government level which includes 2-factor
    authentication, enabling people to control and
    sure their own data. Gartner predicts, that by
    2022, more than a billion people will have some
    of their data stored on a blockchain, but it will
    not be up to their knowledge.

5
Finance and Economy
  • The most important sectors that make a country's
    economy is Banking and Finance. These both
    industries face a lot more issues likes data
    storage and transaction delay which can be solved
    by implementing blockchain technology.
  • ReiseBank AG in Germany completed instantaneous
    payments between two of its clients using
    blockchain technology on a cross-border basis in
    around 20 seconds. According to recent PWC global
    fintech report , by 2020, 77 of financial
    institutes are expected to adopt blockchain
    technology as part of an in-production process.

6
Blockchain With AI and IoT
  • Many IoT based companies adopt blockchain
    technology for their business solutions. The
    International Data Corporation (IDC) is expecting
    that 20 percent of IoT deployments will enable
    blockchain services by 2020.
  • This is because blockchain technology provides a
    secure and scalable framework for communication
    between IoT devices. It also is high resistance
    to cyber attacks.The International Data
    Corporation (IDC) suggests that global spending
    on AI will reach 57.6 billion by 2020 and 51 of
    businesses will be making the transition to AI
    with blockchain integration.

7
Demand for Blockchain Experts
  • Blockchain is a new technology and there are only
    a few percents of individuals who are skilled in
    this technology. As this blockchain technology is
    becoming a fast-increasing and wide-spreading
    technology, there creates a situation for many of
    us to develop skills and experience about
    blockchain technology.
  • Even though the experts in blockchain fields get
    increasing, on the other hand, the implementation
    of this technology has a rapid growth which will
    create a situation for the demand of Blockchain
    experts by 2020.

8
Bitdeal
  • We, Bitdeal - Leading Blockchain Development
    Company provides you a way to hire our Blockchain
    Experts who are most dedicated and have more than
    5 years of experience in Blockchain technology.
  • To know more predictions and industries that
    blockchain will distrupt in future , have a look
    at this article
  • Blockchain Predictions 2020 Predicting The
    Future Technology In Finance And Industrial Growth
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