Blockchain in 2020

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Blockchain in 2020

• WWW.BITDEAL.NET

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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.

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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

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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.

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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.

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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.

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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.

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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