It’s clear that blockchain will revolutionize operations and processes in many industries and governments agencies if adopted, but its adoption requires time and efforts, in addition, blockchain technology will stimulate people to acquire new skills, and traditional business will have to completely reconsider their processes to harvest the maximum benefits from using this promising technology. [2]
The following 10 trends will dominate blockchain technology in 2020:
1. Blockchain as a Service (BaaS) By Big Tech Companies
One of the promising blockchain trends in 2020 is BaaS, short for Blockchain As A Service. It is a new blockchain trend that is currently integrated with a number of startups as well as enterprises. BaaS is a cloud-based service that enables users to develop their own digital products by working with blockchain. These digital products may be smart contracts, decentralized applications (Dapps), or even other services that can work without any setup requirements of the complete blockchain-based infrastructure.
Some of the companies developing a blockchain that provide BaaS service are Microsoft and Amazon, consequently shaping the future of blockchain applications. [1]
2. Federated Blockchain Moves to The Center Stage
Blockchain networks can be classified as Private, Public, Federated or Hybrid. The term Federated Blockchain can be referred to as one ...
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