Decentralized Finance: What You Need To Know?
by Blockchain council Blockchain certificationsEven if you have rudimentary knowledge about Blockchain, you
would know that this is one of the most popular technologies paving the way for
a lot of development and changes. As per Gartner, Blockchain is one of the
hottest selling technologies and the most promising one too. In fact, as per
Tech Crunch, it is the second-fastest-growing labor market that is extensively
looking for skilled Blockchain
professionals. However, interoperability and scalability are the challenges
which the public Blockchain faces, despite these hurdles, Blockchain technology
is slowly progressing and making its way as a leading technology.
Here some of the Top Most trend of
Blockchain :
1. Its Adoption Is Going To Grow- In
the times to come the adoption of Blockchain technology is going to grow. You
are going to witness its impact across the different business segments. We
already have companies like Amazon, IBM, Apple, and Facebook aggressively
working towards the adoption of this technology.
2. Stablecoins- We already know that
cryptocurrencies have created a digital financial revolution. But, these have
been highly fluctuating. Hence we now have the surge of stablecoins. As evident
from the name, they are more stable, and its pricing is not that fluctuating.
It is expected that we will witness the proliferation of stablecoins in the
near future.
3. Blockchain network and interoperability-
We have already mentioned about the challenges of the current Blockchain
system. In the times to come, we will see a growth in the functionalities of
Blockchain. It would now be easier to send Ether Block to another Blockchain
network, which currently is not possible.
4. Finance and economies will adopt Blockchain-
Yes, as per the report of PwC, around 77% of financial institutions are going
to adopt Blockchain technology by the end of 2020. With the help of Blockchain
technology, we can expect the conventional financial system to get rid of
redundancy red-tapism, validation, and verification process, which consumes
more time. With the help of Blockchain, we can expect faster results and better
transaction rates.
5. Blockchain and IoT- Another area
that needs a mention here is how Blockchain is going to blend with another
technology, i.e., IoT. We are living in an era where connected devices have
become very common. It brings a lot of information in the virtual work. With
Blockchain’s help, we can expect the system to be safer and free from any risk
of losing data. As per the International Data Corporation (IDC), around 20% of
IoT deployments will enable Blockchain services by the end of 2020
With all these sets of developments, Blockchain has
become a popular technology that can aid other services to become better. The
conventional technological platforms that we use are prone to attacks and other
vulnerabilities. With Blockchain’s help, we can surely expect things to become
more in control of the user and offer a safe and secure platform.
What’s next?
It is going to be one of the leading technologies and
is a great career option. You can choose the Blockchain
certification course offered by Blockchain Council. These online
certification programs are a great way to ensure that you become a part of the
ever-changing and growing technologies.
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Created on May 29th 2020 00:50. Viewed 452 times.