3 Blockchain and Cryptocurrency Trends in 2020 to Look out For

Posted by

We are looking positively to the future of blockchain technology. Right now we already have seen a few blockchain projects make some steps forward. With the supply chain industry making big strides forward for blockchain adoption. Together with other examples with exciting initiatives in the energy market and asset tokenization being other prime targets in 2019 and onwards.

But looking into 2020 and here are 3 blockchain and cryptocurrency trends that we think will interestingly shape the blockchain and cryptocurrency landscape.

#1 Can DeFi live up to expectations?

One of the most talked-about areas in blockchain and cryptocurrency space, is the DeFi industry. Which stands for decentralised finance. And it’s a broad term for new financial products and services that are rising in this merging blockchain and crypto space. 

With the likes of Ethereum blockchain being the obvious name for future use cases.

There are examples floating around in the community that today’s crypto funds used for DeFi projects has increased in usage with more than 65x since 2017.   

So what the entire community is hoping for is that one big DeFi projects that will go beyond niche usage and become a mass adoption example. Where people who today have only heard about Bitcoin might also get to know Ethereum. Or other blockchain projects.

So the question is can it live up to expectations. Will there be any mass-scale DeFi projects that will show up in 2020? We are not sure, we believe other markets like the supply chain industry will still lead the way.

#2 Crypto regulation will become clearer

For a long time the non existence of regulations for the cryptocurrency market have been used as the number one example of what is hindering further cryptocurrency adoption. But on a global scale debate and discussions for how to classify, regulate and promote adoption of cryptocurrencies have been slow.

And this slow and sometimes conflicting messages coming from countries to the likes of the European Union (EU) has not helped to ease large financial institutions to welcome cryptocurrencies fully. 

What we are seeing is that banks and other traditional institutions are waiting for the green light to fully enter the cryptocurrency space. With reports of many banks being ready on the sidelines. For example there are reports that banks have cryptocurrency products like crypto wallets. But they are waiting for the right time to release them.

And what will be a big push forward is greater clarity of regulations from governments and global initiatives like the EU, G7, etc.

#3 Better investment opportunities

For those who have been around the crypto space for some years now we can easily say that buying cryptocurrencies is today easier than ever before. For a long time it was often somewhat dodgy online exchanges that were your only choice for acquiring cryptocurrencies.And sometimes that is still the case if you are looking to buy some more unknown altcoin (altcoins are other cryptocurrencies than Bitcoin).

But today we are ‘blessed’ with a new line of cryptocurrency brokers. Where buying and selling cryptocurrencies is easier than ever before. And for the likes of non-techies that are just comfortable enough sending funds via their internet banks (crypto brokers examples here).

But what we also want to see happen is the emergence of better crypto wallet opportunities. Now crypto wallets these days are easier to use than ever before too. But the steps necessary to take for beginners can still be overwhelming.

So perhaps the biggest innovation opportunities are for storing cryptocurrencies in a safe and easy to use place for newcomers. There is still a gap in buying and storing situations for crypto.

So what we are hoping for is big steps forward to make it easier to buy, sell and store cryptos. But also help to move the adoption-needle forward. If not for the sake of the technology itself, but for the community that wants nothing more than comfort in their interest and investments.

What do you think? Do you agree with these blockchain and cryptocurrency trends? Let us know.


Disclaimer : This and other personal blog posts are not reviewed, monitored or endorsed by Cryptoknowmics. The content is solely the view of the author and Cryptoknowmics is not responsible for the authenticity of content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Leave a Reply

Your email address will not be published.