Blockchain is an emerging technology that can radically improve banking, supply chain, and other transaction networks and can create new opportunities for innovation. Businesses contain many examples of networks of individuals and organizations that collaborate to create value and wealth.
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks.
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THE FUTURE OF BLOCKCHAIN TECHNOLOGY: TOP FIVE PREDICTIONS FOR 2030 .
Prediction # 1: Government Crypto
By 2030, most governments around the world will create or adopt some form of virtual currency.
The government currency of the future is inevitably crypto. Compared to the traditional fiat alternative, cryptocurrency is more efficient, provides reduced settlement times, and offers increased traceability. Cryptocurrency can also be backed by real assets, similar to fiat currency, and its price can be artificially manipulated by numerous controls (e.g., monetary policy for “printing” more tokens).
Prediction #2: Trillion-Dollar Protocols
By 2030, there will be more trillion-dollar tokens than there will be trillion-dollar companies.
There is a race among the four most valued companies in the world (based on stock market valuation) as to which one will be the first to reach one trillion dollars in value. Apple, Amazon, Alphabet (Google), and Microsoft are in a race to the “4-comma club.”
What this means is that, in the future blockchain era, trillion-dollar firms will be replaced by trillion-dollar tokens — tokens that support a decentralized ecosystem of entities that together fulfill the role of the mega corporation. We are in the dawn of that era, and there will be more trillion-dollar tokens in 10 years than there will be trillion-dollar firms.
Prediction #3: Blockchain Identity for All
By 2030, a cross-border, blockchain-based, self-sovereign identity standard will emerge for individuals, as well as physical and virtual assets.
If e-mail proved to be the “killer app” for the Internet, identity solutions will prove to be the “killer app” for blockchain. Identity systems, as we know them today, are highly dysfunctional, operating in silos, and insecure. Blockchain-based identity systems will solve these problems. These systems will provide a single source of verification for individuals’ identities and assets.
Prediction #4: World Trade on a Blockchain
By 2030, most of world trade will be conducted leveraging blockchain technology.
One of the most promising areas where blockchain can provide significant business value is global supply chain. In its current state, world trade is conducted via a chaotic, fragmented set of business relationships among parties that are untrusted. This results in inefficiencies, errors, and fraud. This is a set of real-world business problems that are currently unsolved and cannot be fully solved without using blockchain technology.
Some examples of real-world supply chain problems that need to be solved are:
- Counterfeit medicines in the pharmaceutical industry
- Food supply chain in China (the tragic case of adulterated infant formula)
- Fake Louis Vuitton handbags and other fashion apparel in Asia
- Counterfeit auto parts in North America
- Grey market or counterfeit electronic equipment, including medical devices (World Health Organization (WHO) estimates that 8% are fake)
Prediction #5: (Blockchain4Good)
By 2030, significant improvements in the world’s standard of living will be attributable to the development of blockchain technology.
Poverty and income discrepancy are arguably the hardest problems for humanity to tackle. More than 10% of the world population, more than 750 million people, live on less than $2 a day. More than 2 billion people are considered to be unbanked and have no access to financial services. Though the overall living standards increase, and world’s GDP is on the rise, the rich get richer and the poor get poorer.
By: Kate Mitselmakher, CEO, Founder and General Partner of Bloccelerate. Hear Kate talk in Silicon Valley at the Blockchain Expo.
5 Blockchain Trends Everyone Should Know About - Forbes
According to one report, the use of blockchaintechnology to secure data and devices in the internet of things (IoT) doubled during 2018. This trend is likely to continue next year and beyond, as more organizations wake up to the potential of distributed, encrypted ledger technology in this field.Jan 28, 2019
- Less Hype and Scams, More Substance
- The Blockchain and Internet of Things Convergence Continues to Gather Pace
- More Blockchain Offerings from the Financial Services Industry
- More Investment Opportunities
- Bitcoin (and other cryptocurrencies) will still be big business
Bernard Marr is an internationally best-selling author, popular keynote speaker, futurist, and a strategic business & technology advisor to governments and companies... Read More
Why should you take Blockchain course ?
According to the World Economic Forum, 18% of the world's GDP will be on Blockchain related technologies by 2025 - which expected to 2.5 trillion and part of Blockchain would be 450bnBill & Melinda Gates Foundation aims to use Blockchain technology to help the two billion people worldwide who lack bank accounts
Average yearly salary for "Blockchain Developer" ranges from $85k for Application Developer to $115k for Sr. Software Engineer as per indeed.com
Blockchain Certification Training will provide an overview of the structure and mechanism of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms. You will learn the importance of consensus in transactions and how transactions are stored on Blockchain. You will learn to setup your own private Blockchain and deploy smart contracts on Ethereum. You will also learn to deploy the business network using Hyperledger Composer.
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