The road to the blockchain revolution has not always been smooth. Most tech experts agree that the potential for new businesses and applications built on distributed ledgers is sky-high, but we are still waiting for that breakthrough year when blockchain transitions from a tech-oriented focus to widespread adoption.
2020 is a new year and the start of a new decade.
I believe we are on the cusp of a blockbuster year for blockchain development and that 2020 will see this technology begin to take its biggest, most world-changing steps yet. As innovators continue to shape the competitive landscape, we will see more products in production and we will begin to see true blockchain-based solutions.
I’ve reached out to some creative and influential thought-leaders in the blockchain space for their predictions for the upcoming year. Their predictions – along with a few of my own — are below.
Products in production
“Those who have been quietly building during the crypto winter will begin to deliver beta and production versions of their platforms. There are many companies that are on the verge of launching their products for the mass market. Those who deliver products that are better than their centralized counterparts will see real adoption. Those that are more complicated for traditional users to implement will arrive, but not see the adoption their communities are hoping for.” — Ben Golub, executive chairman and interim CEO, Storj Labs
“2020 will be the year when software tools (think Stripe, Plaid, Twilio) that exist in the traditional software development stack will be created and adopted in the decentralized software development stack.” — Ben Lambert, principal, Pelion Venture Partners
“Open source projects that use Hyperledger fabric will stay in the lead, not because of resources being injected into it, but because of the volume of overall users and new…