How Would World Adopt Blockchain Technology in 2020

How Would World Adopt Blockchain Technology in 2020

Blockchain
March 3, 2020 Editor's Desk
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Notwithstanding all the hocus pocus and all the various opinions, the world matches on one thing; they need to welcome blockchain technology. High-level deals are being considered and concluded as you study these lines, and there is no holding the technological advancement, for the advents provide to the difficulties produced by predecessing technologies.  The Deloitte
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Notwithstanding all the hocus pocus and all the various opinions, the world matches on one thing; they need to welcome blockchain technology. High-level deals are being considered and concluded as you study these lines, and there is no holding the technological advancement, for the advents provide to the difficulties produced by predecessing technologies. 

The Deloitte Global Blockchain Survey for 2019 also shows that as many as 53% of Tier 1 organizations consider the crucial need to adopt blockchain technology. While on the other hand, about 43% also think that it is overhyped though without any actual grounds. 

The world to welcome blockchain technology in 2020 

Mike Walker is a notable technology expert working with Microsoft as the senior director of Applied Innovation and the community as a member of Forbes Technology Council. Walker thinks that technology is a swiftly growing eventuality in 2020. Speaking about the overhyped tag that is demonstrating to be a barrier for organizations and countries attempting to embrace blockchain technology can be dealt with through joint efforts. 

How would the world adopt blockchain technology?

To make things manageable, Walker recommends that the primary reason for this overblown tag appears to be the bling following methodology; many industries changed instead of lean growth, concentrating principally on business outcomes. Walker advances that to assure mass adaption, blockchain companies and startups should now focus on business value and laid out plans that encourage the same. 

This would turn the investors’ focus from the viability of the technology to the sustainability of the business, in turn, provide easier decision making. 

Conclusively technology is an improvement in terms of security and speed; nonetheless, it has long spent the time to accomplish these use cases while most startups comprehensively overlooked the business case. A shift from the viability to the productive usability would support mass adaption across the globe and the world to welcome blockchain technology.

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