One of the most eminent technologies of blockchain trends in 2020 is Baas. It is a newly trended blockchain technology that is currently integrated with several startups as well as enterprises. Baas is nothing but a cloud-based service that allows users to build their digital products by incorporating with the blockchain technology. The digital products might be Dapps, Smart Contracts, or any other services that can work without setting up and requirements of the complete blockchain-based networks. Some of the companies developing blockchain networks that provide Baas services are Amazon, IBM, and Microsoft, consequently shaping the future of blockchain applications.
2. Federated Blockchain Networks
Blockchain networks are classified into, private, public, federated, or hybrid. The term “Federated (or) Hybrid” Blockchain can be referred to as one of the lastest blockchain trends in the tech-based industry. It was an upgraded form of the basic blockchain model, which makes it more ideal for many https://digitalproductshelf.com/
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3. Stablecoins
When it comes to bitcoin, generally it has highly volatile. To avoid this stable coin enters the market strongly with the stable value associated with each coin. As of now, stable coins are in the initial stage and it is to be predicted that in the year 2020 stable coins will achieve their all-time high value.
4. Social Media Meets the Blockchain Technology
Approximately, there are around 2.77 billion social media users around the globe in 2019. Introducing blockchain in social media will be able to solve problems like privacy violations, data control, and content relevance. Therefore, merging the blockchain technology with social media is another trendsetting technology in 2020. By implementing this technology in social media, it can be ensured that all your social media data remains untraceable and also cannot be duplicated, even if you delete the data. Moreover, users can store the data more secure and also maintain their ownership. This technology makes users feel more safety and also they can control the data like what others want to see.