The future of blockchain
The year 2019 saw the move from the theoretical Proof of Concept (PoC) stages to the production of some real-life blockchain environments. 2019 was also considered the year of enterprise blockchain, and it is expected that before the end of 2020, we will see more organizations implementing full-scale enterprise blockchain-based projects. The start of 2021 will likely see a significant rise in tokenization and ecosystems built around tokens. A prime example of mainstream tokenization use is DeFi, which currently has billions of dollars' worth of value locked in its ecosystem. In the years to come, this technology is only expected to grow.
In this section, to round off the chapter and give an idea of the scope of blockchain development, there are a few careful predictions, based on current advancements and the speed of progress. All of these predictions are likely to be realized between the years of 2020 and 2050:
- The IoT will run on...