What Could Slow or BOOM Blockchain Adoption 2020
For the last two years, crypto asset prices have been in a steady decline with spikes some say have been “pump n dumps” from big whales. Here are some catalysts that could bring more of the same for 2020!
COIN TRIBALISM NEEDS TO STOP
Over and over again the spats “my crypto coin rules and yours may be a scam” just hurts the entire blockchain industry. The technology and not the coin maximal mentality should be driving this new asset class.
The tribal communities should unite, innovate, collaborate, and break down silos. The blockchain industry has many common options to work together and build the best overall practices. I believe in “together we stand and divided we fall “ view.
Fear Of Missing Out (FOMO), not the utilization case seems to rule the day, a whole lot of growing room in this space. That’s what most of us who see the train coming our way- like. It’s really awesome getting to see this new asset blockchain class unfold right before our eyes.
SLOW REGULATION WITH COUNTRIES
The slow regulatory clarity is putting somewhat of a lid on digital assets, but the storm gets stronger and will need to be dealt with. The question is who will get left behind and will that matter in the long run?
This market came from a dislike for the central rule, but are we really ready for decentralization? In my opinion, centralization is still the most proficient, but that will change as AI innovation develops!
CONTINUED INNOVATION KEEPS ROLLING
Innovation has been moving forward at the speed of light, with many new applications daily, blockchain technology is not slowing down any time soon! But like any new technology in the early stages, blockchain is clunky and not easy for the masses. Making the onboarding, using and holding much easier will go a long way toward luring more users
MASS ADOPTION ON ITS WAY
For now, in my view, the lack of digital regulations is going to be an enormous roadblock to the speed of crypto adoption. Another is the ease of use and being able to enter with ease. Like credit cards people really do not care how they work, they just demand they work seamlessly.
I believe most of these new digital innovations will be in the background not noticed, we will just wake up surrounded one day soon. The innovation will not be stopped and countries will be forced to catch up or stay back in the second industrial revolution.
What is your opinion with this new blockchain revolution, have you got your feet wet yet? If not that’s OK the mass revolution has not hit yet.
Bio:
Aviation Technician by day / Technology Blogger by night: In my spare time I love to read & write about future innovation and how it will change our everyday lives. “When autonomous vehicles talk to each other — will we still need traffic lights?” FEED YOUR TECH MIND!
