2020 promises serious positive changes in blockchain technology — the integration of artificial intelligence for optimal development and connection with IoT for enhanced security are also expected… Of course, the diverse and distributed nature of this technology implies more global trends, some of which are already becoming a reality, including project #MetaHash.
One of the latest trends, for example, is blockchain interoperability, in other words, the possibility to exchange different information between several systems. This will not only simplify access to data in different networks and accelerate the work but also will become a kind of revolution in the field of decentralization — well-coordinated secure operation of a single global network (which ultimately is the project #MetaHash) is simply impossible when control is in several hands.
There is also a solution to the most important problem of modern social networks, which seems to be indispensable for any user. Introduction of decentralized solutions and distributed registers will help to avoid both breaches of confidentiality and notorious scandals related to data leakage, as well as to control the relevance of information. Here #MetaTalk, the messenger for #MHC holders, the first decentralized messenger designed for convenient and secure interaction between users and completely anonymous communication, is only one of the first steps towards this.
In addition, blockchain technology will allow banks to reduce excessive bureaucracy, conduct transactions faster at lower costs and, of course, increase the reliability of transactions. According to PWC analysts, by 2020, 77% of financial institutions will accept blockchain technology as part of a production system or process. Our specialists are also working on a new decentralized #MetaPay service that will provide a convenient and secure way to transfer #MHC to the user who has placed the module on their website.
Another interesting vector of the industry is the integration of the blockchain into government agencies, which have to administer huge amounts of data. Currently, each institution has its own separate database, which has to be constantly requested from each other. Therefore, the introduction of common blockchain technologies for efficient data management will improve not only the functioning of a separate institute or company, but also the system as a whole. In addition, there will be national cryptographic currencies whose advantages are already recognized by some governments.
Undoubtedly, in the very near future, the blockchain will transform processes in many industries and fields, but it is important not only to stimulate its development, but also completely reconsider its activities to traditional business. Only then will we all be able to achieve maximum benefit from such a promising technology.
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