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While there’s a good chance that many younger readers will have no idea whatsoever about the market-leading Blackberrys of yesteryear, or the hotly anticipated arrival Kinect, it’s fair to say that these topics did spark excitement in consumers a decade ago.
However, technology moves fast, and many of CNN’s mentions have since fallen into obscurity. Despite this, 2020 feels like a true watershed year for the world of technology, and plenty of the releases we can expect to see in the coming months will stay with us throughout the decade in a way that 2010 couldn’t quite match up to. For investors, the following perspective may present a great opportunity to that are still at an early development stage, including remote AR and 5G. And with apps like and , the process to investing is becoming even more simpler. So what is there to get excited for in the coming months? Here’s a shortlist of some of the biggest upcoming trends ahead for 2020:On the other hand, Augmented Reality is pretty much everywhere when it comes to entertainment and gaming - it doesn’t take too long before you pass a gamer on the street.
In the meantime, AR is not only about entertainment and gaming. Companies like focus on crafting AR, VR & MR experiences for businesses (e.g. interactive content for publishers).Blockchain entered our collective consciousness alongside the rise of Bitcoin in 2017 and its practical applications have been hard to ignore ever since.
Acting as a form of distributed ledger, Blockchain is essentially a list of untamperable records that are chronologically ordered and cryptographically signed. We’ve already discussed the importance of cybersecurity in 2020, and Blockchain’s ability to keep sensitive records secure means that the technology can provide users with an unparalleled level of privacy online. Assets can seamlessly be traced back to their origin using Blockchain, which is a great tool for traditional assets, but foresees the technology having the ability to trace food-based illnesses back to the original supplier too. It can also act as an automatic middleman when multiple parties wish to strike a trade deal with each other without the need for a centralised authority. The key and cutting-edge appeals of blockchain comes from its shared and distributed ledger, encryption capabilities, tokenisation and its distributed public consensus mechanism - which makes its records extremely difficult to hack into.Today, there are fears that the powerful new technology is still too far into its infancy for practical usage on a broad scale, but 2020 looks set to be the year where we see Blockchain beginning to find practical applications away from the chaotic world of crypto-assets.Libra is designed to act as a stablecoin. When you hear the name ‘Bitcoin’ the chances are that you’ll envision rollercoaster share prices punctuated by astronomical values and basement price drops. This, however, isn’t the case for a stablecoin. This is because stablecoins like Libra will be tied to real-world assets, like the US Dollar and gold, as a means of ensuring that its price stays - well - stable.
The problem with the cryptocurrencies of yesteryear is that their volatile prices means that there is very little practical use for the Bitcoin and Ethereum holders of this world. That’s where Facebook planned to step in with Libra. The implications of Libra were exciting - and this can still be the case. Stablecoins can bring banking to the unbanked areas of Central Africa and Asia and can potentially pave the way to a universal currency to be used worldwide. Libra will be one of many stablecoin cryptocurrencies to enter the market in 2020, and this newfound wave of technological stability could ultimately herald a newfound era of alternative finance. Only time will tell.