6. Blockchain
Blockchain technology, the next on the list of technologies of the future 2020, has been around for a while and it’s the backbone of cryptocurrencies, such as Bitcoin. On a larger scale, blockchain is a type of distributed ledger. In it, transactions and sequentially grouped into blocks. While they’ve been used predominantly for cryptocurrencies up until now, more and more industries are taking into consideration adopting the model. The music industry, for instance, believes this might be a solution that would add more transparency to the business while reducing business friction, thanks to the transparency of the information in the chain.
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