Blockchain technology has become popular due to the successful adoption of cryptocurrencies like Bitcoin. This distributed digital ledger technology has many advantages as it can keep the records of all data made between any two parties in a secure, immutable and transparent manner. In 2020, there’ll be a number of blockchain projects to watch out for. Here are some notable mentions to keep up to date with.
HyperLedger is an open-source collaborative project between enterprise institutions and corporations to support the development of blockchain technology.
Currently, Hyperledger has over 250 members. Such members include big hitters such as Accenture, Deloitte, Fujitsu, Xiaomi, Cisco, Hitachi, Huawei, Intel, IBM, Moscow Exchange, SAP and Samsung SDS.
HyperLedger’s goal is to form a consortium with the intention of supporting the development of enterprise-grade and cross-industry platforms to utilize open distributed ledger technology. Hyperledger is like an umbrella project that intends to supply the necessary framework and standards to build open-sourced blockchains that become widely adopted.
Ethereum is a decentralized project backed by a consortium known as the Ethereum Enterprise Alliance (EEA). Members of the EEA include entities such as Accenture, BlockApps, BNY Mellon, CME Group, ConsenSys, IC3, Intel, J.P. Morgan, Microsoft, Nuco, Banco Santander and many more.
Since EEA’s inception in 2017, the consortium has added Mitsubishi UFJ, DTCC, Deloitte, Samsung SDS, Infosys, and the National Bank of Canada into their fray.
EEA’s goal is to connect Fortune 500 companies, startups, and government institutions with Ethereum developers and experts, today the group has over 300 members.
Stellar is a multi-currency payment backend that tens of thousands of people use every day. It’s decentralized, open-source, and developer-friendly, so anyone can issue assets, settle payments, and trade.
Stellar is a blockchain, but it works more like cash—Stellar is much faster and cheaper than bitcoin, for example. And it uses far less electricity.
Stellar is a blockchain project dedicated to connecting payment providers, banks and people together. Backed by a strategic partnership with IBM, Stellar has become a popular rival to Ripple, another leading bank and financial services related blockchain project.
The team behind Stellar have been busy expanding their clientele and have collaborated with over 48 organization to date including SHIFT Markets, Lightyear, STRIPE, and Wanxiang Group. Stripe is Stellars most interesting partnerships as the payment system provides support to over 100,000 businesses including OpenTable and Warby Parker.
Ripple is a blockchain project designed to connect banks, payment providers, digital exchanges and corporations together. Ripple is the leading project to collaborate and form strategic partnerships with numerous banks around the world such as; Commonwealth Bank of Australia, CBW Bank, Cross River Bank, Santander, UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu Dhabi(NBAD), Standard Chartered, National Australia Bank (NAB), Siam Commercial Bank and Shanghai Huarui Bank.
Focusing on growing a clientele of banks, Ripple has also begun to establish strong ties with payment processors, exchanges and remittance services such as Western Union.
Aergo is looking to create the most practical platform for businesses and developers to build decentralized applications and enterprise-IT solutions.
They are a Hong Kong-based not-for-profit organization with offices in South Korea and the UK creating the building blocks of the next revolution in information technology.
The VeChain project started in June 2015, focusing on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer.
Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real-world business applications adopted by reputable enterprises across multiple sectors worldwide.
By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable ecosystem. VeChain is a strong choice for ‘blockchain projects to watch out for in 2020
VeChain currently operates out of seven offices located in Shanghai, Singapore, Paris, Luxembourg, Palo Alto, Tokyo and Hong Kong, with the international professional team of over 100 staff members including over 50 professional blockchain application developers.
VeChain actively works with top-notch universities worldwide in its blockchain R&D capacities, such as Tsinghua University, Stanford University, MIT, Oxford Mathematical Institute, Dartmouth College, City University of Hong Kong and South China Normal University. Additionally, VeChain is one of the leading firms globally in terms of blockchain-related patents.
Here is a complete list of VeChain’s partnerships
A blockchain project based in South Korea that plans to hyper-connect private and public institutions by developing a decentralized network of communities that consists of financial institutions, insurance, universities & hospitals.
ICON, WAN and AION announced on December 2017 that the three independent projects will come together to form the BIA, an advocacy group centred around promoting interoperability between the disparate networks.
Up to date, ICON’s biggest partnership is with Line, the popular Japanese messaging app that has over 200 million users signed up for the social platform
Qtum is an open-sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and the revolutionary x86 VM. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts.
In 2015, the Omise Blockchain Lab was formed to explore avenues through which blockchain technology could solve real-world payment needs for businesses. After a few years of research and testing, OmiseGO (Omise Go Pte. Ltd.) was established in 2017 with a mission to enable people to securely access financial services, invest, exchange and spend digital assets anytime, anywhere.
Leveraging payment and blockchain expertise, OmiseGo works with enterprises, startups and non-profit organizations to form their payment and eWallet strategy, provide technical consulting services and implementation support, and co-create new products.
Brave is on a mission to fix the web by giving users a safer, faster and better browsing experience while growing support for content creators through a new attention-based ecosystem of rewards.
As of today, there are + 34K detected Brave Browser/BAT, Website publishers. Check out the notable platforms below:
10 Blockchain Projects To Watch in 2020 Wrapped up
And that’s our blockchain projects to watch out for in 2020. This list is by no means exhaustive, but we do hope it will serve some great projects to review. If you liked our post, feel free to share on your favourite social media channel ad copy us in. Take care from the cryptocindude.com team.