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Blockchain Open Issues, Research Gaps, and Road Map of Future Blockchain for 2030: Charting the Digital Future
Abstract
The future is great for blockchain technology. Blockchain market size can grow from 3 billion USD to 39.7 billion USD by 2025. Thirty percent of blockchain projects might go live this year. There is another prediction that 90% of those projects might have a substitute solution. Twenty-five percent of Forbes Global 2000 might start implementing blockchain for improving digital trust. The implementations might not use tokenization, smart contracts, decentralized consensus, and other features. The latest solutions during COVID-19 lockdown are becoming the reference solutions for the blockchain initiatives. The number of enterprises that are part of the blockchain networks has significantly increased. On the other hand, long-term blockchain implementations are on hold. Future projects are focusing on creating a digital platform for post-pandemic scenarios. Private blockchains are becoming popular, and they will have a bigger market share compared to public blockchains. European countries are coming up with their cryptocurrency, and China is ready with its crypto yuan.
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