The blockchain economy in 2020
Hey 👋🏻 In this post, we will talk about the blockchain economy in 2020.
Many enterprises are in no hurry to use decentralized solutions and blockchain technology until it becomes mature or they have an incentive. Regulatory requirements such as GDPR, for violation of which organizations can be fined up to 4% of their annual income, are just one of the incentives that will force companies to move towards decentralized customer records in the near future.
However, regardless of whether they are subject to GDPR or not, organizations can benefit from the privacy by design approach - preventive measures that reduce risks in the processing of personal data, for example, by minimizing the amount of data (deletion of inactive or erroneous customer data).
💡 What should enterprises pay attention to in 2020 in order to remain competitive:
📌 Organizations need to pay serious attention to client-oriented blockchains that improve their user experience.
📌 Enterprises should take care of the security of customer data and conduct an assessment of the risks of confidentiality. This will help create a business case for engaging the blockchain.
📌 It will not be amiss to join at least one blockchain consortium with the participation of competitors and other organizations that can have a decisive influence on the industry.
Blockchain technology is a symbol of decentralization, the transfer of control over data to customers who are now free to dispose of it. IT leaders need to rethink the blockchain strategy in anticipation of the growth of the user base, which will not put up with the fact that someone else owns its data.
✅ The PZM Cash cryptocurrency is implemented on the blockchain and is focused on the development, improvement and expansion of the functionality of decentralized applications. PZM Cash uses the common and simple JavaScript. This feature makes the platform accessible to a large number of developers and provides the scaling and development of use cases. In other words, users do not need to learn any special languages in order to develop their own decentralized applications (dApps) for PZM Cash.
✅ The main characteristic of PZM Cash is its orientation to the rapid scalability of both the money supply and the offer of services from developers and partners. The development and scaling of the PZM Cash infrastructure can be carried out in several directions.