Future

As the Special Money Act passed the South Korean National Assembly's plenary session, the Enforcement Decree is in full force.

Cash (fiat currency such as dollars, pounds, hryvnias, shillings) will not be killed by Bitcoin (BTC) or any cryptocurrency or become superfluous in the near future, even though the trend is progressively towards more altcoins and other forms of virtual assets.

Up to now, it is not yet well known what technical standards blockchain technologies must meet to produce the legal effects of electronic time validation. However, it seems that in the near future, Italians will need blockchain to carry out digital notarization and copyright protection.

According to the significant technological change that has occurred in the past decade, we can now be sure that the integration of innovative tools including blockchain, distributed ledger technology (DLT), and general data protection regulation (GDPR) standards are somehow sufficient and able to ensure the security and privacy of personal data in future Internet systems.

The Swiss Blockchain Federation (SBF) has published a manual titled “Tokenized Equity, Guidelines for Issuers of Equity and Related Tokens” that clearly indicates the willingness to give clear indications.

Due to the way sports are massively loved and supported globally, tokenization is a new solution that will have a strong impact on the future of gathering capital in the games and sports industry.

Let us take a look at the future and formulate hypotheses on the new trends that will characterize the technological scene in 2020 and beyond. We will try to do this by focusing on the predictable areas of application in the Digital Trust sector, i.e. services and solutions that guarantee the security, confidentiality and legal certainty of cryptocurrency transactions, such as blockchain and distributed ledger technologies (DLT).

The distributed ledger technologies (DLTs), better known as blockchain, will be the operating platform of future proof models in healthcare and medical services. This is why a connective system of data and processes will be able to overcome the problems of the National Health Service (NHS).

In recent months, the race for the development of a central bank digital currency (CBDC) has been accelerating. The latest warning shot was launched by Chinese President Xi Jinping, who publicly stated the need to invest in a core technology like the blockchain.