Updated: Jan 19
Look for blockchain to mature, artificial intelligence and machine learning to improve cybersecurity, and edge computing to see higher adoption rates.
If blockchain felt more like hype than reality in 2019, prepare for that to change. Industry watchers expect 2020 to be the year the distributed ledger technology matures and we see use cases that go beyond cryptocurrency.
Areas where experts envision growth include data security, the supply chain and electronic health records.
“Someone's gonna hit me, but I think blockchain as it relates to data security (think access management) is going to have some landmark use cases in 2020,” Siobhan Climer, science and technology writer at Mindsight, said during a recent IDG TECH(talk) Twitter chat.
Ed Featherston, a technologist at Cloud Technology Partners whose expertise includes blockchain, big data, machine learning, IoT and cloud computing, agreed, saying he still believes in the potential of blockchain and predicts its use will grow in 2020.
One of the biggest areas in which blockchain is growing is supply chain and provenance,” he said during the Twitter chat. “Pharma (and healthcare in general) are also looking and investing heavily in blockchain options: drug supply chain — opiates especially — clinical trial data, electronic health records. Chain of custody/chain of events is always a potential use.”
Climer concurred: “Anything that involves tracking of a noun – person (law enforcement/government/travel), things (medicine, products, packages), ideas (patents, perhaps) – so much potential there.”
In writing about the expectations for blockchain in 2020, Computerworld's Lucas Mearian said that while the technology “has not lived up to expectations to drive new societal and business models” – and most projects remain in experimental mode – it is far from being a failure.
“Its promise to deliver a single version of data truth over a secure, distributed and immutable ledger remains compelling, and as it matures, many see it becoming a ubiquitous platform for financial services, ecommerce and other markets,” he wrote.
As blockchain begins climbing out of the hype cycle, pragmatic use cases will arise. Some of those include payment processing, data sharing, equity trading, and contract/document keeping and tracking, Mearian wrote. We can also expect the technology to be used to thwart fake news, for digital securities exchanges, and to manage consumer identities.
More AI and machine learning
Artificial intelligence (AI) and machine learning (ML) will be used more in 2020, experts say. In particular, they’re looking forward to their use in cybersecurity, collaboration technology and telepresence, and production quality.
“I am excited to see AI and ML being used more fully in the world of cyber. Much of this will initially be offered as a services,” said Schott Schober, a cybersecurity and wireless expert and author of the book Cybersecurity Is Everybody’s Business, during the IDG TECH(talk) Twitter chat.
In fact, a recent Computerworld poll about technology trends for 2020 found 43.9% of people are most looking forward to AI-enhanced cybersecurity. It’s no wonder, considering increases in the number of cybersecurity incidents. In 2019, at least 5.3 billion records, including credit card numbers, home addresses and phone numbers, were exposed through data breaches. Organizations need help identifying threats and preventing breaches, and given the shortage of cybersecurity professionals, AI can help them bridge that skills gap.