The Booming Technologies in 2020

The world is evolving rapidly and technology is changing by leaps and bounds. The technological advancements have made our lives even faster and easier yet very competitive. People who are very well aware of the changes in technology and the upgraded versions are going towards success. Whereas people who are lacking behind in technology are facing some issues whether its job or studies or any business etc. Everything today is computerized, automatic and full of science and technology. As time is passing we will see more and more innovations in technology.
We are witnessing innovation and development in existing applications that organizations are using. To stay in the market the organizations and people have to keep an eye on what the future will bring for them. What challenges they have to face and what expertise they will need to deal with those advancements. There are few technological trends making hype for the year 2020. Let us discuss them.
Few emerging technologies are making rounds these days on the internet as the next big thing in the year 2020. They are mentioned below:

  1. Artificial Intelligence
    This technology is a machine which has the attributes of human and can perform every task that is being done by us. Most importantly it performs the tasks more accurately as compared to humans. Shortly, it is predicted that this technology will become easily available to everyone and everywhere.
  2. Blockchain Technology
    It is a ledger that records and maintains the transactions about cryptocurrency online. This information is unchangeable as well as non-editable. It’s still in the development phase and due to secured data, big companies and people are planning to invest in this new emerging technology.
  3. Internet of Things (IoT)
    Today the most important and widely used technology is wifi connectivity. Almost everything is slowly and gradually is adapting wifi technology and in IoT, it is being said that this technology will become common in the upcoming years. Our daily chores will be done using this technology and in some places, it has already started.
  4. Cyber Security
    Cybersecurity has always been a threat to the world of technology. Hackers find different ways of hacking the systems and are still trying to learn different, new and innovative techniques. In the upcoming years where new techniques will be discovered by hackers, on the other hand, the big companies are finding ways and spending a fortune to deal and fight with the cybersecurity issues.
  5. Virtual Reality
    This technology is widely used in gaming nowadays. It gives games a real-time touch as the gamers are fighting in the battlefields for real by stimulating their vision and hearing.
  6. Augmented Reality
    It is a technology that gives a 3D touch to an image. The picture seems like a real photo whereas it is seen on your laptops or mobile screens but it gives a live real effect.
    All the above-mentioned technologies are going to change the future of the peoples as well as the world. It will make things difficult and competitive for every human being. Every tech-savvy person and organization will have to keep themselves up to date two-step ahead to achieve success.

Blockchain-Connecting the world to Crypto

In 2008 it all suddenly started mysteriously with the emergence of the whitepaper, that was an unknown entity called Satoshi Nakamoto. This proposed a new peer to peer financial system that was based on Bitcoin (digital cryptocurrency).

The technology which underlying the Bitcoin system is called Blockchain. But the question arises that what is Bitcoin? Probably it is a bit familiar to everyone as we have heard about it from media or somewhere else. So in simple words, the Blockchain is the public data register that is shared or distributed between hundreds and thousands of systems all over the world and all of them are linked together. In other words, we can say that it is registered that is continuously updated about “who holds what” a database of the transaction occurs on the linked network. It is not controlled by a single entity so we can call it a worldwide computer. Blockchain created the backbone of a new type of internet, it allows to distribute digital information but it is not allowed to be copied. According to Don and Alex Tapscott, Author bitcoin Revolution says that Blockchain is an incorruptible digital ledger of transaction that is programmed in such a way that it not only stores the financial traction but also something that has some value.

There is multiple application of this technology in different fields. In the Internet of Things, the blockchain technology has a huge impact. When millions of systems are connected to the security of information and the identity of the system becomes an important issue. So in such cases, the blockchain can become a solution to manage such a large amount of data security and also protecting the ownership and privacy of the data. Smart contracts automatically execute the predefined actions when a specific situation occurs. The main purpose of smart contracts is to provide a high-level security as compared tradition techniques of contracts. It improves the speed of execution and lowers the transaction cost. It is important because it provides the immutable environment, it means that nothing can be modified. As all the blocks are linked so there is no way that the information from the previous block can be altered without changing information in later blocks. Blockchain can be valuable in any situation where keeping a secure and transparent record is important. Many businesses prefer to use Blockchain as there are many genuine reasons to use it. Transparency is a positive attribute that why people prefer to use Blockchain in their businesses. The full transparencies in the network make it most likable technology. There are threats to the information stored in the system as there is nothing secured in the technology world but blockchain promise its users to provide robust security. All traditional financial transactions models are expensive to maintain but the blockchain network is inexpensive. The Blockchain helps to prevent all online scams. People who are involved in the blockchain technology always talk about how to prevent scams. It also saves times as a person can send or receive money or any other financial document securely in a minute.

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