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Dear Friends,

The older I get, the more challenging it is to stay up to watch the ball drop. However, to stay young, I gave my daughter a ticket to EDC and told her I would attend. If you don’t know what EDC is, check out the link EDC 2020. We will be joining 400,000 others with our Totem poles and we’re getting a group together for the Las Vegas tour in May. So hit me up if you would like to join the party. Although it is sold out, I can tell you how to attend for FREE!

How appropriate it is to offer our readers a 20/20 vision of 2020. We will only know the results in 2021 using our 20/20 hindsight. But until then, here are the 4 top predictions. In my opinion, standing in the shoes of 2021, overall it will be the ballistic rise in enterprise adoption and production environments. The speed and sustainability will establish legitimacy to the technology.

1. Stablecoins are Real and they are not going away.

It is now a race. J.P. Morgan has a quick start out of the gate with Libra proceeding more slowly. Utility settlement coin Fnality, which is backed by banks like UBS, Barclays, and BNY Mellon are among others. The consumers, merchants and investors are looking to weave these new forms of currency into our economy as the private sector and enterprises have started to adopt them as a medium of exchange internally. The US government is wrestling with regulations as other governments such as Dubai, Russia, Sweden and Japan have been tamed with the IRS Ruling.

2. Enterprises will be Caught Off Guard as the Chinese Accelerate

We have all heard the big news with the largest deployment of blockchain to date - Walmart Canada, developed by our partner DLT Labs (full disclosure), along with the dominant work of JP Morgan and many others. But the real news this year will be focused on the Chinese as the Central Bank Digital Currencies (CBDC) develops the Crypto-yuan. China is serious about launching its Digital Currency/Electronic Payments initiative. The Chinese are now publicly embracing blockchain as "strategically important". Christine Lagarde, serving as President of the European Central Bank, is combating this stating the “EU should develop a zone wide blockchain and cryptoasset platform”.

3. Expect to see Dramatic Innovation in the Decentralized Financial (DeFi) Space with Security Tokens.

It’s just a matter of time until Security Token issuance surpasses IPO’s, and when the markets return to fundraising, it will be a more structured mechanism than previously witnessed with more mature platforms of issuance and settlement.

4. Interoperable Systems and Protocols will begin to Flourish.

Protocols such as Tendermint, Cosmos, Parity, Substrate and the like will gain traction. A multitude of interoperable systems rather than Hyperledger Fabric for most enterprise solutions will start to be considered. The internet of Blockchains will emerge from the whispers of the obscure.

We will just have to wait until 2021 to see if we are correct so until then, focus on your dreams and take massive action to transform them into reality. Remember the expression, some people make things happen, others watch them happen and the rest ask themselves…”What's happening?” 

Be the leader you are committed to be and win!

Happy New Year and Peace,

Richard Brownstein, CFP®

Founding Member

Financial/Banking

JCB Partners with Blockchain-Based Firm Paystand to Replace Japan's Legacy Payment System

Tokyo-based credit card issuer JCB and Blockchain commercial payment provider Paystand will be collaborating to address Japan's outdated legacy payment system that is causing businesses to lose billions of dollars.

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EY Releases New Version of Zero-Knowledge Proof Blockchain to Public Domain

British auditing giant EY has released a new iteration of its zero-knowledge proof (ZKP) blockchain, intending to cut transaction costs by 90%.

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Blockchain to Become Mainstream in Finance

Blockchain technology is expected to be fully adopted by the finance industry in the next 5 to 10 years according to experts.

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Why 2019 Was Actually a Secret Success for Blockchain in Financial Services

Measured by the quality of the projects in 2019, the companies originating them, and the projects’ complexity and advancements to date, it is safe to say that enterprise blockchain in financial services has a bright future and is prime for bigger adoption in 2020.

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Kadena Blockchain Set for January Launch

The blockchain sector received some exciting news this week, after JP Morgan’s blockchain wing, Kadena announced an official January launch date. Kadena brings together a plethora of technologies within the sector with the goal to streamline the entire investment process.

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Insurance

Major U.S. Health Insurance Firm to Use Blockchain Security for 40 Million Health Records

The second-largest health insurance company in the U.S. has announced a new blockchain-based feature that will ensure the security of its members’ private data.

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Retail

KPMG Launches Its Blockchain-Based Supply Chain Tool in Asia

The reign of blockchain is expanding. From Microsoft to Walmart, all the big organizations are trying their hands on blockchain technology. Now joining this long list is KPMG, one of the big four firms, that has recently launched a blockchain-based supply chain tool.

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How Blockchain Tech is Solving Problems in The Supply Chain Sector

As any supply chain professional will attest, it is an industry challenged with massive amounts of data and enormous complexity. Blockchain technology could significantly increase productivity and profitability.

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Upcoming Events

US Blockchain Industry Events

DC Blockchain Summit

March 11-12, 2020 - Washington D.C.

Consensus

May 11 -13, 2020 - New York

Synchronize 2020

March 30, 2020 - New York

Digital Asset Summit 2020

May 13, 2020 - New York

About Alontrus Group

Alontrus Group is a Blockchain consulting, digital transformation and systems integration firm delivering custom financial, insurance, retail and manufacturing solutions that encompass AI, ML and IoT to enterprise companies. They are Protocol, Cloud and Platform agnostic, based in the U.S.A. with global resources.

Alontrus Group Offerings
Alontrus Group

270 Sparta Avenue, Suite 104-334, Sparta
New Jersey 07871 United States

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