Although blockchain technology has made major strides in 2019, the technology has a long way to go before it becomes mainstream, IBM Blockchain general manager Marie Wieck said in an interview with Coindesk.
"We have seen many successful blockchain pilots, but unless network participants feel comfortable using it to collaborate and share data at scale, the advantages of distributed ledgers won't materialize," Ms. Wieck said.
IBM has assisted with the release of 100 blockchain networks. This past year blockchain has received more consumer interest, funding and innovation due to peoples' exposure to the technology.
Looking ahead at 2020, community efforts will be needed to expand blockchain, according to the report. This includes developing trusted identity standards and adoption practices. Additionally, continued governance needs to be established for blockchain to be successful.