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As 2020 draws to a close our thoughts naturally start to focus on the year ahead and everything it may hold, so here are a few topics to ponder over for 2021:
1. ESG (Environmental Social Corporate Governance) — Blockchain is likely to play a greater role in storing and the sharing of data as to how organisations need and, indeed, are becoming more mindful, putting ESG at the core of their business strategy. As an example, Topl has built a Blockchain-powered platform which assists organisations to show the link between ESG and financial performance.
2. Nudge Economics — as climate change receives increasing focus there is the potential for Digital Assets to play a greater role in rewarding citizens and organisations for changing their behaviour in an effort to reduce global carbon emissions. With the success of both Plastic Bank and SC Johnson (which paid people to collect plastic) we are likely to see more initiatives like these in 2021.
3. Greater institutional adoption of Digital Assets — much of the infrastructure required over the last few years is now in place: exchanges to trade Digital Assets, availability of custody services and banking facilities, the ability for regulated companies to purchase the required insurance and we are increasingly seeing greater legal clarity in many jurisdictions. In December 2020, Reuters reported the S&P Dow Jones would be launching a crypto index off the back of institutional demand for this asset class.
