David Schwartz, CTO of Ripple, the developer of XRP, announced the trends that he thinks will gain importance in 2024.
According to Ripple CTO’s predictions, in 2024 artificial intelligence and blockchain combination of technologies, in the fields of cyber security and financial services It will create a revolution. According to Schwartz, artificial intelligence will ensure the security of blockchains and increase global innovation and financial inclusion.
Another trend Real World Assets (RWA) It is thought that it will be tokenized. In the post made by Ripple, “Tokenized RWAs on the XRP Ledger will improve collateralized debt, increase interoperability, and multiply institutional adoption.” It was said.
Blockchains with the use of decentralized identity (DID) security It is predicted that the perception will change. Decentralized exchanges using DIDs, according to Ripple CTO more corporate volume will start to get it.
Ripple Labs’ developer arm RippleX for digital identities on XRP Ledger XLS-40 feature had introduced.
Interoperability in the industry will increase and this a united ecosystem It is thought that it will create XRP Ledger developers introduced a new XRPL standard for a cross-chain bridge so that different networks can work with each other. According to the statement, changes like this It will pave the way for new DeFi applications.
Ripple CTO’s latest prediction, stablecoins It was about. “Stablecoins will reshape global finance by opening new forex channels and reducing dependence on the USD.” In the statement said, The Middle East will lead the use of stablecoins in regional trade agreements specified.