Here is the list of top 3 trends in Blockchain technology:-
- Asset’s tokenization
The concept of tokenizing high-value assets viz. exotic
automobiles, art, real estate, and more is very intriguing and can be a bit
esoteric to blockchain startups. So, this will emerge as a great trend in the
coming year.
- Progress in Innovation
When it comes to various industries in this technology world, innovation
i.e. fast and furious must be looked upon before going ahead with your
business. For example, Fidelity in FinTech and Walmart in the supply chain
management industry, Ford in auto space, etc. are already hitting the ground in
this technology. Coming to the innovation, Devery will help businesses by
leveraging trustworthy, unique, and verifiable identifiers for goods and
services stored on the blockchain.
- BAAS(Blockchain-as-a-service)
It is one of the hot topics today and becoming an interesting trend.
Amazon web services are the proof which has recently joined the BAAS providers
that includes Oracle, HP, Microsoft, SAP, and IBM. BAAS helps organizations by
allowing them to test DTL (distributed ledger technology) with any risk of
deploying it in-house and the capital costs.
Which industries will be greatly adopting Blockchain
- Food industry
Blockchain Technology Services will stir up the food industry and expose everything
that is almost impossible to detect right now. This will keep everything on
track and work with transparency. It will become much easier to trace where the
perishable goods are coming from and where the perishable goods and expired
goods are being stored. After the implementation of blockchain in the food
industry, it will become impossible to do any work in secret.
- Logistics and transportation industry
The transportation industry is one of the most complex industries
in the world, with many moving parts. Sending an item from one place to another
involves a large amount of paperwork, from the tracking of the object to the
management of the mode of transport, the people assigned, the operating costs,
and the nature of the time box of the work. It requires a lot of effort and
there are many things that can go wrong.
Blockchain can help improve the process of registration in this industry, introducing transparency and traceability and, therefore, allowing all those involved to monitor each step of the process and identify errors, mis-categorizations, and mismanagement.
- Gaming industry
Some game franchises are already using blockchain, and
cryptocurrency-enabled payments for in-game asset purchases. Players are
already familiar with several currency models in the game. However, Blockchain
can provide support to the gaming industry beyond financial transactions.
Blockchains can provide decentralized asset exchanges for players, which will prevent many scams.
- Art industry
The art industry suffers from art forgers and thieves every year
because it becomes more complicated to demonstrate the authenticity and ownership
of art.
Therefore, Blockchain Technology Solution is an excellent way to secure the origins of the work. In addition, this innovative technology eliminates the middleman who saves a lot of money for artists, art dealers, and collectors.
We now know how the blockchain industry is rapidly gaining momentum and which industries will start using it rapidly. Many big companies have started providing cloud-based services. A lot of blockchain developers will be hired and the scope of making a career in it is also increasing rapidly.
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