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Blockchain is a rapidly growing technology – be it medical, financial, or educational field, blockchain has made its presence felt. Considering how rapidly the developments of blockchain technology are making, it makes every possible sense to have a look at what are the top 10 upcoming blockchain trends you should expect by 2030. Here, you go!
As a result of blockchain technology, value-generating assets can be made available to all. What seems to surprise everyone right now is the fact that blockchain is offering opportunities for tokenization at every level. This is the very reason why we get to see major NBA players turning their sports contracts into digital tokens.
Data protection is of utmost importance in healthcare which is why blockchain technology is in great demand here. However, what is to be noted is the fact that medical record security is not the only blockchain trend in healthcare as blockchain technology also helps establish drug supply chains.
What seems to be a point of concern is the reality that there are more than 2 billion people unbanked who do not have any access to financial services. This is the reason behind inequality in terms of living standards. We'll, blockchain technology to the rescue it is. This technology has the potential to shrink the poverty gap by increasing financial inclusiveness and reducing corruption, among others.
This is the era of digitization and what can get better than a concept that's associated with the way identity is managed in the digital world? This is exactly what Self-Sovereign Identity' has to offer. This allows the users to create and control their own identity.
BaaS is one of the leading blockchain technology trends for 2023 which is why companies like Microsoft and Amazon have already implemented it. Blockchain-as-a-service will act as a cloud service where users can create digital products using blockchain fundamentals. How amazing is that?
Blockchain technology has left the real estate sector advantageous as well. Major trends in this sector include various applications, from investor and tenant identification to asset and property management. Blockchain technology has enabled companies to increase data accessibility and ensure transparency, boosting the efficiency of work processes by automating them.
Blockchain technology has a pivotal role to play in the global supply chain. It holds the ability to prevent problems such as counterfeiting or grey market of medical equipment, medicines, fashion apparel, auto parts, etc. With this, it is expected that most world trade will be conducted leveraging blockchain technology.
Blockchain is the technology to be praised for behind the success of the majority of cryptocurrencies. As the adoption of cryptos is growing, various governments will need to find a way to create and implement some form of virtual currency to be a part of economic growth.
As blockchain stands for the ability to monitor and measure the effectiveness of advertising campaigns, minimizing cases of advertising fraud, among others, it is no doubt that blockchain in marketing can be one of the most sought-after blockchain trends. Also, blockchain helps in automatic censorship, removing virtual accounts, and verifying advertising engagement.
The financial sector seems to be the industry most impacted by blockchain technology. As far as the recent trends are concerned, the tokenization of assets and the launch of digital currencies seems to have ruled the world. All in all, blockchain has every chance to revolutionize the traditional financial system.
