Top Blockchain Trends to Follow in 2022-2025
We live in a world where Blockchain technology has remarkably changed our lives, there is no denial to it. With the advent of this technology, more industries are exploring its benefits. It’s a method for securing data by using cryptography. Each block contains a cryptographic hash of the previous record, and each record is composed of a growing list of records called blocks.
Even so, it isn’t a SaaS provider like other software companies. Yes, it’s true. Essentially, it’s about decentralized apps (dapps). Not surprisingly, blockchain is growing at an unprecedented rate: from $7 billion in 2022 to $164 billion in 2029!
Though technology changes fast with time. Would you like to take advantage of blockchain technology?
As we look ahead to 2022 and beyond, we see the emerging trends of blockchain technology that will revolutionize our lives.
Keep reading and you’ll find out! 👇
Top Blockchain Trends
1. Blockchain Gaming
There has always been a crypto bubble surrounding blockchain gaming, but now we’re seeing AAA publishers getting involved.
The blockchain-based games are becoming more popular as the industry tries to solve problems. Blockchain games are expected to transcend the barriers of the “early days” with “more features and realistic graphics.”
As we’ve discussed before, Play-to-Earn (P2E) is more difficult to accept than Play-and-Earn. The blockchain will not distract from the core elements of games if they are developed with an entertainment-first mindset.
2. Introducing CDBCs
Central banks are undergoing rapid changes, one of which is the introduction of Central Bank Digital Currencies (CDBCs). A CDBC is a digital version of a country’s fiat currency that can be used alongside a country’s traditional fiat currency.
Several factors may lead to a country introducing a CBDC. For one, it could help to reduce the reliance on cash, which is becoming increasingly unpopular as a payment method. It could also make it easier for the central bank to conduct monetary policy, and help to reduce the costs of printing and distributing physical currency.
Decentralized autonomous organizations (DAOs) are here to stay. The blockchain space is exploding right now with these trends.
So what exactly is a DAO? Blockchain-based DAOs are decentralized organizations governed by rules encoded on the blockchain. This means that there is no central authority figure, and decisions are made democratically by the members of the DAO.
What’s more, DAOs can take advantage of the latest blockchain technology. By harnessing the power of the blockchain, DAOs can further increase their transparency and efficiency while also reducing their costs.
DAOs are still in their early stages, but they have already begun to have a major impact on the way businesses are run. You should keep an eye on DAOs if you want to stay up to date with the latest trends in the blockchain space. They’re sure to be big players in the years to come.
With the rise of virtual worlds and augmented reality, the Metaverse is becoming more and more popular. This trend is being followed by some of the biggest names in the tech and gaming industries, and it is only going to grow in the next few years. Some of the things you can expect to see in the Metaverse are:
-Realistic and immersive virtual worlds
-Use of augmented reality
-Use of blockchain technology
-Social interaction and collaboration
The decentralized finance (DeFi) movement is one of the most exciting trends in the blockchain space. By allowing users to directly interact with each other and with decentralized applications (dApps), DeFi has the potential to revolutionize the way we think about financial services.
In addition to DeFi protocols, there are a number of applications and protocols you should keep an eye on. Here are some of the most promising trends:
- Decentralized exchanges (DEXes): DEXes are decentralized exchanges that allow users to trade cryptocurrencies without the need for a central authority. This means that there is no need to trust a third party with your funds, and you have full control over your trading activity.
- Decentralized lending: Decentralized lending platforms allow users to borrow and lend cryptocurrencies without the need for a central authority. It opens up new opportunities for borrowers as well as users who hold crypto holdings.
- Decentralized derivatives: Decentralized derivative platforms allow users to trade derivatives without the need for a central authority. This means that users can trade a wide variety of assets, including futures, options, and swaps.
- Decentralized identity: Users can manage their digital identities using decentralized identity platforms. This means that users can control their own data, and they can be sure that their identity is safe from fraud and theft.
- Decentralized data: Decentralized data platforms offer safe, secure, and decentralized storage and sharing of data. This means that users can control their own data, and they can be sure that it is safe from fraud and theft.
In 2022, Blockchain as a Service is expected to be a major trend. Moreover, it has already been implemented by companies such as Microsoft and Amazon. By using blockchain technology, users can create digital products using blockchain-as-a-service.
One such project is Hyperledger Cello. A blockchain-based platform, which includes tools and applications, facilitates the creation of digital products.
Now that you’ve seen our list of the biggest blockchain trends currently happening and that are expected to rise in the future. Ready to apply blockchain technology to your business? Let’s schedule a free consultation and discuss your idea!