Top 10 Upcoming Blockchain Trends You Should Expect By 2030
This article compiled the 10 upcoming Blockchain trends you should expect by 2030
Blockchain is a rapidly growing technology – be it medical, financial or educational fields, blockchain has made its presence felt. Considering how fast blockchain technology is evolving, it makes perfect sense to take a look at the top 10 upcoming blockchain trends you should expect by 2030. Here you go!
1. Decentralized access to value-creating assets
As a result of blockchain technology, value-creating assets can be made available to everyone. What seems to be surprising everyone right now is the fact that blockchain offers opportunities for tokenization at all levels. This is the very reason why we get to see major NBA players turn their sports contracts into digital tokens.
2. Health services
Data protection is of utmost importance in healthcare, which is why blockchain technology is in demand here. However, what should be noted is the fact that record security is not the only blockchain trend in healthcare, as blockchain technology is also helping to establish pharmaceutical supply chains.
3. Better living standards
What appears to be a point of concern is the reality that there are more than 2 billion unbanked people who do not have access to financial services. This is the reason behind inequality when it comes to living standards. We will, blockchain technology to the rescue that it is. This technology has the potential to shrink the poverty gap by increasing financial inclusion and reducing corruption, among other things.
4. Universal Self-Sovereign Identity (SSI)
This is the era of digitization, and what could be better than a concept that is associated with the way identity is managed in the digital world? This is exactly what Self-Sovereign Identity’ has to offer. This allows users to create and control their own identity.
5. Blockchain-as-a-Service (BaaS)
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 basic blockchain. How amazing is that?
6. Property
Blockchain technology has also benefited the real estate sector. Important trends in this sector include various applications, from investor and tenant identification to capital and property management. Blockchain technology has enabled companies to increase data availability and ensure transparency, and increase the efficiency of work processes by automating them.
6. Global supply chain
Blockchain technology has a central role to play in the global supply chain. It has the ability to prevent problems such as counterfeiting or gray market of medical equipment, medicines, fashion clothes, auto parts, etc. With this, it is expected that most of the world trade will be done by utilizing blockchain technology.
8. Public use of virtual currencies
Blockchain is the technology to be credited for behind the success of the majority of cryptocurrencies. As the use of cryptos grows, various governments will have to find a way to create and implement some form of virtual currency to be a part of economic growth.
9. Marketing
As blockchain stands for the ability to monitor and measure the effectiveness of advertising campaigns, minimize cases of advertising fraud, among other things, there is no doubt that blockchain in marketing could be one of the most sought-after blockchain trends. Blockchain also helps with automatic censorship, removal of virtual accounts and verification of advertising engagement.
10. FinTech
The financial sector appears to be the industry most affected by blockchain technology. As for the latest trends, it seems that the tokenization of assets and the launch of digital currencies have ruled the world. All in all, blockchain has every opportunity to revolutionize the traditional financial system.
