People often confuse the Blockchain with Bitcoin, but they are not. The Blockchain is an open-source technology that allows digital information to be shared across multiple computers on a network to create an immutable, secure and decentralized database. It has implications across many industries, and some have even dubbed it the future of the Internet because of how transformative it will be in the coming years. According to other industry experts, here are some of the top trends that you can expect to see come 2022.

1) Asset’s tokenization

A significant trend that is catching momentum is asset tokenization. Companies will issue tokens linked to their assets and sell them on public blockchain platforms such as Ethereum and Waves. This is an efficient way for businesses to raise capital while building their offerings. These tokens can then be used by investors who want a stake in these ventures. In theory, if there’s an increase in demand for those tokens, their value will also increase, creating additional value for investors.

2) Progress in Innovation

Startups who want to integrate blockchain technology into their products and services can hire blockchain developers. For example, when StreamSpace decided to create its Blockchain to decentralize digital entertainment and streaming media, it hired such a company as soon as possible. The team of developers at that company developed StreamSpace’s distributed ledger solution (SSP-Token) powered by Ethereum technology.

Also Read: How To Grow Your Startup With Blockchain In 2022?

3) BAAS(Blockchain-as-a-service)

Do you need to get up to speed with Blockchain? If your answer is yes, then Blockchain-as-a-service (BAAS) is one of the most efficient ways. BAAS enables you to outsource blockchain development services and helps you quickly develop any application on top of a blockchain platform, eliminating any need for the initial development of complex infrastructure. As more companies start adopting blockchain technology, there will be an increasing demand for BAAS as an affordable service.

Which industries will be greatly adopting Blockchain in 2021-22?

The finance industry is one of the most obvious candidates for blockchain implementation. Still, health care and big data analytics are also emerging as key industries that will be impacted by blockchain development. Most recently, Walmart has announced a partnership with IBM to develop a food-tracking blockchain that they plan to launch by September 2018. As a result of its potential adoption across multiple industries, Blockchain is emerging as one of today’s biggest buzzwords.

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