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Top 5 blockchain trends for 2022 and beyond

  • 3 wk ago

Blockchain, the underlying infrastructure behind cryptocurrencies, is likely among the most transformative technological innovations of our age, with promising use cases for many industries.

In a nutshell, blockchain is an open and censorship-resistant database model, secured by encryption and decentralization. Blockchain records information in blocks on a shared ledger, storing a synchronized copy of it on all the systems participating in the network, hence assuring its immutability.

As companies start recognizing the benefits of this technology, we’ve seen exciting new blockchain developments this past year. Below we’ll take a look at five of the biggest blockchain trends of 2021 and what they might mean for the next year.

Blockchain in supply chain

Blockchain can be a game-changing technology for multiple sectors, especially for the supply chain industry. Increasing globalization has created more complex distribution processes than ever, creating new challenges in supply chain management. Blockchain infrastructure can be applied to create more transparency and automation in supply chain processes on a global scale.

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