4 blockchain trends to watch in 2021, beyond cryptocurrency
This year, beyond cryptocurrencies, will see more people becoming aware of the far-reaching use of blockchain technology across various industries.
- Since last year, blockchain technology is being employed across the world in a variety of industries to make life easier, safer, and more convenient for businesses and individuals
- This year the technology would widely be used for more transparent supply chains, central bank money, NFTs, and BaaS
Blockchain first entered the mainstream in 2008 when a whitepaper was released by developers, ostensibly working under the pseudonym Satoshi Nakamoto, established the model. It expanded from there and, in 2009, blockchain was turned into a public ledger for the first time for transactions relating to cryptocurrency. In 2021, blockchain as a concept is expected to be more widely used in industries beyond cryptocurrency all over the world for a variety of purposes.