Blockchain, the technology at the heart of bitcoin and other virtual currencies, is now leading business transformation, seeping into our economic and social infrastructure.
The process of adoption of blockchain technology has been gradual and steady, not sudden, as waves of technological change gain momentum.
While blockchain is bringing a new age of efficiency in banks and financial institutions, it is now being implemented across many other industries for an abundance of use cases.
Retail stores are increasingly adopting blockchain technology for seamlessly handling business relations. Not surprising, the global blockchain technology market size is expected to reach $394.60 billion by 2028. The growing popularity of blockchain would continue to gain momentum in 2022.
NFTs have opened a world of new possibilities, and with brand trust at an all-time low, it’s adding more transparency to supply chains and the human resource industry. Bringing innovation in marketing, now, brands are taking their loyalty programs a notch higher with blockchain-based technology, as its applications grow rapidly in cloud computing and enterprise.
