Blockchain is here to stay! That’s right. This technology behind the invention of bitcoin has been one of the popular tech trends globally. Numerous industries such as supply chain, finance, and governments are integrating and adopting blockchain technology in their business models. This is due to its decentralized nature and the ability to streamline an organization’s daily operations.
As a result, blockchain technology has influenced the development of new use cases such as digital identities, asset tokenization, blockchain-as-a-service, non-fungible tokens, and marketplaces such as oschain.io; the world’s leading Ip marketplace powered by blockchain.
Read on for the latest 2021 trends in blockchain that answer the question of whether blockchain is still a big thing in technology. Let’s get started.
Blockchain in rescue to track and distribute covid-19 Vaccines
The Covid-19 pandemic has pushed governments to the limit and with the discovery of vaccines, it couldn't be any easier. This is because of the challenges associated with the safe and effective distribution of the vaccines to the general public. But with blockchain, governments can have real-time visibility of vaccine delivery, end-to-end traceability which involves tracking the delivery of a vaccine from production, to administration and the end-user.
Blockchain for social networking
According to statistics, there are 4.48 billion active social media users across the globe. This figure translates to 57% of the global population. With the percentage of active users expected to rise, social media platforms such as Facebook, TikTok and Instagram are becoming more susceptible to security and data breaches meaning your data could be compromised.
Fortunately, blockchain features the ability for users to track their data, where it goes and how it is used. Steemit is one of the decentralized social networks inspired by blockchain.
Blockchain-as-a-Service or rather Baas is a user-friendly cloud-based service built on the software as a service model. The technology has influenced the adoption of trends such as cloud computing, artificial intelligence and the Internet of things.
Tech companies such as Microsoft, IBM, and Amazon are developing and offering blockchain-as-a-service, to enable enterprises to leverage the technology without the need for prior investment in infrastructure and skills. Additionally, Baas offers customers a faster application development with low maintenance costs and quick adoption of the blockchain.
Non-Fungible tokens are digital assets that have been a trending topic in the crypto world. They include pictures, video clips, music, collectible cards, concert tickets, and many more. Others call non-fungible tokens 'digital collectibles' because they can't be duplicated or copied.
As a result, these digital assets are considered valuable. And with a worth of over $ 250 million, Non-Fungible tokens provide users with a way to certify and authenticate possession of anything, whether tangible or not.