6 2022 Blockchain Trends

Blockchain is the digital infrastructure behind cryptocurrencies, which are decentralized coins operated across a ledger viewable by all members of the chain. However, unknown to many people, blockchain has many applications in the real-world including eCommerce, healthcare, and social media. Throughout this article, we’ll look at six trends you need to follow in 2022.

Blockchain-as-a-Service (BaaS)

Blockchain is a highly secure infrastructure, which is why businesses are looking for ways to implement it across their services. In 2022, BaaS is starting to take off, with the likes of eCommerce giants Amazon and digital masters Microsoft already beginning to roll it out. BaaS will deliver cloud-based services through a secure blockchain infrastructure. To find out more, check out this article from TechTarget.

NFTs Still Standing Strong

NFTs (non-fungible tokens) are digital media with unique codes attached to them, which help to prove ownership through blockchain networks. The NFT craze started to generate steam through 2021, but they’re still extremely relevant and will remain a blockchain staple for years to come. Currently, blockchain games are utilizing NFTs to allow players ownership of in-game assets. To keep up with all things NFT, check out Polygon NFT news.

eCommerce and Blockchain

The world of eCommerce is already enormous, and blockchain will only add greater functionality. In particular, businesses are beginning to use innovative technologies to secure customer data and track all supply chain journeys. Despite allowing customers greater access and control over data storage, the main barrier to blockchain in eCommerce is people’s understanding of the technology. Unfortunately, many people are skeptical of technology because of cryptocurrency’s early associations with criminal activity.

Healthcare and Blockchain

Healthcare systems are steadily shifting into the digital world. However, considering the amount of data stored, the sector is susceptible to data breaches. Fortunately, thanks to the rollout of blockchain services, patient data can be stored on a highly secure infrastructure, which is much more difficult to breach. As well as storing data, blockchain is being used to track medications from manufacturing to the pharmacy. This was specifically useful during the Covid-19 pandemic because of the number of vaccine scams.

Metaverse

Metaverse is a buzzword appearing across the digital landscape considerably through 2022 and refers to a digital world promising to deliver a unique digital experience. Naturally, the metaverse has no means of existing without the use of blockchain technology. If the interest in the metaverse continues to reach new heights, this trend will see a relevance for years to come.

Central Bank Digital Currencies (CBDC)

One of the largest barriers to the adoption of cryptocurrency on a large scale is its decentralized nature. However, many global banks are beginning to adopt digital currencies that mimic cryptocurrencies. What this means is that banks are creating centralized crypto, which can be directly transferred into fiat money.

Blockchain has been finding applications outside of cryptocurrency for some years now, but its adoption has only recently begun picking up speed. Throughout the rest of 2022 and beyond, you will see the above trends making their way into a state of common knowledge.