Blockchain's impact has been quite revolutionary in the last year. It isn't only good for transactions, but it may also be used to manage almost any business that relies on information exchange and the validity of transactions. As a result, many firms have already taken full advantage of this technology.
Let’s find out the top Blockchain trends with stats first:
1) Asset’s tokenization
According to a report by HACERA, about 60% of firms will tokenize their assets by 2022. So, it won’t be wrong to say that we will see the rise of a new “crypto economy” in which digital tokens represent various physical assets. The tokenization process makes managing and transferring assets much easier and more efficient. Also, it opens up new opportunities for investment as now even small investors can buy a part of expensive assets like real estate or art.
2) Progress in Innovation
The World Economic Forum’s “Global Competitiveness Report 2020” shows that the United Arab Emirates, China, and Singapore are leading in Blockchain adoption. The report further states that by 2024, about 10% of global GDP will be stored on Blockchain technology. So, we can say that the innovation and adoption of Blockchain are progressing at a very rapid pace.
According to a report by Grand View Research, the global BAAS market is expected to reach $32.94 billion by 2025. This growth will be driven by the increasing demand for cloud-based Blockchain solutions from small and medium enterprises. BAAS providers offer their clients ready-to-use platforms that help them develop and deploy Blockchain applications quickly and easily. Some leading BAAS providers are Microsoft, Amazon Web Services, IBM, and Oracle.
So, these are some top Blockchain trends that are expected to have a significant impact on businesses in the coming years. If you want to leverage the power of Blockchain for your business, you must Hire blockchain app developers from a good blockchain development company. They will help you develop secure and scalable Blockchain applications for your business. So, what are you waiting for? Contact a good blockchain development company today and start your Blockchain project.
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