In recent times, the idea of digital tokens, blockchain, and cryptocurrency has been in focus for many many eyes around the world, especially in India. From common man to celebrities, everyone talking about digital tokens, digital money, etc. Among them, NFTs or Non-Fungible Tokens also getting much importance. NFTs are digital assets based on Blockchain technology and traded through the use of cryptocurrency. The technology uses a DLT system that allows secure trading with immutability.
Blockchain technology is a distributed ledger technology that supports crypto functions and allows trading in them. NFT being a digital asset use this for secure transactions and trade with proper encryption messages.
Moreover, NFTs are not digital currencies but digital assets and are useful to exchange by using cryptos. They are traded through digital platforms to facilitate users buying and selling NFTs. The blockchain behind all these systems works to secure them from outside threats.
Therefore, blockchain technology has a great future and of course, it is called a future technology. Most business entities including the government are planning to adopt this technology to improve the monetary transactions with security. This will enhance the growth of the economy digitally and make it more transparent.
Future of blockchain technology
It is expected that by the year 2030, around 30% of the global customer base will use blockchain as a primary technology. Also, blockchain will add more value to businesses that will grow by more than $170 bn by 2025. These stats are enough to say that blockchain will lead the future business market.
Continue reading: https://timesofindia.indiatimes.com/blogs/voices/what-is-the-future-for-blockchain-technology-with-nfts-in-india/
Blockchain technology is a distributed ledger technology that supports crypto functions and allows trading in them. NFT being a digital asset use this for secure transactions and trade with proper encryption messages.
Moreover, NFTs are not digital currencies but digital assets and are useful to exchange by using cryptos. They are traded through digital platforms to facilitate users buying and selling NFTs. The blockchain behind all these systems works to secure them from outside threats.
Therefore, blockchain technology has a great future and of course, it is called a future technology. Most business entities including the government are planning to adopt this technology to improve the monetary transactions with security. This will enhance the growth of the economy digitally and make it more transparent.
Future of blockchain technology
It is expected that by the year 2030, around 30% of the global customer base will use blockchain as a primary technology. Also, blockchain will add more value to businesses that will grow by more than $170 bn by 2025. These stats are enough to say that blockchain will lead the future business market.
Continue reading: https://timesofindia.indiatimes.com/blogs/voices/what-is-the-future-for-blockchain-technology-with-nfts-in-india/
