Blockchain technology has been around since the early days of Bitcoin, which debuted in 2009 as the world’s first decentralized Cryptocurrency.
Yet, it is more than just digital currency. Blockchain is a distributed ledger technology that can revolutionize modern business.
But how fast will blockchain technology make its mark on the business world?
According to Statista report, Blockchain will grow massively within the next few years. Currently, this industry is expected to reach $39 billion by 2025.
Blockchain Use Cases in Real Business
1. NFT Marketplaces Are Taking Over
Non-fungible tokens (NFTs) – sometimes called crypto-collectibles – are not a new idea, but they’re gaining steam. According to Google Trends, the interest in NFTs skyrocketed in 2021.
Non-fungible tokens are primarily used for video games. The most popular is CryptoKitties, which allows players to buy, sell, collect and breed virtual cats.
Each cat has unique features and looks, and players can even sell them for a profit.
Besides games, NFTs can be used for digital advertising, creating user rewards, digital ticketing, and more. Its market is distributed in different categories like Art, Sport, Utility, etc.
Continue reading: https://customerthink.com/blockchain-in-modern-business-adopting-real-cases-by-2022/
Yet, it is more than just digital currency. Blockchain is a distributed ledger technology that can revolutionize modern business.
But how fast will blockchain technology make its mark on the business world?
According to Statista report, Blockchain will grow massively within the next few years. Currently, this industry is expected to reach $39 billion by 2025.
Blockchain Use Cases in Real Business
1. NFT Marketplaces Are Taking Over
Non-fungible tokens (NFTs) – sometimes called crypto-collectibles – are not a new idea, but they’re gaining steam. According to Google Trends, the interest in NFTs skyrocketed in 2021.
Non-fungible tokens are primarily used for video games. The most popular is CryptoKitties, which allows players to buy, sell, collect and breed virtual cats.
Each cat has unique features and looks, and players can even sell them for a profit.
Besides games, NFTs can be used for digital advertising, creating user rewards, digital ticketing, and more. Its market is distributed in different categories like Art, Sport, Utility, etc.
Continue reading: https://customerthink.com/blockchain-in-modern-business-adopting-real-cases-by-2022/
