In recent years, blockchain technology has advanced significantly in terms of development and general usage, with no signs of slowing down. One cannot always categorically know the exact predictions concerning various matters who can provide us with expectations in the blockchain industry.
To gain more insight on this subject, we reached out to an expert in the blockchain industry and this is none other than Christopher de Diego.
Christopher de Diego is an NFT collector and enthusiast. We had the utmost pleasure of interviewing him today and we’re curious to ask him about the key blockchain moves he’s watching in 2022.
Do you think we should expect a growth in the demand for skills in blockchain in the New Year?
Yes. One thing that is for certain is that there will be a great demand for blockchain skills in the new year. The increased demand for these skills is due to the potential for growth in the blockchain sector and the expanding domination of blockchain across numerous sectors.
This increase in demand is a result of the potential of blockchain technology for businesses in terms of cost savings and improved performance, as well as the burgeoning crypto markets.
What advantages can Blockchain provide for businesses?
Blockchain is a digital distributed ledger technology. This can make it quite beneficial when adopted into businesses because it can be used by businesses to streamline their processes and create new business models.
The usefulness of blockchain originates from its capacity to transfer data between entities quickly and securely, without requiring any institution to bear responsibility for data security or transaction facilitation.
What can you say about trends to expect in the blockchain industry in 2022?
Blockchain could enable the emergence of a new generation of social networks that might be even bigger and better than the current ones, such as Facebook, Instagram, Twitter, and YouTube, which have become synonymous with the term “social media.”
For example, Metaverse blockchain applications is a top blockchain innovation in 2022.
Can you share insights on blockchain’s potential in the aspects of online trust and security?
Blockchain proponents argue that it can improve security and integrity in any system where multiple parties share database access. I can confidently say that its distributed, encrypted database model has continually shown that it has the potential to solve many problems around online trust and security.
Not only that, but also, its applications are significantly more diverse, including digital “smart” contracts, logistics and supply chain provenance and security, and identity theft prevention, among many others.
What key blockchain moves can we watch out for in 2022?
Well, because it is ideal for maintaining records of interactions and transactions between devices, blockchain can be a great fit for the Internet of Things (IoT).
Also, blockchain-based gaming is predicted to grow exponentially because the play-to-earn concept adds monetary value to gameplay. Generally, not having a basic understanding of cryptocurrencies and blockchain technology in 2022 may be considered a “business career risk.”
It’s critical that people jump on the bandwagon and think about the impact of blockchain. If not necessarily investing but understanding it.