The 5 Biggest Blockchain Trends In 2022 – Forbes

The 5 Biggest Blockchain Trends In 2022 – Forbes

Blockchain is one of the most exciting tech trends at the moment. It is a distributed, encrypted database model that has the potential to solve many problems around online trust and security. Many people know it as the technology that underpins Bitcoin and cryptocurrencies in general. However, its potential uses are far broader, encompassing digital “smart” contracts, logistics and supply chain provenance and security, and protection against identity theft. There are countless others – blockchain evangelists say it can potentially be used to improve security and integrity in any system that involves multiple parties sharing access to a database.

During 2022, spending on blockchain solutions by businesses is forecast to hit $11.7 billion. Here are some of the trends that will be driving this and some thoughts on how this will impact more and more lives over the course of the next year.

Green blockchain initiatives

Blockchains can potentially use a lot of energy and create high levels of carbon emissions – this fact was behind Tesla
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