Hi everyone,
It's another day of the week, and I'm delighted to participate in this contest today organized by @khursheedanwar, which talks about Blockchain technology trends. I will be making my entry below, so read through it and drop your valuable comment, as it will be appreciated.
Write about blockchain technology trends! Whatever you know you can write!
Talking about blockchain technology trends we can not deny the fact that there are lots of things that the blockchain technology is evolving recently and because of that many aspect of our world are also getting involve with this technology. Here I will share a few of the trends based on my knowledge.
Interoperability: One of the major trends by blockchain technology is Interoperability which is a feature that allows the interaction between blockchain. Since we have different blockchain technology, for them to come to agreement and work as one the need for Interoperability becomes crucial.
Regulatory Clarity: Another trend which is most recent at the moment is the clarity in regulating things. With blockchain everyone anywhere sees what is happening and for that reason, the government or individual make things more clearer when dealing with them since they can not cheat as everyone see the happening.
Decentralized Finance (DeFi): Decentralized Finance (DeFi) is another major trend that we have seen in the blockchain technology as it allows people to do things without the intervention of a third party. The traditional method of banking is indeed an issue and people are looking for a more way where they can have more control on the things the do.
Security Enhancements: In the aspect of security we can confidently say that the blockchain technology has helped so much to restore trust to people because before now it is difficult to do anything online without being scammed but right now p2p and many other transactions are securely done online without any issues at all.
Artificial Intelligence (AI) Integration: The coming of AI and blockchain technology is another trend that must be carefully looked at because of the way they have combinely shape our world. Today AI has made blockchain more visible because a lot knew about AI but didn't know about blockchain. Combining them together has created more awareness to people all over the world.
I want to invite @josepha, @simonnwigwe, and @bonaventure24, to join the contest in this community and share their entry participation.
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