Top Blockchain Trends Of 2021

One of the most talked-about trends for the last few years, Blockchain has emerged as a revolutionary innovation. From financial institutes to healthcare and logistics firms, blockchain had disrupted almost every industry. Many enterprises are showing interest in blockchain technology. With a focus on transparent supply chains, crypto assets, central bank money, and decentralized exchanges, let’s explore the trends that will take center stage in 2021.

Optimizing supply chains is self-evident from a business perspective. An optimized supply chain not only provides a cost-optimized shipment of raw materials but digitization also helps to establish transparency in all processes. It helps to create a secured and distributed database. As a distributed ledger, the technology is accommodated to register and store large volumes of data.

2. DeFi gains momentum:

DeFi or Decentralized Finance was a part of the top blockchain trends in 2020 and this trajectory is presumed to last in 2021 as well. DeFi is a blockchain-based form of investment that does not rely on central financial mediators like brokerages or banks. DeFi uses smart contracts on blockchains and the most common is Ethereum.

3. Rise of Federated Blockchains:

One of the best blockchain trends, Federated Blockchain is an upgraded form of the basic blockchain model. The federated blockchain functions under various authorities instead of following a single trusted node. Federated blockchain provides a more customizable outlook when compared to a private blockchain. Conceptually, a federated blockchain is similar to a private blockchain. While private blockchain is controlled by one organization, federated blockchain can be controlled by multiple authorities. For reading the full blog Click Here



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Cryptex Technologies

Cryptex specializes in developing open source web applications and software solutions across all domains and verticals using Ruby on Rails (ROR) technology