Most crypto coins use blockchain technology. Currently ddecentralized finance (DeFi) and gaming are perhaps the two most prominent sectors in the crypto industry for which blockchain is used. These two see the strongest growth, but eThere are also great opportunities for the adoption of blockchain technology in other sectors. It turns out from a research of the news platform Cointelegraph.
Cloud storage, logistics and more
The existing interest in crypto is more than obvious. Not only from individuals, but also from a growing number of institutions worldwide. But to find out how blockchain can actually change our society, we have to look at the use cases of this technology.
While DeFi and blockchain gaming are growing the fastest, the survey highlights a number of key sectors, such as cloud storage, logistics and internet of things. 5 percent of the cloud storage sector already uses blockchain technology. Based on the current growth rate, this could rise to 25 percent by 2025. Projects such as Filecoin (FILE) and Arweave (AR) are well-known names in the crypto sector when it comes to data storage using blockchain technology.
Another example is product supply chains. Currently, only 0.1 percent of this sector uses blockchain technology. But by 2025, this could have increased to 3 percent. Not a very large adoption, but a significant difference. Vechain (VET) mainly focuses on this sector.
Blockchain adoption is coming
These are just a few examples of the many sectors where blockchain technology has the potential to play a greater role in the coming years. There are also marketing, gambling and the security sector.
Blockchain technology is not only the basis for digital money, but also a way to make countless processes more efficient and transparent. Every day new projects are launched that offer new solutions to existing problems. Although Bitcoin (BTC) has been around for more than a decade, we seem to be witnessing the start of the implementation of blockchain technology in our daily lives.