Blockchain is developing beyond digital currencies into a foundational element for decentralised systems in a variety of industries, from finance to healthcare, says a new study from Fromdev, a software development company.
It cites asset tokenisation, whereby real-world assets such as property and artworks can be divided into tokens and sold in smaller, more liquid parcels; and DeFi (decentralised finance) as two of the key developments in the blockchain space to watch.
Other trends to look out for in the blockchain world include blockchain-based SaaS services, increasing interoperability between blockchain networks, AI working alongside blockchain, and environmentally friendly blockchain consensus mechanisms, says the study.