January 20, 2022

Home Altcoin Altcoin Roundup: 3 methods blockchain know-how may additional mainstream in 2022 – Cointelegraph

Altcoin Roundup: 3 methods blockchain know-how may additional mainstream in 2022 – Cointelegraph

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The pattern of blockchain adoption is ready to proceed in 2022. Listed here are three sectors which might be more likely to pivot towards DLT options.


2021 was a breakout yr for the cryptocurrency sector and this yr is predicted to see an extension of the “mass adoption” pattern.

Public consciousness of blockchain know-how is on the rise and a brand new cohort of tasks designed to fill extra area of interest roles in society are more likely to emerge within the coming months.

Three sectors which have the potential to see important development in 2022 are human sources (HR), worker cost options and platforms that serve the gig economic system by providing company blockchain options.

HR may pivot towards blockchain

Human useful resource administration is ripe for blockchain integration because of the safety and information storage options provided. Blockchain would permit every worker to have a novel tackle the place all pertinent data could possibly be cryptographically saved.

HR additionally offers with the recruiting and hiring of recent staff, an more and more tough process in at present’s world the place the labor power participation charge stands at 61.9%, its lowest degree since 1976.

For blockchain-related jobs, the duty turns into much more difficult because of the restricted variety of individuals with the information and capabilities to work within the nascent sector.

Keep3rV1 is one protocol that focuses on connecting employers with workers, and the decentralized job board is particularly designed to attach blockchain tasks with exterior builders that present specialised companies.

KP3R/USDT. 1-day chart. Supply: TradingView

Whereas Keep3rV1 focuses particularly on blockchain developer jobs, if the mannequin proves to be successful, the idea may simply be expanded to serve a wider viewers of job seekers and employers.

Payroll additionally falls below the HR class and tasks like Request (REQ) help a decentralized funds system the place anybody can request a cost and obtain cash by safe means.

This is a perfect setup for freelancers. Experimental platforms like Sablier Finance additionally provide staff the choice to be paid for his or her labor in real-time quite than watch for the tip of a payroll interval to obtain their paycheck in a lump sum.

The gig economic system

Journey-sharing companies like Uber and Lyft and creator/freelance marketplaces like Fiverr have been the bedrock of the gig economic system. 2021 estimates present that 36% of the USA workforce participated within the gig economic system both as their main or secondary supply of revenue. Information additionally exhibits that 55% of gig staff have been additionally working a separate main job.

Present projections indicate that by 2023, as much as 52% of the U.S. workforce shall be actively working within the gig economic system or can have executed so sooner or later of their profession, so it’s a rising discipline that would profit from the combination of blockchain know-how.

One undertaking that has already established its personal freelancer job board is Chronos.tech (TIME), a blockchain-based recruitment, HR and payment processing protocol whose LaborX platform is just like web sites like Fiverr however conducts all transactions using blockchain know-how and sensible contracts.

TIME/USD 1-day chart. Supply: CoinGecko

Along with the Chronos.tech, LaborX and PaymentX protocols, the ecosystem has additionally not too long ago added decentralized finance (DeFi) performance by permitting TIME holders to stake their tokens on the protocol to earn a yield.

Freelancers can stake TIME on the community to obtain bonuses for accomplished duties whereas prospects can stake to earn particular rebates as a reward for holding the token.

Associated: Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security

Companies embrace blockchain options

Enterprise-level blockchain-based options are additionally anticipated to thrive in 2022.

Lots of the prime contenders that provide enterprise options are layer-one blockchain protocols like Ethereum and its Hyperledger framework or Bitcoin’s layer-two lightning community scaling answer that was not too long ago integrated with the Cash App.

Different robust contenders within the discipline of enterprise options embrace Fantom and the Polygon community as a result of they’ve decrease transaction charges and sooner processing capabilities.

FTM/USDT vs. MATIC/USDT 1-day chart. Supply: TradingView

A last protocol that particularly focuses on creating an enterprise-grade public community that enables people and companies to create decentralized purposes (DApps) is Hedera (HBAR).

In keeping with Hedera’s web site, the undertaking is owned and ruled by a few of the world’s main organizations together with IBM, Boeing, Google, LG and Normal Financial institution.

The excessive throughput nature of Hedera’s hashgraph structure makes it preferrred for big companies that may require a big quantity of transactions to serve their international consumer base.

These use circumstances embrace cost processing, fraud mitigation, the flexibility to tokenize belongings, verifying id, the safe storage and switch of information and the flexibility to create a personal, permissioned blockchain for in-house use.

Need extra details about buying and selling and investing in crypto markets?

The views and opinions expressed listed below are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you must conduct your individual analysis when making a choice.

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