THE GROWTH OF BLOCKCHAIN HAS GREATER PROJECTION IN ASIA AND LATAM

The year 2022 was relatively complicated for blockchain technology and cryptocurrencies, where users and large platforms were affected.

It is due to the chain of events generated throughout the year, where the financial and investment aspects were the hardest hit.

In the case of the Blockchain, many points in favor arose, representing one of the most exciting and valuable elements in terms of cryptographic investments and the technological evolution of the business sector.

One of the sectors that have also shown great interest in using blockchain technology and with which they could benefit on a large scale is the energy sector. You can download the official website app for a new cryptocurrency investing strategy.

Where not only positive results can be seen in micro-companies but also in companies with high impact and economic and financial scope.

Many optimistic projections are linked to blockchain technology in 2023; consequently, it offers high-performance solutions in adopting new emerging technologies, whose relevant characteristics are security and transparency in transactions, which generate greater trust in customers.

What is the charm of blockchain technology?

When people hear or read about Blockchain, they automatically link this term with cryptocurrencies, it is not illogical since it represents the base technology and creator of said digital financial instruments.

However, Blockchain is not only cryptocurrencies; it goes beyond being a practically immutable record book of transactions in which many companies are placing their trust to optimize processes and streamline operations, avoiding bureaucracy and delays in them.

Its origin dates back to 1991 when S. Stornetta and S. Haber undertook translating their idea into a publication on how to create secure and unchangeable records of any multimedia file found on the Internet.

It is there where it can be clarified that the Blockchain has many applications and uses in today’s world that has evolved at a transcendental technological level, projecting a future where the use of technologies without intermediaries is the most reliable option.

It is the characteristic that has positioned it in the place that the Blockchain has today, where the decentralized way of operating, avoiding hacking attempts without results. Moreover, the decrease in transaction costs that, in most cases, go to the third-party pockets not only entrepreneurs but also consolidated business people validate it as a safe and profitable option over time.

The creation of DApps continues to be a trend.

There are many elements to consider regarding the development, use, and application of blockchain technology, but one of the aspects that will undoubtedly be gaining ground in 2023 is decentralized applications.

DApps are all those applications created to eliminate intermediaries, where their operation is decentralized, which undoubtedly turns processes into much safer and stronger transactions in terms of possible cyber-attacks.

Possibly interoperability is not its point in favor. Still, solutions are being developed that allow connectivity between blockchain networks to facilitate technological adoption by individuals and companies.

Growth focuses on Asia and Latin America.

According to research and statistical analysis by specialists, everything indicates that 2023 will be the year of growth for Blockchain technology, where it may be close to 25% compared to other sectors of the world economy.

It is projected thanks to the fact that the Asian and South American markets have adopted this technology, taking advantage of it as a highly profitable resource before, during, and after the production process, commercialization, or simply investment.

The energy sector is the one that will lead the use of this technology, creating the need for its use in the various industrial chains, positively modifying the market niches and the value chain.

Many companies, given the severe economic and financial situation that powerful countries of the world are going through in 2022, may find cryptocurrencies to be a viable option to diversify investments, achieving sustainability over time and reducing risks, where the link between traditional finance and The digital ones turn companies into hybrids with the ease of adapting quickly.

Conclusion

This type of technology opens the doors to a more interconnected world where users can relate to business processes and, in turn, consider the new proposals they offer in the various service, manufacturing, marketing, and financial sectors.