Blockchain Trends to Expect in 2022

DEC 24, 2021

Blockchain industry spending is expected to break the $11 billion mark next year thanks to the growing interest in cryptocurrency, smart contracts, and other technologies fueled by blockchain. There’s no doubt that in the previous years, the entire cryptocurrency domain had to sustain worldwide regulatory resistance until the Covid-19 pandemic broke out in 2020.

However, the pandemic taught us to accept a new normal way that might spark the need for a Blockchain-based world. You might be wondering how the top trends related to Blockchain might impact you in the coming year. We’ve compiled a quick report that will highlight the Blockchain industry trends that you will see in 2022 and why you should be ready for it:

Adoption of Blockchain in Finance and Banking

With the launch of Ethereum in 2015, developers found a way to exploit the years-old finance and banking system in the world. The introduction of smart contracts made it possible for many businesses to dream of a system where making a contract will be easier than thought before. In 2022, we will see the adoption of the blockchain ecosystem by many major finance and banking organizations. Reports show top banking institutes like JPMorgan, Citi, and Wells Fargo have already accepted blockchain. Other popular payment gateways like VISA and Paypal might also keep investing heavily in Blockchain in 2022.