Blockchain 2030: Revolutionizing the Future of Digital Trust
Journal Title: International Research Journal of Scientific Studies - Year 2024, Vol 1, Issue 1
Abstract
Blockchain technology, once synonymous solely with crypto currencies, is evolving into a transformative force across multiple industries. By 2030, blockchain's decentralized, transparent, and secure nature is set to revolutionize digital trust and reshape various sectors, including finance, supply chain management, healthcare, and governance. As businesses and governments explore blockchain's potential, its applications are expanding beyond financial transactions to encompass identity verification, secure data sharing, and smart contracts, enhancing efficiency and reducing fraud. The future of blockchain promises increased interoperability between different blockchain networks, fostering a more connected and robust digital ecosystem. Advances in scalability and energy-efficient consensus mechanisms will address current limitations, making blockchain more accessible and sustainable. Additionally, the integration of blockchain with emerging technologies like artificial intelligence and the Internet of Things will unlock new possibilities, driving innovation and creating unprecedented value. As blockchain technology matures, regulatory frameworks will evolve to balance innovation with security, fostering trust among users and stakeholders. The widespread adoption of blockchain will democratize access to information, empower individuals with greater control over their data, and facilitate seamless, transparent, and secure transactions on a global scale. Blockchain 2030 heralds a new era of digital trust, transforming how we interact, transact, and collaborate in the digital age.
Authors and Affiliations
Bannishikha Banerjee
Keywords
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- EP ID EP752524
- DOI https://doi.org/10.5281/zenodo.12674260
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