How blockchain is evolving and disrupting the industries?

How blockchain is evolving and disrupting the industries?

How blockchain is evolving and disrupting the industries?

Image Credits- Freepik

Nowadays, due to the invention of increasing cyber-attacks, many sectors use BlockChain technology to store their digital information. Using Blockchain, all transactions made by a company can be recorded and tracked. Distributed ledger technology has been used in many fields because of its best features. Now we are going to take a look at the recent trends and development of chain technology in 2021. 

A hybrid blockchain makes use of both public and private blockchain. Due to high reliability, low transaction cost, and high hacking complexity many organizations are using this technology.

A recently upgraded version of blockchain known as Federated Block Chains has come into the market. It has many added features in addition to the customized look of the private blockchain which is controlled by many authorities. Instead of a single organization, multiple organizations can take charge of the network. High efficiency and fast speed are its advantages. 


Block chain-as-a-service (BaaS), is used by many starts up and big enterprises. Various companies use this BaaS solution to develop their digital product and host their blockchain applications. Hyperledger Cello is an example of Baas. In 2015 Microsoft used Ethereum blockchain-as-a-service, now Amazon is also using a technique to build their Blockchain network using Ethereum and Hyperledger Fabric.


Currently, there is a huge increase in the number of people using social media. Starting from personal to business accounts everyone is using social media to share their views. To maintain privacy and getting protection from various cyber-attacks employing blockchain technology is a new trend. The publisher can feel safe after publishing their post, as no one can mock their data.


In this covid 19 pandemic, every organization is in desperate need of securing their digital data using blockchain technology, so that they can digitize the day-to-day data without any delay and manage them. To remain competitive in the market every company is adapting blockchain to have a digital transformation in their businesses. Due to the usage of cryptocurrency worldwide it is believed that blockchain technology will have an annual growth of around 82%.

These are some of the recent advancements in blockchain technology.

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