3 methods blockchain know-how might additional mainstream in 2022

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

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

Three sectors which have the potential to see important development in 2022 are human sources (HR), worker fee 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 knowledge storage options supplied. Blockchain would permit every worker to have a singular deal with the place all pertinent info might be cryptographically saved.

HR additionally offers with the recruiting and hiring of recent workers, an more and more troublesome job in at this time’s world the place the labor drive participation fee 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 folks with the information and capabilities to work within the nascent sector.

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

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

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

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

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

The gig economic system

Ride-sharing providers 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 United States workforce participated within the gig economic system both as their main or secondary supply of earnings. Data additionally reveals that 55% of gig staff have been additionally working a separate main job.

Current projections point out that by 2023, as much as 52% of the U.S. workforce can be actively working within the gig economic system or can have performed so in some unspecified time in the future of their profession, so it’s a rising area that might profit from the mixing of blockchain know-how.

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

TIME/USD 1-day chart. Source: CoinGecko

In addition to the Chronos.tech, LaborX and PaymentX protocols, the ecosystem has additionally just lately 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 clients can stake to earn particular rebates as a reward for holding the token.

Related: Volcanos, Bitcoin and remittances: A Tongan lord plans for monetary safety

Corporations embrace blockchain options

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

Many of the highest contenders that supply enterprise options are layer-one blockchain protocols like Ethereum and its Hyperledger framework or Bitcoin’s layer-two lightning community scaling answer that was just lately built-in with the Cash App.

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

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

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

According to Hedera’s web site, the venture is owned and ruled by a few of the world’s main organizations together with IBM, Boeing, Google, LG and Standard Bank.

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

These use circumstances embrace fee processing, fraud mitigation, the power to tokenize belongings, verifying id, the safe storage and switch of knowledge and the power to create a non-public, permissioned blockchain for in-house use.

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The views and opinions expressed listed here are solely these of the writer and don’t essentially replicate the views of Cointelegraph.com. Every funding and buying and selling transfer entails danger, you must conduct your personal analysis when making a call.

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