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Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022


Abstract:The trend of blockchain adoption is set to continue in 2022. Here are three sectors that are likely to pivot toward DLT solutions.

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

  While Keep3rV1 focuses specifically on blockchain developer jobs, if the model proves to be a success, the concept could easily be expanded to serve a wider audience of job seekers and employers.

  Payroll also falls under the HR category and projects like Request (REQ) support a decentralized payments system where anyone can request a payment and receive money through secure means.

  This is an ideal setup for freelancers. Experimental platforms like Sablier Finance also offer workers the option to be paid for their labor in real-time rather than wait for the end of a payroll period to receive their paycheck in a lump sum.

  The gig economy

  Ride-sharing services like Uber and Lyft and creator/freelance marketplaces like Fiverr were the bedrock of the gig economy. 2021 estimates show that 36% of the United States workforce participated in the gig economy either as their primary or secondary source of income. Data also shows that 55% of gig workers were also working a separate primary job.

  Current projections indicate that by 2023, up to 52% of the U.S. workforce will be actively working in the gig economy or will have done so at some point in their career, so its a growing field that could benefit from the integration of blockchain technology.

  One project that has already established its own freelancer job board is (TIME), a blockchain-based recruitment, HR and payment processing protocol whose LaborX platform is similar to websites like Fiverr but conducts all transactions utilizing blockchain technology and smart contracts.

  TIME/USD 1-day chart. Source: CoinGecko

  In addition to the, LaborX and PaymentX protocols, the ecosystem has also recently added decentralized finance (DeFi) functionality by allowing TIME holders to stake their tokens on the protocol to earn a yield.

  Freelancers can stake TIME on the network to receive bonuses for completed tasks while customers can stake to earn special rebates as a reward for holding the token.

  Related: Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security

  Corporations embrace blockchain solutions

  Enterprise-level blockchain-based solutions are also expected to thrive in 2022.

  Many of the top contenders that offer enterprise solutions are layer-one blockchain protocols like Ethereum and its Hyperledger framework or Bitcoins layer-two lightning network scaling solution that was recently integrated with the Cash App.

  Other strong contenders in the field of enterprise solutions include Fantom and the Polygon network because they have lower transaction fees and faster processing capabilities.

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

  A final protocol that specifically focuses on creating an enterprise-grade public network that allows individuals and businesses to create decentralized applications (DApps) is Hedera (HBAR).

  According to Hedera‘s website, the project is owned and governed by some of the world’s leading organizations including IBM, Boeing, Google, LG and Standard Bank.

  The high throughput nature of Hederas hashgraph architecture makes it ideal for large businesses that would require a significant amount of transactions to serve their global client base.

  These use cases include payment processing, fraud mitigation, the ability to tokenize assets, verifying identity, the secure storage and transfer of data and the ability to create a private, permissioned blockchain for in-house use.

  Want more information about trading and investing in crypto markets?

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  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

  •   #Blockchain

  •   #Altcoin

  •   #Business

  •   #Payroll

  •   #Payments

  •   #Adoption

  •   #Job

  •   #Markets

  •   #Micropayments

  •   #Market Analysis

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