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

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

Public consciousness of blockchain expertise is on the rise and a brand new cohort of tasks 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 would possibly pivot towards blockchain

Human useful resource administration is ripe for blockchain integration as a result of safety and knowledge storage options provided. Blockchain would enable every worker to have a novel deal with the place all pertinent info may very well be cryptographically saved.

HR additionally offers with the recruiting and hiring of latest workers, an more and more tough process in at the moment’s world the place the labor pressure participation charge stands at 61.9%, its lowest stage since 1976.

For blockchain-related jobs, the duty turns into much more difficult as a result of restricted variety of individuals with the data 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 tasks with exterior builders that present specialised companies.

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

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

Payroll additionally falls underneath the HR class and tasks like Request (REQ) help a decentralized funds system the place anybody can request a fee and obtain cash by way of 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 fairly than watch for the top of a payroll interval to obtain their paycheck in a lump sum.

The gig economic system

Journey-sharing companies like Uber and Lyft and creator/freelance marketplaces like Fiverr had been the bedrock of the gig economic system. 2021 estimates present that 36% of america workforce participated within the gig economic system both as their main or secondary supply of revenue. Knowledge additionally exhibits that 55% of gig staff had been additionally working a separate main job.

Present projections indicate that by 2023, as much as 52% of the U.S. workforce shall be actively working within the gig economic system or can have finished so sooner or later of their profession, so it’s a rising discipline that might profit from the mixing of blockchain expertise.

One undertaking 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 much like web sites like Fiverr however conducts all transactions using blockchain expertise and sensible contracts.

TIME/USD 1-day chart. Source: CoinGecko

Along with the Chronos.tech, LaborX and PaymentX protocols, the ecosystem has additionally 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 prospects can stake to earn particular rebates as a reward for holding the token.

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Firms embrace blockchain options

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

Lots of the prime contenders that provide enterprise options are layer-one blockchain protocols like Ethereum and its Hyperledger framework or Bitcoin’s layer-two lightning community scaling resolution that was lately built-in with the Money App.

Different robust contenders within the discipline of enterprise options embody Fantom and the Polygon community as a result of they’ve decrease transaction charges and sooner processing capabilities.

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

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

In keeping with Hedera’s web site, the undertaking is owned and ruled by a few of the world’s main organizations together with IBM, Boeing, Google, LG and Normal Financial institution.

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

These use instances embody 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.

Need extra details about buying and selling and investing in crypto markets?

The views and opinions expressed listed here are solely these of the writer and don’t essentially mirror the views of Cointelegraph.com. Each funding and buying and selling transfer entails threat, you need to conduct your personal analysis when making a choice.

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