Blockchain Technology: Enabling A Decentralized Future

What started as a distributed digital ledger enabling a peer-to-peer network has now become a whole new dimension of the internet. Blockchain, the underlying technology of cryptocurrencies, evolved in an immense way over the last ten years. Bitcoin is its first real use case, and it is now recognized as a global monetary network with a fixed supply that several countries have accepted as legal tender. Yet, blockchain’s functionality doesn’t end with Bitcoin. There are many prominent use-cases of blockchain technology that helped the crypto market accrue over $1.8 trillion in market cap. That too, despite little or no attention and participation in the early days of growth. The Scope of Blockchain-Powered Disruption Blockchain technology will be a disruptive force across industries. For example, it can transform the venture capital industry, reshaping how companies raise money with the help of tokenization. This in turn will help companies increase capital efficiency exponentially while enabling decentralization. Security Token Offerings (STOs) are a working use case in this regard. With STOs, startups can freely distribute tokens in the form of equity and raise capital in an adequately regulated manner. Gaming is another prominent industry that blockchain disrupts. GameFi is emerging as the next era in gaming and entertainment, innovating in-game assets and NFTs. Thus, gamers have access to unprecedented revenue streams, which...