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


2021 was a breakout 12 months for the cryptocurrency sector and this 12 months is anticipated to see an extension of the “mass adoption” pattern.

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

Three sectors which have the potential to see important development in 2022 are human assets (HR), worker fee options and platforms that serve the gig financial 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 provided. Blockchain would enable every worker to have a novel tackle the place all pertinent data may very well be cryptographically saved.

HR additionally offers with the recruiting and hiring of latest workers, an more and more troublesome job in at this time’s world the place the labor power participation charge stands at 61.9%, its lowest stage since 1976.

For blockchain-related jobs, the duty turns into much more difficult because of the restricted variety of individuals 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 companies.

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

Whereas Keep3rV1 focuses particularly on blockchain developer jobs, if the mannequin proves to be a hit, the idea may 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 way of safe means.

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

The gig financial system

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

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

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 much like web sites like Fiverr however conducts all transactions using blockchain expertise and good contracts.

TIME/USD 1-day chart. Supply: 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 clients can stake to earn particular rebates as a reward for holding the token.

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Companies embrace blockchain options

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

Lots of the prime 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 lately built-in with the Money App.

Different sturdy contenders within the area of enterprise options embrace 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. Supply: TradingView

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

In line with 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 Normal Financial institution.

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

These use instances embrace fee processing, fraud mitigation, the power to tokenize belongings, verifying identification, 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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