Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, December 20 2021 - 07:00
AsiaNet
Blockchain & Related Tech May Play a Pivotal Role in 2022, says Kalkine Media
AUCKLAND, NZ, Dec. 20, 2021/PRNewswire-AsiaNet/--

    Welcoming 2022 with virtually the same baggage that troubled the global 
economy in 2021, new technological advancements and market participants in 
emerging tech may be the sole saviors.

    Tesla stock's growth after the onset of the pandemic and climate change as 
the dominating theme in all the multilateral meets shine the spotlight on clean 
energy stocks. Besides, blockchain, which supposedly speeds up transactions by 
decentralizing the network, will be a closely watched technology in 2022.

    The rise of blockchain players

    Aside from blockchain-based digital currencies like Bitcoin and Dogecoin, 
decentralized projects like Audius, a music streaming platform, are carving 
their path despite creating lesser noise than cryptocurrencies.

    The Audius project claims to bring content creators closer to their 
audience by weeding out intermediaries like record labels. Many other projects 
are harnessing the powers of the decentralized ledger. Blockchain-based games, 
which combine aspects like no centralized governing authority and play-to-earn, 
might emerge as the disruptors in conventional gaming.

    Though most analysts, including institutional players, are diving deeper 
into crypto assets due to their ability to return gains quickly, blockchain 
projects have remained a not-so-popular subject. A few projects with defined 
utility can boost long-term sustainability.

    Decoupling of blockchain projects and cryptocurrencies

    Calendar 2021 was the year where investors parked money in any project's 
native token without researching much about its line of business and its 
operational sustainability.

    The year 2022 could settle this dust, with more investors willing to take 
note of a project's sustainability by weighing the odds rationally. Audius, for 
example, has a user base of over 6 million active monthly listeners. A 
blockchain game, Axie Infinity, has two million daily users entering into 
combats.

    Adoption of distributed ledger by the wider industry

    Blockchain as a technology has the potential to disrupt virtually every 
sector, including financial services and real estate. It brings with it a new 
way to record transactions that rely on peer-to-peer architecture and not any 
centralized authority.

    Facebook (renamed Meta) forayed into blockchain with 'Libra' cryptocurrency 
project and may now use the tech to power its so-called metaverse, a fictional 
world.

    Kalkine Media aims to step into 2022 against the above backdrop. The 
company is keeping a close tab on the developments in not only the popular 
cryptocurrency space, but also the humble blockchain technology.

    Contact: Honey Bhargava, honey.bhargava@kalkine.com.au  

    Logo: https://mma.prnewswire.com/media/1341740/Kalkine_Logo.jpg 

    Source: Kalkine Media