Few terms are more ubiquitous in 2022 than crypto, NFTs and the blockchain. Every day, millions of people around the world seek to learn what crypto is about, how the blockchain works, and, most importantly, how to start investing. It’s no wonder so many people are looking into it, as a recent survey has shown that tokens pose a lesser risk for investors than the more traditional gold and oil.
The global blockchain technology market has been estimated by Grand View Research to be valued at $ 3.67 billion in 2020, but with forecasts indicating expansion at a compound annual growth rate (CAGR) of 82.4% from 2021 and up to 2028.
However, it’s important to analyse the post-pandemic scenario by hearing what the main experts in the field have to say about the role of the blockchain and the future of crypto in a post-Covid world.
“Blockchains represent a decidedly revolutionary and secure computer system, which provides maximum security and maximum privacy. Many companies are currently investing in this system both as a technology to develop further program products, and as a technology to integrate current functional systems to improve them,” says Nicola Fausto Spoto, associate professor at the Computer Science Department of the University of Verona.
Professor Spoto is an expert in languages and techniques for the development and analysis of smart contracts for blockchains and is one of the great talents working at Takamaka, a latest generation blockchain platform, developed by AiliA in 2018.
Large corporations, such as IBM, Cisco, Lenovo, Microsoft and many others, have been investing in blockchains and developed systems for industry, supply chain, e-commerce, decentralised finance and payment systems. More than ten years after its birth, the Blockchain is starting to occupy a place in the future investment portfolios of companies and small savers.
In the post-Covid period, savings deposited on current accounts increased, but also pitfalls, such as inflation and account costs. Inflation in particular increased in all major economies in the post-pandemic world. This has led to increases in interest rates and a suffering in the stock market and in that of technologies directly related to blockchain and crypto.
“In particular, investing in crypto is certainly a high risk operation, if the approach is a medium or short term vision. But investing in new technologies such as blockchain could instead prove to be an interesting solution, certainly far-sighted in the long-term perspective, which would make it possible to preserve asset value and purchasing power from inflation in perspective and even reach possible profit margins,” explains Prof. Spoto.
Currently, major players in the economy are already doing exactly that and finance itself has developed investment ETFs on new technologies such as Blockchain, opening the market to a large slice of retail and interested investors.
In this scenario, innovative blockchain technologies are certain to thrive and pave the way forward. Such is the case of Takamaka, which presents a consensus algorithm, called Proof Of Stake (POS) and offers new user-friendly solutions for enthusiasts, companies and programmers. The number of Users registered on the Takamaka platform is constantly and continuously growing; to date there are almost 20,000 registered and authorised users on Takamaka.io.
Takamaka is a protocol similar to Ethereum, but faster and more secure, designed to be used in Java language, with a usability and familiarity of the code of use, which makes the approach friendly to most of those who start ideas and projects in Blockchain.
Since mid-2021 AiliA has received VQF authorisation, which ensures that TKR is fully compliant with Swiss anti-money laundering regulations and is considered digital money for all purposes, a clear demonstration that crypto is here to stay.
The above information does not constitute any form of advice or recommendation by London Loves Business and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Appropriate independent advice should be obtained before making any such decision. London Loves Business bears no responsibility for any gains or losses.
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