DeFi
DeFi indeed is one of the trendiest topics on Blockchain and cryptocurrency conferences in the Q4 of 2020. Also, the DeFi bulls are pretty much confident that the decentralized projects will explode in 2021. Smart contracts are risky; however, many DeFi companies are working hard to mitigate the drawbacks. It’s unlikely that smart-contracts will be flawless in 2021, but its next-generation will almost certainly amaze us.
NFTs
If last year some crypto amateurs didn’t know what is NFT, now all of them are talking incessantly about non-fungible tokens. At the beginning of 2020, NFT sales exceeded the $100 million resistance, and it has been booming ever since. We think that the use of NFTs in digital art, event tickets, and gaming items will continue to expand in 2021. According to some experts, NFT sales can reach $500 million by the end of the next year.
Digital B2B payments
The Covid-19 pandemic is one of the many reasons why online B2B payments are developing at such a remarkable speed. For instance, fashion brands had already started to make digital payments to wholesalers. It is an example of an industry that had a very ‘old-fashioned’ way of B2B payments. Before the pandemic, some small fashion companies had to do everything offline, even make calls to collect the wholesalers’ credit card numbers. So, it is predictable that in 2021 various industries will implement B2B digitized payments.
Blockchain in manufacturing
We assume that Blockchain technology will be implemented in many different fields, such as manufacturing, delivery services, storage, etc. Manufacturing business owners are interested in using blockchain technology because it will improve transparency and build up trust. Furthermore, blockchain has big potential to be applied in such processes as engineering, supply chain management, asset tracking, and counterfeit item detection.
Blockchain in space
The use of Blockchain technology in space would make it possible to tokenize a spacecraft and support future space projects. What does it mean to tokenize a spacecraft? If a spaceship is tokenized, many companies can work together on a single spacecraft. For example, one entity constructs one component, and another organization builds a different element of the same spacecraft. This way, the spacecraft projects will be much more efficient and transparent than before.
