Future scope of Blockchain

The technology is still new though it has been around for some years now. The popularity has been improving because of the successful adoption of its applications across different sectors. The foundation of distributed digital ledger technology brings many benefits by documenting records of all transactions involving data or money.
The interest in blockchain technology escalated profoundly in recent times. The demand for blockchain skills increased at a rate of 2000% in the period between 2017 and 2020, indicating the significance of blockchain as a sought-after proficiency. So, there is enough promise for turning the scope of your attention towards the prospects with blockchain technology.

• Some of the examples from IBM enterprise level blockchain are INBLOCK utilizes IBM LinuxONE for addressing cryptocurrency technical issues. As a result, it can ensure better convenience, safety, and speed with digital asset transactions.
• Plastic Bank leverages a blockchain banking platform running on the IBM cloud for offering a high-security, scalable reward system for collecting and recycling plastic.
• The leading grocery retailer in the US, Kroger, utilizes IBM Food Trust for working with suppliers on tracing food from farm to store shelves.
• Spotify utilizes blockchain for managing copyrights.
• Eastman Kodak depends on blockchain-based services for creating storage for stock photos.

Combining other technologies with blockchain can help us in achieving many promising milestones. Blockchain can offer credible data for informing and strengthening underlying algorithms of adjacent technologies. In addition, blockchain could also ensure data security alongside a comprehensively detailed audit of each step in the decision-making process.
The potential of blockchain is truly massive. The prospects for blockchain technology rely heavily on innovation and could present promising value for enterprises.