This year, the spending on blockchain technologies will amount to 11.7 billion. Indeed, blockchain is going mainstream and powering a range of apps and industries.
Therefore, decentralized finance is now not the only forte of blockchain. It can also facilitate the workflows of several verticals like accounting, supply chain management, and more.
As a result, many blockchain platforms are coming up and grabbing the headlines. In 2022 too, we have several contenders on the list eyeing to catch the attention of investors.
Moreover, some projects have established a strong reputation and even have cryptocurrencies that follow bearish trends.
Let’s explore the most notable blockchain platforms in 2022 you should know about.
Polkadot has been in the news for quite some time now. It is not exactly a blockchain but a platform that connects different blockchains.
Therefore, users may transfer digital assets like crypto coins from one chain to another.
Polkadot opens a new level of interoperability to build scalable decentralized apps. It is developed by Web3 Foundation and is open-source in nature.
The native token of the Polkadot platform is DOT. It is currently trading at $21.46 at different exchanges.
Solana is another upcoming blockchain platform for 2022. It is a decentralized blockchain and works autonomously without any human intervention.
Solana allows developers to create user-friendly apps to target global adoption. Best of all, Solana has some of the lowest trading fees among its competitors.
Moreover, Solana is also one of the fastest blockchains and solves many of the problems of older blockchains like Ethereum.
Solana has gathered a large community and many investors.
OriginTrail is a blockchain-based decentralized knowledge graph. Businesses can track and organize physical and digital assets to improve supply chain visibility and management.
So, OriginTrail lets you arrange certificates, NFTs, art objects, and more.
OriginTrail supports multiple blockchains like Ethereum and Polygon. Therefore, users can enjoy cross-chain compatibility to manage assets.
The platform runs on over 1K nodes to offer reliable performance and immutability. Additionally, businesses can keep their sensitive data private and away from prying eyes.
FarmaTrust is built on the Ethereum blockchain and is meant for the pharmaceutical industry. Just like OriginTrail, the platform allows end-to-end visibility and tracking of pharmaceutical supply chains.
The project aims to bring transparency to the medicine world and eliminate counterfeit products. Additionally, it promotes digital solutions to resolve healthcare challenges.
Moreover, FarmaTrust makes compliance simple and removes inferior products.
Best of all, the platform can reduce the high costs of the pharmaceutical industry. As a result, many healthcare providers are interested in the protocol.
Blockchain has disrupted even the gaming industry. There are several blockchain games where players can earn cryptocurrencies by completing levels or challenges.
In addition, many blockchain-based platforms have come up to trade in-game items.
YGG takes things to a different level by allowing gamers to borrow gaming items. They can take, for example, a sword on rent and pay back a commission from in-game earnings.
YGG is also great to earn by playing blockchain games.
Ethereum is still one of the most popular blockchain platforms in the world. It supports countless apps and digital solutions that are making our lives easier.
Ethereum drives mainly decentralized finance apps and several cryptocurrencies. It is still a preferred choice to build your product and start earning.
The platform is an advance to older blockchains and holds much promise. Businesses can rely on the stability of the platform and the community to create an online presence.
The ETH token is also pretty popular with crypto enthusiasts.
Cardano is one of the best blockchain platforms for enterprises. It is highly secure, scales seamlessly, and is built on a foundation of peer-reviewed research.
As a result, Cardano is ideal for changemakers and visionaries. They can build reliable solutions that go on to create global systems with decentralized governance and operation.
Moreover, Cardano runs on proof-of-stake that needs minimal computing resources. As a result, the blockchain doesn’t leave behind a huge carbon footprint like Bitcoin and older cryptocurrencies.
Stellar is an innovative blockchain platform you must check out in 2022. It allows users to develop and exchange digital forms of any currency.
Therefore, you may even be able to trade in dollars or euros using Stellar.
Additionally, the platform is great for launching and running your financial apps. Businesses can leverage global payment apps, transfer assets, and exchange one currency for another.
Best of all, Stellar comes with affordable fees to support growth. Even small businesses may rely on the platform to access big banks.
ICP is a blockchain to build the future of Web3. Simply speaking, the platform is a collection of protocols that lets small data centers offer decentralized cloud services.
Therefore, the platform gives an alternative to expensive cloud providers. Even entrepreneurs with limited budgets may grow their presence online affordably.
In addition, independent data centers get a chance to earn by lending their resources.
Moreover, ICP supports the development of different apps.
Tezos is the last blockchain platform that you should consider for this year. It is a decentralized ledger like Bitcoin or Ethereum but comes with a lot of improvements.
The platform allows the development of smart contracts that work autonomously. No single person or entity owns Tezos, and the whole community takes part in governance.
Most importantly, Tezos is a constantly-evolving blockchain platform. Therefore, you can always expect to take advantage of the latest developments in the tech world.
Blockchain technology is going to advance majorly in the coming days. We will have more players that compete for the attention of consumers and investors. The platforms we explored are hot for 2022 and may become more popular in the future. They power a range of industries, from pharmaceuticals to gaming and more. You also have enough blockchains to streamline workflows or create new horizons for enterprises and businesses.