Every four years after Bitcoin halving, the blockchain industry undergoes heightened public scrutiny. The new period promises to showcase new applications of this technology.
Lessons from past halving cycles
Past halving cycles marked significant advancements in blockchain technology. In 2012, non-mediated, borderless payment systems showed promise, although limited scalability and high fees restricted growth. Following 2016, markets were flooded with ICOs, but lack of investor protection led to many failures. In 2020, DeFi, NFTs, and P2E games garnered attention, but their models proved unstable as growth slowed.
Tokenization of real-world assets
Tokenizing real-world assets and decentralizing their financing have gained traction. This allows asset owners to utilize blockchain for financing in sectors like real estate, stocks, bonds, and agriculture.
Blockchain-AI synergy
Blockchain and AI are emerging as a powerful force. Decentralized management of AI models and secure data handling offer new solutions for privacy preservation. AI could provide more robust data anonymization solutions.
There are significant opportunities for blockchain to deliver long-term impact through institutional integration, regulation, and a focus on real-world utility. These changes could lead to more stable industry development.
