The year 2021 has indeed been an eventful one in the crypto sphere with; bringing cryptos from the high tables to office canteens and even households. The astounding flock of innovation shook the virtual currency space.
Blockchain pioneer and founder of HashCash Consultants, Raj Chowdhury, opened up on the developments in the crypto space; analyzing the trends from the past year and predicting those of the current year.
“Mass adoption and global awareness of crypto have resulted in a remarkable height of entrepreneurial venture in this space,” reflected Raj Chowdhury.
Innovation on Blockchain
Beginning with the white paper of Bitcoin, the virtual currency concept has attempted to resolve some serious issues with the way wealth was distributed. Reimagining and redistribution of assets have since come a long way. In the words of Chowdhury, “The Blockchain-powered avenue is flooded with concepts and solutions addressing historical problems both on the social, and economic fronts.”
Acknowledging the efforts of influencers, journalists, and mentors supporting this progression, he says “I appreciate the support from experts in this field who have cleared the air from time to time to show the world the great potential that may be derived by leveraging the technology.”
Decentralization Focal to Web 3.o
The swift transition on the tech-sphere from Web 2.0 into Web 3.0 has been dramatic, to say the least. It is well understood that along with the progressive technology that this generation of the internet relies upon, decentralization on the blockchain is to constitute an integral part of it.
For those having missed the part: DAO or a decentralized autonomous organization, also known as a decentralized autonomous corporation, is an organization represented by rules predetermined and encoded in a computer program that is transparent, controlled by the organization members, and not influenced by a central government.
Chowdhury takes his pick from the phenomenal inventions in the digital asset sectors, namely the NFTs, Gaming and Metaverse, DeFi platforms. “Expect a resounding presence of the Metaverse and DAO in the crypto sphere this year,” remarked Chowdhury.
“Decentralization is focal to Web3.0. Wrapping in the Big Data, AI components, with cryptocurrency should greatly enhance the blockchain applications and empower them,” he added.
Routed by Chowdhury, HashCash Consultants have embarked on several ambitious blockchain-driven projects. Recent blockchain projects by HashCash are devised to support space technologies, biometric identification, DNA sequencing, and battling drug fraudulence. It has lately been listed as the top cryptocurrency exchange solution provider.
A prominent figure in the crypto sphere, Raj Chowdhury, has over the years guided several global projects to completion. He looks forward to furthering blockchain and crypto adoption in industries still running traditional. “The metaverses and DAOs,” he believes, “should drive decentralizations in different directions to disruptive effects”.