The future development prospects of blockchain profound impact on three aspects

How much technological impact blockchain will bring to the human world is still unknown, but industry, academia and research generally believe that at present we only see the tip of the iceberg of the potential value of blockchain! Blockchain technology will not only change technology and reshape industries, but also shake the existing order, traditional rules and value system of human society. With the gradual maturation of blockchain technology, it is foreseeable that blockchain will show the following development trends.

Zero-knowledge proof

Blockchain is essentially very transparent. Any node running in the blockchain network can view and download all the data stored in the ledger. Blockchain incorporates zero-knowledge proof technology that allows users and businesses to execute smart contracts using private data without revealing specific data content.

Artificial Intelligence

Blockchain could serve as the basis for a decentralized marketplace and a coordination platform for various AI components, including data, algorithms and computing power. This could lead to new levels of innovation and use of AI. Blockchain will also make such decisions more transparent, explainable and credible. Since all data on the blockchain is publicly available, AI will be the basis for providing anti-counterfeiting and privacy protection.

Internet of Things

Blockchain can add a layer of accountability and security to IoT data, becoming a future enabler of IoT efficiency, scalability and standardization. In healthcare, for example, blockchain-enabled IoT devices will allow patients to control access to data collected by those devices. This technology will make devices more resilient to cyberattacks and provide a detailed record of when another party accessed the data. In the supply chain, blockchain-based systems, supported by smart contracts, could automate payments based on specific conditions measured by IoT sensors.

The arrival of the blockchain era reveals the future development trend of various industries, and the increasingly mature technology of blockchain is gradually entering the expansion period. It is believed that in the near future, it will definitely generate greater economic benefits for society.