Below are some of the top blockchain technology trends to follow in 2023
Private Blockchain
As the name goes, private blockchains are the type of blockchain where the network is operated and managed by one organization. Anyone can access public blockchains- that is why they are known as public blockchains. On the other hand, private blockchain represents an exclusive form of blockchain- where only those people who can access the network are invited. Unlike public blockchains, private blockchain requires an invitation- known as a key. If your company needs to keep its respective information safe and secure, it can go for private blockchain. A blockchain consulting company can assist you with developing a secure private blockchain.
Asset Tokenization
Asset tokenization utilizes blockchain technology to turn a digital or a physical asset into digital tokens. This process is somewhat similar to cryptocurrency, but with blockchain technology- tokenizing makes it easier for people to use the technology.
Blockchain with Artificial Intelligence
Blockchain can be used for different purposes; artificial intelligence is one of the purposes of most exciting applications. AI can assist you to create some of the most exhilarating decisions about blockchain technology, like what information must be kept or is fraudulent,
Other blockchain technology trends
Enterprise blockchain
The rise of Web 3.0
Smart Contracts
Maturing of the DeFi ecosystem
NFTs turn to real-world utility
I hope that after reading the answer, you feel enlightened. Blockchain is bound to grow in the near future; organizations are working to incorporate it into their work processes, and millennials are curious about the technology.