With blockchain gaining ground across a wide range of industries, it’s no surprise that Amazon hopped on the bandwagon and introduced its own AWS blockchain, making it easy for users to create and manage scalable blockchain networks within the AWS console.
Blockchain and government may seem like an incompatible combination at first glance. However, together they can address key issues such as lack of digitalization and transparency, privacy concerns, inefficiencies, and many more. But how?
Until recently, tech-savvies and crypto enthusiasts were watching the price of Bitcoin with bated breath and passionately discussing cryptocurrencies. Now NFTs, another blockchain-related phenomenon, have come to steal the show.
Decentralized exchanges (DEXs) are among the most promising blockchain use cases. They open up opportunities to securely buy and sell cryptocurrency without the user having to hand over assets to a third party.
Blockchain-as-a-service (BaaS) adds value to businesses by giving them a fast, easy way to spin off new blockchain networks and take advantage of cloud managed services. Microsoft’s Azure BaaS powered many decentralized applications and gave birth to promising blockchain startups. Now that it’s shutting down, a smooth migration is what’s on the mind of most dApp owners.
Although sacrificing a bit on decentralization, the Binance Smart Chain and its ecosystem offer a fruitful environment for DeFi apps. It opens up new opportunities for up-and-coming projects, triggering a whole new wave of crypto-asset exchange, investment, and fundraising. At the same time, it inspires innovative uses of blockchain such as NFTs.
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