2024 will see a major advancement in blockchain technology as more businesses produce decentralized goods and services.
For instance, everything is currently stored on the cloud. However, if we decentralize data storage and use blockchain technology to encrypt that data, not only will our information be secure, but we will also have creative new methods to access and analyze it.
In the coming year, non-fungible tokens (NFTs) will have increased utility and practicality. For instance, you might be able to enjoy backstage experiences and artifacts if you purchase NFT concert tickets. NFTs may be contracts we sign with third parties or they may be the keys that allow us to interact with many of the digital goods and services we purchase.