Some emerging trends

With the advancement of blockchain technology and the rigorous research being conducted in this space, various developments have been seen in recent years, including application-specific blockchains, new start-ups, and standardization efforts to improve adoption. Some other trends include research on interoperability between chains, scalability, privacy, and security research. Limitations around the interoperability of blockchains have also resulted in changes oriented toward the development of systems that can work across multiple blockchains. Some examples of these systems are Interledger, Polkadot, Cosmos, cross-chain atomic swaps, relay networks, and blockchain bridges. This trend of addressing technical challenges is expected to continue to develop in years to come, and even if almost all fundamental challenges are addressed in blockchain technology, further enhancements and optimization research will continue.

Blockchain technology has stimulated intense...