4 Ways Blockchain Technology is Improving Social Media
When we typically talk about blockchain technology, it is often associated with cryptocurrencies and their forerunner — Bitcoin. Naturally, this was caused by the unparalleled price surge in 2017 and the beginning of 2018, followed by a prolonged bear market which gained massive public attention, along with this most recent crash.
Despite being in a fairly young state of development, blockchain technology is steadily gaining momentum. A recent Glassdoor survey revealed that blockchain-related jobs are booming, currently peaking on an 8-month high, despite the prolonged bear market.
Blockchain technology has tremendous potential and applicability in fields well beyond finance. We’ve recently explored its applicability in industries such as gaming, B2B relationship, P2P lending, and so forth.
Continuing our dive into the numerous real-world applications of this transformative technology, let’s take a closer look at how it can impact one of the most influential and encompassing of our current time — social media.
So how exactly can blockchain technology transform social media?
Here are 4 trends which could be addressed by specific blockchain features.
