Q 1- critically analyze the future of Blockchain an business point of view

Here are some projections given for the year 2030 -

• By 2030 in the European Union, major blockchain applications will be private, among consortiums and company agreements
• By 2030 in the European Union, public blockchains will remain for cryptocurrencies as a form of capital investment
• By 2030 in the European Union, thanks to blockchain-based systems, companies will have access to the digitization of their shares and will be allowed to issue tokenized bonds
• By 2030 in the European Union, blockchain tokens will allow more and more open-source projects to raise funds and support continued development by repaying the developers contributing to the project
• By 2030 in the European Union, smart contracts will be highly adopted for trust-less transactions in financial and economic markets, also extended to stocks, bonds, futures, loans, mortgages, property rights, intellectual property and other contracts

Here are some of the trends already being followed in the year 2022

• Blockchain in the supply chain - covid vaccine distribution logistics requirement the vaccines are required to be under a minimum temperature and sensors will help keep an eye on the temperature and will automatically generate an entry in the blockchain which will help removing the defective ones.

• Smart contract'sare fostering blockchain adoption - 2021 has seen an increase in blockchain adoption, partly thanks to the development of smart contracts. Smart contracts are essentially agreements between two or more parties, recorded as computer code on the blockchain making them immutable and tamper-proof for all parties.

• Entering the Metaverse: The concept of a virtual metaverse has caught the attention of some of the biggest companies worldwide, considering Facebook's US$10 billion initiative to rename the company Meta and start developing a metaverse strategy

• NFTs are introducing more use cases for blockchain - NFTs, short for non-fungible tokens, have been among the hottest trends in blockchain technology this year. NFTs are minted on the blockchain as unique tokens that can't be duplicated, hence introducing the principle of scarcity to digital assets for the first time. NFTs enable a myriad of new use cases for blockchain, extending beyond art and digital collectibles.

Q 2 -Do you see any crossover from the potential projections for 2030 and the current trends, discuss the reasons for the similarities and differences.