Anyone who knows about blockchain knows that decentralized finance (Defi) is one of the most prominent and frequently adopted use cases in this area. Recent banking challenges, such as those surrounding Silicon Valley Bank and BNP Paribas, have prompted many to carefully consider Bitcoin and data encryption as alternatives to banking. Although the further expansion of Defi is good luck for other industries in the password industry, has blockchain technology been expanded and used in a variety of ways?

That's what Cointelegraph Research discusses in the latest data, "blockchain use cases and Adoption." It does include some financial use cases for bitcoin and data encryption, but it also builds database management, cloud storage, supply chain management, smart sensor technology, carbon credit, scattered grass-roots autonomous organizations, digital identities, and so on. The report focuses on real-world use cases rather than the application of basic theories, and details new projects in each area.

Download this report on the Cointelegraph scientific research terminal.

Cointelegraph Research uses the industry penetration, industry compound annual growth rate (CAGR) and various macroeconomic factors of different projects at the present stage to establish an exchange equation entity model, which is used to predict and analyze the future total lock-up (TVL) and potential share of blockchain technology in each market segment. In 2022, for example, the global insurance market is likely to be $594 million, with blockchain industry penetration of 0.01 per cent. Cointelegraph Research predicts that by 2025, blockchain projects will infiltrate the entire addressable market of 0.05% TVL of US $4.2 billion.

The world has long been on the block chain in many ways.

Bitcoin has been popular over the past few weeks, and the data encryption industry has recovered a total market capitalization of $1 trillion-but there are other signs that Bitcoin will be adopted in the future. A survey by Deloitte in June 2022 showed that 75 per cent of US retailers planned to accept data encryption payments within three years, while a survey by Cointelegraph last year showed that 62 per cent of professional investors had digital currencies. In addition, $36.6 billion was invested in the blockchain industry in 2022, which will help to improve the latest projects in the future.

"blockchain Application case and Adoption report" includes this and the current accounting application examples of blockchain, but it also discusses its application in entertainment, database management, ESG (natural environment, social governance) and decentralized autonomous organizations.

It's not just a substitute for Fiat cars.

The Bitcoin reform created more than just an e-cash system software, and since then, the technology has been transformed into many different applications. "blockchain application cases and adoption reports" deliberately bypass or are in the oval link of the project, and then concerned about the use of blockchain on the industry pattern has a certain impact on the project.

For example, as mentioned in the "database management" section of the statement, Internet of things sensors have a high compound annual growth rate, while the industry can achieve a significant improvement in the next two years. They provide a good solution for smart cities and even cars and a variety of sensor applications at the present stage, which can be better interacted with the surrounding environment by means of distributed system ledger such as block chain or directed acyclic graph.

Cointelegraph Research's latest figures also include pay, advertising, themed events, gambling, drama, asset securitisation and other thematic styles, explaining how they work and where they can go in the future.

Cointelegraph scientific research team

Cointelegraph's exploration unit is made up of some of the most talented people in the blockchain industry. The researchers in the team combine scientific and rigorous academic research knowledge with valuable practical experience, focusing on producing the most accurate and judgmental content in the sales market.

Michael Tabone is the deputy director of exploration at Cointelegraph. The research team is made up of subject matter experts from the financial, economic and industry fields, providing users with the main source of industry analysis reports and judicious interpretation. The research team uses API from a variety of sources to provide accurate and valuable information and analysis.

With decades of comprehensive experience in traditional finance, business services, engineering projects, technology and scientific research, the Cointelegraph Research team can make good use of its collaborative talents according to the Block chain Application case and the adoption of the 2023 report.