Welcome to this week's edition of Digital Bytes.
In this edition of Digital Bytes we have analysis on the following topics:
NFTs and SSI: unlocking a new gaming experience - non-fungible tokens (NFTs) and self-sovereign identity (SSI) combined unlock a whole new gaming experience. In summary, NFTs are a fantastic way to capture uniqueness and scarcity, whereas SSI is perfect for storing and updating characteristics, especially when those characteristics are specific to the player. Here’s how.
Is blockchain technology changing the travel industry? - globally, the travel industry is the largest employer of any industry and, like many industries, has been embracing blockchain technology - driving greater efficiencies for the industry. Blockchains are currently being used to build decentralised platforms which help solve some of the challenges for the holiday sector and also provide an alternative to traditional online travel agencies.
The impact blockchain technology has in the retail sector - reduced costs, increased transparency, improved security and faster transactions are some of the benefits that come with the inculcation of blockchain with the retail industry. Whilst some players in the industry are already toying with the technology, a few startups are looking at an outright change to what retail means - devoid of the problems facing the wider market. What impact will blockchain technology have on the retail industry in the coming years?
Distributed networks and the growth of the stakeholder economy - existing models of decentralisation are mere waypoints in the evolution of more advanced blockchain architectures. Potentially, the endpoint of this evolution is distributed networks where the traditional structure of blockchain networks (with miners and validators performing consensus for end users) is collapsed into a more meritocratic network, with each user playing an active role in validating the network state.
Once again thank you for your comments and feedback and do keep sending us suggestions of topics for us to cover in future articles.
Jonny Fry / James Tylee of Digital Bytes by Team Blockchain on Cyber.FM featuring Brian O’Beirne Research Director Kasei PLC