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Finance

What’s the next big craze after Bitcoin and NFTs? 

IbyIMD+ Published 5 April 2022 in Finance • 6 min read

Bored of Bitcoin? No flipping time for NFTs? Here’s what a cybersecurity expert has to say about the next wave of blockchain applications.

 

What’s the next big blockchain craze? Forget the property market. One of the biggest booms in the last 18 months has been blockchain applications. From trading cryptocurrencies to purchasing art in the form of non-fungible tokens (NFTs), blockchain assets have become household terms – and it’s not limited to just computer experts. Everyday people, investors, collectors and even celebrities have bought into the viral crazes, based around blockchain’s ability to store information electronically in a way that is virtually impossible to hack but also gives a public record of transactions. 

Professor Salil Kanhere, from UNSW School of Computing Science and Engineering, says although the underlying technology of blockchain has been around for a while, it has only taken off in recent years. “The platform is much more well-established and…

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