The main trends in blockchain engineering for 2024 are focused on providing business solutions to many of the developments that will materialize during 2023.
At Kolokium we believe that 2024 will be key for issues related to interoperability, scalability, privacy, security, smart contracts, integration with other technologies, sustainability and implementation in different industries.
In all the aforementioned aspects, engineers and researchers will play a crucial role in the evolution and development of blockchain technology.
Blockchain engineering trends 2024
Integration solutions for AI and blockchain: One of the main benefits of combining artificial intelligence with blockchain technology is the certification and verification of results generated by AI algorithms.
#Blockchain technology, by offering an immutable and transparent record of all transactions, allows complete traceability of the processes carried out by the algorithms. An essential issue in contexts where certification of results is critical: medicine, finance, industry or government.
Blockchain's immutability capability ensures that the results of AI algorithms can be audited and certified, providing trust and transparency in the validity of the processes and results generated by AI.
Data economy
Data spaces: security and trust in data spaces will be key areas for 2024. In this sense, it is important to highlight the fundamental role that blockchain technology will play in this evolution. The ability to share data securely and traceably across diverse organizations becomes essential.
Innovative projects, such as Gaia-X, are leading the creation of federated, open, secure and transparent ecosystems. In this new paradigm, data and associated services are governed by a set of common rules, facilitating their sharing, creation and collection.
Data spaces, in addition to seeking to promote security, want to foster an ecosystem that promotes the creation of new products and services based on data in a more accessible and collaborative way. Thus establishing a new data economy.
#RWA Real-World Asset Tokenization: In 2023, the possibilities of real-world asset tokenizations have been explored.
In 2024, we will see how solutions are developed for the integration of this type of tokenized assets with companies' information systems. The objective is to cover the current gap that exists between the token, the information and the data on which it depends. A clear example is the recently published and accepted ERC-3643 standard for tokens on the #Ethereum $ETH network.
Post-quantum cryptography algorithms
Post Quantum Cryptography (PQC): The US National Institute of Standards and Technology (NIST) announced in 2023 that it expects to have several post-quantum encryption and digital signature algorithms ready in 2024. Probably, over the next year we can see several initiatives aimed at to evaluate post-quantum cryptography algorithms within blockchain technologies.
The successful implementation of CRYSTALS (Cryptographic Suite for Algebraic Lattices-Dilithium) in the Rust programming language has become the leading digital signature scheme based on post-quantum cryptographic networks.
It was evaluated and endorsed by the National Institute of Standards and Technology (NIST) in July 2022 and officially designated as the top candidate for the Post-Quantum Digital Signature Standard. The security of the scheme is based on the computational difficulty of locating short vectors within lattices, which contributes to its robustness and effectiveness.
Source: observatorioblockchain.com
