• Over the next 25 years, blockchain will bring positive disruption to the financial, technology, branding and consumer goods, and sports and entertainment industries.

• The continued development of blockchain use cases will be a key disruptive force in the future, including cryptocurrency and stablecoins, real asset tokenization, decentralized applications, and self-custody wallets. The fusion of artificial intelligence and cryptographic technology will also bring new impacts.

• Research findings include insights and interviews from senior leadership of the following institutions: Visa, Standard Chartered Bank, Polygon, Google, Aptos, Manchester City Football Club, McLaren Racing, and Franklin Templeton.

Global leading cryptocurrency exchange and blockchain technology company OKX, in collaboration with cryptocurrency research platform Blockworks Research, today jointly released a report titled "The Future of Blockchain Applications: Reshaping Global Industries," which explores how blockchain applications will reshape the financial, technology, branding and consumer goods, and sports and entertainment industries over the next 25 years.

The report highlights that the continued development of blockchain use cases will play a disruptive role in these key business areas, including cryptocurrency and stablecoins, real asset tokenization, decentralized applications, and self-custody wallets. Research indicates that by 2030, the total asset under management of real-world asset tokenization could reach $600 billion; by 2027, 10% of global GDP is expected to be tokenized and stored on the blockchain.

The report also notes that with cryptographic technology providing strong incentives for AI training and deployment, AI and cryptographic technology will accelerate their fusion, bringing greater coding and debugging efficiency.

According to Rich Widmann, Google Cloud's Web3 Strategy Lead, who was quoted in the report: "Blockchain is an innovation pressure cooker... We envision a digital world in 20 years where seamless digital transactions take place, where daily tasks and interactions become more efficient without relying on traditional devices. This embodies our grander vision – the fusion of AI and blockchain to achieve more efficient business and protocol encoding."

This research is based on interviews with industry experts, analysis by OKX and Blockworks Research, desk research, and a synthesis of existing industry research. The interviewees come from various leading companies, including Visa, Standard Chartered Bank, Polygon, Google, Aptos, Manchester City Football Club, McLaren Racing, and Franklin Templeton.

Haider Rafique, Managing Partner and Chief Marketing Officer at OKX, stated: "At OKX, we envision a future where on-chain technology reshapes nearly every industry. This report showcases a glimpse of the transformative potential of blockchain, and we believe that blockchain will fundamentally redefine business models and build a whole new economic paradigm. We look forward to witnessing and driving how blockchain technology will radically change the form of our lives, work, and business on a global scale."

Blockworks Co-Founder Jason Yanowitz stated, "Collaborating with OKX to write this report has been a rare opportunity for us to explore the profound impact of blockchain technology. We are excited to share how this technology is poised to reshape the global economy. It is an honor to present these insights with OKX, especially as we witness blockchain transforming global business practices, transaction models, and value creation."

Key Industry Insights

Financial Sector – Blockchain Applications are Reshaping Value Creation and Financial Products

• Institutional investors will continue to allocate funds to digital assets and related products. Further development of trading products and custody services will make it easier for investors to allocate assets in the coming years and increase exposure.

• Stablecoins are set to reshape the global payment landscape. Major companies such as Visa are investing funds and resources, and the market capitalization and usage of mainstream stablecoins continue to grow.

• Crypto-native companies have addressed legacy challenges of traditional systems in self-custody and payments, enabling the next generation of retail and business users to more easily access Web3 through their own digital wallets. Future financial services companies will build their own dApps on top of self-custody wallets.

• Mainstream financial services companies are moving towards a "tokenized" future. Over two-thirds of financial services industry respondents indicated that they are developing relevant capabilities to support the issuance and servicing of tokenized assets.

Technology Sector – Infrastructure is Shifting Towards On-chain Transformation

• Blockchain is changing the way software, networks, and data systems are built and used.

• Blockchain will influence the future direction of AI. Startups and developers are exploring how to achieve decentralized AI system development through blockchain.

• Blockchain and privacy will co-evolve in the online world, enabling users to engage in anonymous transactions while maintaining control of personal data.

• The convergence of blockchain, cloud computing, and AI is underway and poised to grow into a multi-trillion-dollar opportunity.

Brand and Consumer Goods Sector – Blockchain is Enhancing the Brand Experience

• Mainstream consumer goods and luxury brands are actively exploring the potential of blockchain. Major retailers like Walmart and luxury brands like LVMH are integrating blockchain technology to fundamentally transform supply chain transparency and production processes.

• Consumer goods and luxury brands are experimenting with various blockchain application scenarios that reshape business models, including digital product passports, luxury goods NFTs, smart contract-based business operations, and blockchain-based product lifecycle tracking.

• The consumer and luxury industry is merging the physical and digital worlds, moving further towards a blockchain-powered future; meanwhile, digital experiences can help various consumer businesses enhance user loyalty.

Sports & Entertainment Sector — Blockchain is Transforming Events and Fan Experience

• Sports organizations and teams are using blockchain technology to enhance fan interaction experiences, such as launching digital collectibles, team-specific tokens, and customized activities. The application of blockchain is expected to further expand into the metaverse, sports betting, and other new areas.

• Cryptography will bring creators a higher revenue share and more autonomy, in sharp contrast to the current situation where creators in industries such as film and music must share revenue with platforms.

• Blockchain will reshape the gaming ecosystem and provide economic incentives for players. Interoperability and the "play-to-earn" model are expected to bring a more sustainable funding mechanism to gamers.

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This article is contributed content and does not represent the views of BlockBeats.

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