Top 3 Blockchain Projects Aiming to Change the Way People Work in 2023

As the world progresses into the digital age, many wonder what new technologies will change how people live and work. Among these is blockchain technology, which some think has the potential to revolutionize how humankind manages its businesses and operations. 

This article will explore three blockchain projects aiming to change how everyone works over the long term. These projects present wide applications for the technology, and if they are successful, they could profoundly impact the global economy.

A Major Cross-Sector Shift

With the rapid growth of blockchain technology, the world economy has already begun to experience a significant cross-sector shift. This is evident, for instance, with the rise of Initial Coin Offerings (ICOs). ICOs have quickly become a popular method for startups to raise capital. 

This shift is also evident in how traditional financial institutions are beginning to adopt blockchain technology. For instance, more and more major global banks are beginning to reserve a part of their capital for crypto-based operations. This is what happened at Japan’s Nomura Holdings, Singapore’s DBS, and France’s Société Générale, just to name a few recent cases.

All the activities making up the so-called secondary sector of the economy are looking at this technology with interest. This is not surprising considering the number of issues that a public ledger, such as a blockchain system, may solve.

A Look into Three Crypto Projects Creating Interest

There are many projects in the cryptocurrency space that are creating a lot of excitement. Some do this through marketing, while others simply deliver on their promises. Here's a look at three crypto projects generating a lot of excitement.

#1. indu4.0

indu4.0 is a new project that wants to change the manufacturing industry. This is a vast industry that employs millions of people all over the world. The sector has an annual turnover of more than $21T.

However, this industry has a lot of problems and inefficiencies. indu4.0 wants to solve these problems by helping manufacturers and suppliers connect better. 

Among these inefficiencies is the matchmaking supply and demand issue in this sector. Often, suppliers and manufacturers don't know about each other, and this lack of visibility creates inefficiencies and raises costs.

An aspect to highlight is the importance of the indu4.0 B2B marketplace for this project. This is where the team brings together buyers and sellers of manufacturing services, such as the production of customized technical parts or specific machines. The project combines all the benefits of the “platform economy” approach with those of blockchain technology.

The indu4.0 project creates a new, simplified, and efficient way for buyers to search and find the right seller for their needs. At the same time, it provides the seller with increased transparency and security when selling their services or products.

The project has several use cases that solve real-world problems in the manufacturing industry. For instance, the team often mentions the use of blockchain technology for the protection of intellectual property (IP) with the help of NFT security. The possibility of making payments for the platform's services with the native INDU token is another essential aspect of the project. For instance, one may use INDU tokens to join virtual trade fairs in the metaverse.

#2. OriginalTrail 

OriginalTrail is a project going through a significant upgrade aiming to profoundly change how the world logistics industry operates. OriginalTrail is, basically, a system wishing to create a global, decentralized network for supply chain data. 

This network will leverage the OriginTrail Decentralized Knowledge Graph (ODKG). The ODKG is a graph database that can store billions of interconnected assets. This will enable tracking anything from physical to digital assets, NFTs, DeFi products, and more. 

The team is already working with some major Fortune 500 companies. However, with the upgrade, the group intends to make it much easier for anyone to use the platform. The new version will also be fully compatible with Polkadot. 

The project is appealing to investors and is already working with some big names. However, the real value will come from the platform's adoption by logistics companies. If OriginTrail can get even a tiny percentage of the multi-trillion-dollar logistics industry, it could make its investors happy. 

#3. Smart MFG

Another project steadily growing in popularity in this sector is Smart MFG. This is a blockchain tokenization project specifically designed for the manufacturing industry. In short, it allows for the digital transfer of ownership and inventory records of any asset. This is possible through the use of NFTs.

One of the key selling points of Smart MFG is its ability to incentivize collaboration and speed across supply chains. This is possible through custom rewards, which the system pays out in MFG tokens.

Furthermore, smart contracts allow for a transparent and trustless way of handling purchase orders and other documentation. Lastly, the system also has a network that enables payments to occur in MFG tokens.

Currently, Smart MFG is in the process of onboarding several notable clients. This project is still in its early stages, but investors are looking at it as a potential game-changer. 

The Benefits that Blockchain May Bring to the Global Secondary Sector

The secondary sector of the economy traditionally includes all those activities that transform raw materials into finished products. In other words, it encompasses all manufacturing and construction activity. Today, however, many use the term more broadly to include all those activities that produce goods and services.

The secondary sector is vital to the economy. The sector employs a significant proportion of the workforce and generates a substantial share of the global GDP.

The Western secondary sector has been under pressure in recent years. Its main challenges are, probably, globalization and the rise of China as a manufacturing powerhouse. Many manufacturing jobs have moved abroad to lower-cost countries. Furthermore, the sector has struggled to keep pace with the rapidly changing technology landscape.

However, there is reason to be optimistic about the future of the secondary sector. The rise of the digital economy is creating new opportunities for manufacturers. Companies in the sector are responding by becoming more agile and responsive to changes in the marketplace. 

Moreover, the adoption of new technologies, such as 3D printing and robotics, is beginning to change the manufacturing landscape.

One technology that has the potential to revolutionize the secondary sector is blockchain. Blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions. The technology is already in use in many different industries, including finance, healthcare, and the public sector.

And there are several ways one could use blockchain to improve the efficiency of the secondary sector. For example, blockchain could help to streamline supply chain management and make it easier to track the movement of goods. 

Companies could also use the technology to create a digital ledger of ownership for assets such as machinery and equipment. Furthermore, this technology can help make intellectual property management, such as technical drawings, more efficient.

Wrapping Up

Undoubtedly, blockchain faces challenges, including scalability and regulatory uncertainty. But the potential benefits of the technology are significant. And the secondary sector is well placed to take advantage of the opportunities that blockchain presents.

So, what does the future hold for the secondary sector? Only time will tell. But one thing is sure: adopting new technologies, such as blockchain, will be crucial to its success.