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Author: Admin | 2025-04-28
From ownership to "Servitization," where assets are used as services rather than owned outright. This shift requires the establishment of frictionless markets and automated exchanges, with the blockchain acting as the trust machine, ensuring secure and transparent transactions.In summary, the case study review demonstrates the evolution of blockchain technology from its initial implementation in Bitcoin (Blockchain 1.0) to Ethereum and other platforms (Blockchain 2.0) and the ongoing development of Blockchain 3.0 solutions. These advancements present new opportunities for decentralisation, enhanced data analytics, and the integration of IoT, culminating in Web 3.0. By embracing these technologies, we can transition towards a future where assets are utilised as services, supported by seamless processes and trust-enabled exchanges facilitated by the blockchain.IoT-based Blockchain solutionsThe Internet-of-Things (IoT) is already used in Blockchain 3.0 as an open-source distributed ledger (e.g., IOTA, NEO, EOS) and has presented many unique alternatives for storing transactions with a potential for higher scalability (by using Tangle) over Blockchain 1.0 based distributed ledgers (such as Bitcoin). However, the interest in some of the early crypto projects seems to be dying down. In the Fig. 5 we can see the research interest of the most promising projects from the pre-2018 bull run (see Fig. 5 below).Fig. 5Trends in interest for early (pre-2018) crypto projects vs interest in cryptocurrencies in generalFull size imageOne solution that seems to be under consideration is to rename existing projects (e.g., NEO is renamed to N3—with a promise of a better Blockchain).Footnote 5 IOTA is keeping its name but
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