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Demand for blockchain skills shot up 552% in 2022. Here's why

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简介Getty ImagesBlockchain, most often associated with cryptocurrencies, has long had potential as a glo...

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Blockchain, most often associated with cryptocurrencies, has long had potential as a global database of record for business applications and processes, and there is evidence that its adoption for these purposes is on the rise. Some have discounted the hype that surrounded blockchain a couple years back, but many sizeable companies have finally put it into production.

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Take, for example, its application to supply chains. Avery Dennison, a $8-billion multinational enterprise, uses blockchain to provide a cloud service offering that provides supply chain services to some large consumer goods companies, as well as their customers. The benefit is not only the efficiency blockchain and security provides, but also its across-the-board transparency, according to Neil Hay, market development manager for Avery Dennison's atma.io division, which supplies SaaS-based supply chain services.

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"I think that we are towards the end of a paradigm shift where the drive for fast fashion and cheap apparel is pretty much ended," Hay explained to Blockchain Journal's David Berlind in an interview at the recent World Economic Forum. "The need now is to have products in which you have confidence, in which you are proud to wear, and that is going to last," Hay says.