Rohan Murty | Don’t lose sight of blockchain

Cryptocurrencies may have lost their sheen in 2022, but the blockchain technology that powers them still holds a lot of potential for our future

New Delhi,ISSUE DATE: Jan 23, 2023 | UPDATED: Jan 13, 2023 18:18 IST

Illustration by Nilanjan Das

Illustration by Nilanjan Das

Cryptocurrencies, powered by blockchain technology, generated tremendous excitement over the past few years. Investors and companies dreamt of a future where these digital currencies would power new decentralised use cases and low-latency transactions, with the instantaneous cross-border transfer of money being a much-revered goal. Yet, while 2022 was a tough year for most asset classes globally, it was far worse for cryptocurrencies.