Blockchain 4.0 is a new generation of blockchain technology that promises to deliver blockchain as a business-usable environment for creating and running applications, bringing the technology fully mainstream1. Blockchain 4.0 will allow businesses to move some or all of their current operations onto secure, self-recording applications based on decentralized, trustless and encrypted ledgers.
Crucially, it brings the basic, inherent advantages of blockchain within reach of businesses for the first time1. In its version 4.0, blockchain goes from being seen as a platform to a business ecosystem where its advantages such as security, automation and immutability of records and ease of performing procedures such as payments and contract signatures are leveraged2. Speed, user experience and usability by a much wider audience will be the keys to 'blockchain 4.0’3. We can classify the applications of ‘blockchain 4.0’ into two verticals: Web 3.0 and innovation3
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