Christopher de Diego talks about blockchain

Blockchain technology has shot ripples through all industries in the modern world. Cryptocurrency is a household term, NFTs have been the subject of memes and investments alike, and everybody is wondering whether blockchain tech is a fad or here to stay. 

While no one can predict the future, many experts agree that the latter is more likely. People like Christopher de Diego believe blockchain technology will only grow larger through 2022 and beyond. 

Christopher de Diego is an entrepreneur and blockchain expert. He has a magnitude of experience with both cryptocurrency trading and NFT investing, which is why we thought he’d be the best person to interview for our blockchain questions.

Here’s what Christopher de Diego had to say. 

Do you think people are still going to invest in cryptocurrency? Is it a good idea to do so?

Definitely, crypto isn’t going anywhere. Ethereum is still immensely popular and used almost everywhere that blockchain tech is present. It’s needed for NFT trading, which is also highly possible and will likely be used for just about every blockchain transaction. 

I can’t tell anyone where to invest their money; I know I will continue to trade cryptocurrencies. It’s a young, volatile market, and there’s a lot of profit potential, and that’s not going to change anytime soon. 

Do you think there will be more regulation on the blockchain in 2022? How will that impact investment?  

Well, cryptocurrency, blockchains, NFTs, it’s all a legal grey area at the moment. It’s the wild west. When dealing with something like that, there will always be bad actors, which makes it difficult for the rest of us when regulations do come. 

Will the blockchain be regulated in 2022? I don’t know. No one knows. I doubt it because businesses are just now starting to really look at the blockchain as an option. After it becomes more common-place to store documents and make business transactions on the blockchain, yeah, regulation will hit, and it will hit hard. 

How about NFTs in 2022? What do you expect to see in that area?

Already, I see a lot of influencers creating NFT projects and marketing to their viewers. I think it’s great; it’s like buying a T-Shirt of your favorite band. This will continue, but NFTs can be for so much more than art. First of all, I expect more influencers and celebrities to start their own NFT projects, making the technology more popular, which will blow the doors wide open for possibilities. 

What else do you expect to see if NFTs can be more than art?

Well, for example, music can be minted as an NFT. Right now, when people want music, they purchase it from something like iTunes. What if iTunes were to say “we want this back” one day? 

If artists sell their music on the blockchain, whoever buys the album or mp3 will own it. I think this is the future, and 2022 might be the year some musician decides to dive into this idea. 

Do you think businesses will integrate blockchain technology into their systems? How could they do so? 

With the blockchain movements in 2022, I definitely think more businesses will use blockchain technology to secure data and make transactions. Safe contracts can be created on the blockchain, and two parties can use them to make any kind of deal they want and have absolute certainty that the contract will be solid and protected. 

Hospitals, law firms, real estate, almost every industry can benefit from this technology.