Consider social media as a slang term of the Internet with skyrocketing growth of social like Instagram, Facebook, and LinkedIn beside the emerging blockchain applications such as content creation, targeted ads, partner selections, and etc bring even more opportunities on social platforms.
Definitely, socials have changed the way of communication. On the other hand, blockchain is revolutionizing any interaction that happens on the network through decentralization, data security, data privacy, transparency, and traceability. In terms of business communication more social will be empowered by blockchain not only for safe peer-to-peer easy communication but also to provide consensus through smart contracts in a social environment empowered by blockchain.
New social apps are developing their platforms based on blockchain for purposes like social news, rewards, AI, partner validating, and etc, however, this emerging technology has much more to offer than that. Blockchain can dramatically simplify partnership in partner selection, agreement formation, and execution. These all can take place in a social platform based on blockchain to use the benefits of both social and decentralization. Social provides the ease of communication and blockchain will pave the way for collaboration.
Vechain network with its crypto known as VET, is one of the B2B platforms based on blockchain which has a lot to do in partnership and can be the main player in supply chain and partnership ecosystem. More social platforms in B2B and business partnerships are supposed to be created to gain from coming opportunities in social-blockchain platforms.