Business Value-Add of Blockchain to Exceed $3.1 Trillion by 2030

Blockchain 768x384

A Deloitte 2018 blockchain survey confirms the increased adoption of blockchain technology in business. The study on 1053 senior executives from blue-chip companies show that 95 percent of them had budgets set for blockchain projects. This rising interest in the technology is affirmed by a Gartner study on the impact of blockchain technology in business. The study says: “The business value-add of blockchain will grow to slightly more than $176 billion by 2025, and then it will exceed $3.1 trillion by 2030.” In the Deloitte survey, 39 percent of $500 million or more in annual revenue businesses had budgets of over $5 million set for blockchain projects. The study titled “Breaking blockchain open” highlights that the set budgets were for their 2019 blockchain projects. The International Data Corporation (IDC) similarly forecasts that blockchain spending will have $9.7 billion worth of spending by 2021. The IDC also estimates a five-year CAGR…

Read the original article here