Petroc Taylor
Research expert covering global developments in the use of data
Get in touch with us nowBlockchain technology market size worldwide 2018-2025
Forecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 39 billion U.S. dollars in size by 2025. The banking sector has been one of the quickest to invest in blockchain, with around 30 percent of the technology’s market value concentrated in this field.
How is blockchain used?
Given its nature as a tamper-evident distributed ledger, the technology offers many possible uses to business ventures spanning across different industries. As of 2018, the most common use cases for blockchain within organizations include secure information exchange. The technology has also proven itself to have great promise in the field of digital currency and payments, with the most successful cryptocurrencies in the world built using the platform and many businesses using some type of blockchain system for inter-company transactions.
The business of blockchain
Given the potential of the technology and the widespread business interest in the capabilities it can provide, blockchain has become an industry in its own right, even at this relatively early stage of its development. Promising blockchain startup companies regularly accumulate hundreds of millions of dollars of investment in their initial offerings, with particularly successful ones such as EOS raking in multiple billions.
How is blockchain used?
Given its nature as a tamper-evident distributed ledger, the technology offers many possible uses to business ventures spanning across different industries. As of 2018, the most common use cases for blockchain within organizations include secure information exchange. The technology has also proven itself to have great promise in the field of digital currency and payments, with the most successful cryptocurrencies in the world built using the platform and many businesses using some type of blockchain system for inter-company transactions.
The business of blockchain
Given the potential of the technology and the widespread business interest in the capabilities it can provide, blockchain has become an industry in its own right, even at this relatively early stage of its development. Promising blockchain startup companies regularly accumulate hundreds of millions of dollars of investment in their initial offerings, with particularly successful ones such as EOS raking in multiple billions.
