Blockchain

[New] By 2023, organizations using blockchain smart contracts will increase overall data quality by 50%, but reduce data availability by 30%.
[New] The global market for automotive blockchain is projected to grow with a CAGR of 31.1% during the forecast period from 2020-2030 and is estimated to reach $6.1 billion by 2030.
[New] Blockchain technology holds great potential, especially to optimise clearing and settlements, and could represent global savings of up to $6bn per year.
Gartner forecasts that blockchain, the technology that powers cryptos, will generate $3.1 trillion in new business value by 2030.
PWC's 2017 Global Fintech Report surveyed > 1.3K executives and showed 55% of respondents planned to adopt Blockchain as part of processes by 2018 and 77% expected Blockchain to be a common element found in business processes by 2020.
The use of blockchain could increase aerospace industry revenue by as much as 4 percent, or US$ 40 billion, while cutting MRO costs globally by around 5 percent or US$ 3.5 billion.
Blockchain is expected to benefit cross-border payments between businesses, helping enable a few trillion U.S. dollars in international transaction value by 2024.
The global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2 billion by 2028, experiencing a compound annual growth rate of 67.8% from 2019-2028.
The World Economic Forum (WEF) anticipates that 10 per cent of global GDP will be stored on the blockchain by 2025.
By 2023, the global RPA market is expected to be worth $8.69 billion, and technology company CIOs report they are outpacing other industries with their investment in RPA and other transformational technologies such as artificial intelligence, IoT, and blockchain.
By 2023, blockchain inspired technology will support the global movement and tracking of $2 trillion of goods and services annually.
Blockchain technology will be adopted to authenticate up to 30% of world news and video content by 2023 in an attempt to combat deep fake technology.
After Xi Jinping's comments expect the Chinese government to push the development of blockchain technology, ahead of the application of cryptocurrencies which are banned in China.
The global agriculture blockchain market is expected to grow from USD 43.55 million in 2018 to USD 487.85 million by the end of 2025 at a Compound Annual Growth Rate of 41.22%.
Global Blockchain in Medical Platforms are expected to have CAGR of +17% during the forecast period 2020-2027.
Blockchain authenticates content - By 2023, up to 30% of world news and video content will be authenticated as real by blockchain, countering deep fake technology.
Asia will remain at the forefront of innovation in blockchain, with China's digital currency set to be rolled out next year.
The EU venture capital in blockchain companies was $700 million in 2019 and will surpass the all time high of $850 million of 2018 to reach $900 million in 2020.
Global Blockchain Technology Market valued approximately USD242.4 million in 2016 is anticipated to grow with a healthy growth rate of more than 81.2% over the forecast period 2017-2025.
Global spending on AI will reach $57.6 billion by 2020 and 51% of businesses will be making the transition to AI with blockchain integration.
41 percent of technology company leaders expect to implement blockchain technology at their company over the next three years.
53 percent of companies have placed blockchain as one of their top five priorities, and Gartner reported that blockchain technology will create more than $176 billion worth of business value by 2025 and $3.1 trillion by 2030.
The Global Blockchain In Pharmaceutical Supply Chain Management Market is expected to register an approximate CAGR of 22.5% during the forecast period of 2019-2024.

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Last updated: 29 March 2020