Juniper forecasts that the number of retailers using blockchain in the U.S. market alone will grow by over 7,500 percent between 2018 and 2023 to reach nearly 15,000 retailers by the end of 2023.
Cross-border transactions recorded on the blockchain will surge to 1.3 billion by 2023 — that’s a CAGR of 82% over the next 4 years. The value of transactions recorded on the blockchain will thus reach an unprecedented $3.4 trillion; a CAGR of 87% over the next 5 years.
via Juniper Research
Leaders today must challenge conventional wisdom and think differently, in order to achieve the highest possible security in the context of blockchain. Here are three key considerations, each with a series of insights based on security research and other data, to empower leaders to act on these challenges.
Fintech solutions that incorporate distributed ledger technology continue to gain momentum. Worldwide spending on blockchain solutions is forecast to reach $2.9 billion in 2019 — that’s an increase of 88.7 percent from the $1.5 billion spent in 2018, according to the latest study by IDC.
“Blockchain is generating much hype and hope as an antidote to corruption. It possesses important features that can help anchor integrity in bureaucracies, by securing identity, tracking funds, registering assets, and procuring contracts.”
“The decentralized-record-keeping technology, which is designed to instill trust in the authenticity of digital transactions, could be used to create efficient solutions for both commercial and residential real estate — from buying property to conducting due diligence to enabling crowd-sourced investments, and more.”
via CB Insights
The latest worldwide market study finds $174 million in Industrial and IoT Blockchain spending today and predicts the market will expand to $573 million by 2023 – driven by encouraging pilot project results and ongoing corporate investments.
via IoT Analytics