“Blockchain is often discussed as if it is one single technology. But it is really a combination of several distinct features – decentralization, distribution, cryptography, and automation – which are combined in different ways by different platforms.”
The global blockchain supply chain market size was valued at $93.16 Million in 2017 and is projected to reach $9,852.91 Million by 2025, growing at a CAGR of 80.2% from 2018 to 2025.
According to Juniper Research, driven by the increasing acceptance of alternative approaches to traditional banking solutions, fintech platform revenues will reach $638 billion by 2024 — that’s up from an estimated $263 billion in 2019.
According to the latest worldwide market study by Juniper Research, B2B transactions processed by pureplay digital payment operators will reach $14 trillion by 2023 — that’s up from $6.7 trillion in 2018.
“92 percent of those surveyed agreed that companies must be proactive about data protection. The good news for banks: most consumers (42%) trust them more than any other industry, apart from hospitals.”
According to Juniper Research, the annual value of virtual cards (e.g. temporary card numbers only available for a single transaction or limited time) used by businesses will grow by 90 percent over the next four years — exceeding $1 trillion by 2022.
Artificial intelligence, machine learning, and big data will transform financial services and small-business lending long before they impact driverless cars, predicts Harvard Business School Senior Fellow Karen G. Mills.