Blockchain

• [New] Blockchain and crypto-related M&A activities will shift from the US to Asia in 2021 due to the better regulatory situation.
• [New] The next important prediction for the future of blockchain for 2022 points out to the fact that around 30% of blockchain projects worldwide will reach production stages.
• [New] The switch to sharding and the new Proof of Stake (ETH2) consensus mechanism will happen gradually, with much more data being able to be stored on the Ethereum 2.0 blockchain in 2021.
• [New] Banks will derive ~ $1 billion of value using blockchain technologies by 2020.
• [New] Global blockchain technology revenues will experience massive growth in the coming years - with market valuations for blockchain tech expected to climb to over $39 billion by 2025.
• [New] With a number of high-profile blockchain companies moving their operations to Malta, the blockchain sector is expected to account for 10% of GDP by 2027.
• [New] The International Data Corporation anticipate that spending on artificial intelligence will reach US$ 57 billion by 2021 and according to the World Economic Forum by 2027 some 10% of global GDP will be Blockchain-based.
• Financial institutions acknowledge that Blockchain technology will save billions of dollars for banks and major financial institutions over the next decade.
• Blockchain technology will create more than $176 billion worth of business value by 2025, and $3.1 trillion by 2030.
• The Excise Department within Thailand's Ministry of Finance plans to implement blockchain technology to improve its revenue collection systems in the coming year.
• Total spending on integrating blockchain into healthcare is forecast to rise to $5.61bn by 2025.
• Blockchain technology has become invaluable in the world, and its use is only going to increase in the coming years.
• Walmart and its Sam's Club division are using a farm-to-store DLT tracking system for some produce and expect to require their suppliers of leafy green vegetables to use blockchain tracking technology.
• By 2023, organizations using blockchain smart contracts will increase overall data quality by 50%, but reduce data availability by 30%, conversely creating positive data and analytics ROI.
• The global blockchain technology market is anticipated to reach USD 90.63 Billion in 2027, growing at a CAGR of 74.5% between 2020 to 2027.
• The Blockchain Supply Chain Market is expected to grow at a CAGR of 81.7% over the forecast period 2020 to 2025.
• Particularly in the fintech segment, blockchain investment is projected to reach USD 6.7 billion by 2023 at a compound annual growth rate of 75.2%.
• By 2023, Gartner projects companies using blockchain smart contracts will increase overall data quality by 50%, but reduce data availability by 30%, conversely creating positive data and analytics ROI.
• Blockchain technology is expected to grow rapidly in the coming years, with the global blockchain market projected to reach a value of $20 billion by 2024.
• In the next 10 years, blockchain is going to contribute 1.76 trillion dollars to the global Gross Domestic Development by 2030.
• By the year 2030, the business value that will be added due to blockchain technology is anticipated to be $3.1 trillion.
• Asia-Pacific Blockchain in IoT market is anticipated to grow rapidly during the projected period, and is anticipated to reach $1459.8 million by the end of 2026, at a growth rate of 94.8%.
• Blockchain spending will grow at five-year (2018-2023) CAGR of 55.3% for the Asia-Pacific region and 57.1% worldwide, with global spending reaching US$ 14.4 billion by 2023.

Last updated: 24 January 2021