According to a report by Gartner (2017), the business value addition of Blockchain technology will exceed $176 billion by 2025, and $3.1 trillion by 2030.
This follows the recent boom in Blockchain development across industries. According to a research, Blockchain burst into the limelight with applications in the Banking & Finance domain (most notably bitcoin and ICOs), capturing 60.5% of the market. Blockchain tech is now emerging as a focal area in various other industries. Manufacturing & Resources, for example, holds 17.6% of the market, and Distribution & Services comes in third with a 14.6% market share as reported by the researchers.
We are confident that Blockchain will play an instrumental role in pioneering the transparent and secure business processes of the future. Blockchain is set to become the foundation upon which we build a plethora of innovative business applications that surpass the cryptocurrency use case.