Blockchain market to be worth $10bn in revenue by 2023

August 30, 2019 | Blockchain

Written by FinTech Alliance

Blockchain market to be worth $10bn in revenue by 2023

A study by ABI Research has predicted the global revenue for blockchain technology will reach £10bn in revenue by 2023.

In Brief:

  • While ICOs in 2018 have shown a significant decrease, overall growth of the underlying blockchain technology is high.

  • Venture capital funding for blockchain infrastructure is on the up.

  • There is currently a lack of middleware technology options but this should emerge by 2021.

What does this mean?

While blockchain was just a few years ago solely associated with Bitcoin, crypto assets are almost forgotten in the conversation about the technology’s potential today. Development of middleware tech should help blockchain fully emerge as a technology adopted by startups and larger organisations alike.


Read more here. 

 

More in Blockchain

JP Morgan sells blockchain project to ConsenSys  
Blockchain
August 27, 2020

JP Morgan sells blockchain project to ConsenSys  

ConsenSys has agreed to acquire Quorum, an enterprise blockchain project, from JP Morgan.  ...

Globacap: helping businesses scale
Blockchain
August 11, 2020

Globacap: helping businesses scale

Capital markets play a vital role in the UK economy – nearly 90% of all companies with revenue...

UNICEF looks at cryptocurrency potential
Blockchain
July 03, 2020

UNICEF looks at cryptocurrency potential

Children’s charity UNICEF is looking to expand its use of cryptocurrency In Brief:...

Blockchain
December 20, 2019

See the full picture of the value of blockchain

In brief When done right, blockchain is about rethinking business models and relationships bet...

Blockchain
December 20, 2019

How public blockchains are making private blockchains obsolete

The era of private blockchain comes to a close as the value of public blockchains is realized. 

Blockchain
November 29, 2019

Global Blockchain Race: Which Countries Are in the Lead?

FinTech is having a great decade. According to Carsurance, four of the most disruptive innovations i...

There are no Events in this category