A study by ABI Research has predicted the global revenue for blockchain technology will reach £10bn in revenue by 2023.
In Brief:
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While ICOs in 2018 have shown a significant decrease, overall growth of the underlying blockchain technology is high.
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Venture capital funding for blockchain infrastructure is on the up.
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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.
