Worldwide spending on blockchain will hit $1.5 billion this year — twice as much as in 2017 — and it will total nearly $12 billion in 2022, according to IDC. The technology is expected to have a five-year compound annual growth rate of 73.2 percent. Cross-business collaboration and interoperability have emerged as key aspects in the technology’s growth. The financial sector will lead the spending on blockchain — $550 million this year — driven largely by rapid adoption in the banking industry.
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Leveraging Blockchain for B2B E-Commerce
Posted by: Richard Adhikari August 6, 2018 01:20 PMWorldwide spending on blockchain will hit $1.5 billion this year — twice as much as in 2017 — and it will total nearly $12 billion in 2022, according to IDC. The technology is expected to have a five-year compound annual growth rate of 73.2 percent. Cross-business collaboration and interoperability have emerged as key aspects in the technology’s growth. The financial sector will lead the spending on blockchain — $550 million this year — driven largely by rapid adoption in the banking industry.