Blockchain Technology

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The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to  39.7 billion by 2025.

The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025. The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the overall blockchain market.

Countries such as Russia will partake in the blockchain revolution. One example of this is with state-backed initiatives such as the digital ruble. These initiatives will create frameworks for string disruptive growth in this area over the next 10 years.