Blockchain market to hit $19.9B by 2025: 3 insights

In 2016, multiple corporations, financial institutions, venture capitalists and even governments invested more than $1 billion into blockchain startups, according to a Tractica report.

Here are three insights.

1. The worldwide revenue for enterprise applications of blockchain was $2.5 billion in 2016.

2. By 2025, the annual revenue for blockchain enterprise applications is projected to hit $19.9 billion, representing a compound annual growth rate of 26.2 percent.

3. Although blockchain began in the financial sector, there are 19 key industries expected to ramp up their use of the technology, including healthcare. This growth may be attributed to the compliance, cost savings and security blockchain offers, unlike traditional business processes.

More articles on health IT:
McKesson acquires CoverMyMeds
CMS: 10 innovative hospital programs
AI to replace 38% of US jobs by 2030: How will healthcare fare?

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months