What is the future of Blockchain?
The Blockchain is revolutionizing technology; however, it is new but has proved to be the best solution to many criminal and economic problems. According to a survey of Gartner, a business value forecast methodology, which defines the value of innovation based on technology rather than dollars spent on it, the Blockchain will grow to slightly extra than $176 billion by 2025, and this amount will exceed by 3.1 trillion dollars till 2030. The technology is still unknown to many people hence will take time to grow.
Another survey by International Data Corporation (IDC) shows that around the world, in 2018 money spent on Blockchain solution is 2.1 billion dollars which is double the amount was spent on it in 2017. These are the pieces of evidence that show how quick the growth rate of the technology is. The Blockchain is the need of the time to produce high security and will soon bring the world into a new phase.
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