⛓️Blockchain Market Overview

The Blockchain has emerged as a highly confidential and secure digital finance system during the recent decade. What makes the blockchain more lucrative for users is the smart contract feature which is accepted in almost every corner of the world and is forming a new trend in the digital finance arena and which is believed to be the financial system of the future.

Moreover, Blockchain technology is already being used by various financial institutions for carrying out transactions. The adoption of blockchain technology solutions has achieved massive popularity in the last 2 to 3 years for various business applications, such as payments, exchanges, smart contracts, documentation, and digital identity.

The global blockchain market size is projected to reach USD 67.4 Billion by 2026, exhibiting at a CAGR of 68.4% in the forecast period. In its report titled “Blockchain Market Analysis Research Report, 2021-2028” Fortune Business Insights mentioned that the market size stood at USD 3.06 billion in 2020. While according to MarketsandMarkets estimate these figures increased to USD 4.9 billion in 2021.