Blockchain investments are expected to grow from $400 million in 2018 to $3,5 billion by 2022, says analytical company IDC. It will impact blockchain technologies that are not related to cryptocurrencies, says TAdviser with the reference to the agency ?Prime?. IDC research is based on the investments made by different companies and the way the technology was implemented in various regions. Blockchain technology helps to arrange decentralized database with all the data stored in chains of blocks. Thus, it’s not stored all in one server but in different systems. The implementation of this technology was first carried out with Bitcoin cryptocurrency that’s why IDC focused on non-cryptocurrency related blockchain usage. IDC analysts suspect that Europe will become the second largest investor in blockchain technology: average annual growth in 2017-2022 is expected to be 80,2%. According to the information available right not, the USA holds the leading position. Blockchain is mostly popular in financial industry. In 2018 the investment hit $173 million (42% of the total investment). Banking and insurance fields are also planning to implement the technology into their system. By 2022 blockchain is expected to be mostly used verifications, requirements checking, tracking, transactions and assets and goods management. |
