BlockChain Report 11/30: Will Blockchain Become a $3 Trillon Market?

URL copied to clipboard.

Welcome to The Blockchain Report, your daily rundown for the latest in crypto, with your host, Taylor Nikolai. Will Blockchain be a $3 Trillion Market?

PwC says blockchain will be a $3 trillion market by 2030.

According to Cryptoslate, the “big four” auditing firm PwC recently released a report on blockchain technology that examined the industry and analyzed where the blockchain industry is headed. The report discovered that 84% of companies either have a “live” blockchain project or they are experimenting with blockchain.

For the report, PwC surveyed 600 executives from 15 different countries, including the United States, India, China, Africa and Sweden. Of the 600 executives surveyed, 14% were not involved in blockchain technology in any way. Another interesting insight that PwC found is that 30% of executives surveyed believe that China will dominate the blockchain industry in the next five years, while only 18% of executives believe the U.S. will dominate the blockchain industry.

Steve Davies, a blockchain consultant who works with PwC, said: “Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain.”

Check out this story and more in the video above, and make sure to follow us on Instagram at @BlockChainReport.

More headlines