As of April 2023, there are 85.5 million Bitcoin wallet users worldwide on blockchain.com, and over 108 million users on Coinbase. This totals to more than 193 million Bitcoin wallets.
Today, we’re going to explore some of the most valuable Blockchain statistics for 2023.
Let’s get started.
Key Blockchain Statistics 2023 – MY Choice
- With a compound annual growth rate of 56.3%, the blockchain industry will be worth $163.83 billion by 2029.
- There are over 170 million blockchain wallets worldwide (Blockchain.com users + Coinbase users)
- The global spending on blockchain solutions will reach $11.7 billion in 2022 and $19 billion by 2024.
- There are over 83 million bitcoin block explorer blockchain.com wallets users worldwide as of July 2022.
- Over 199000 Bitcoin transactions are carried out in a single day as of July 2022. (1999369 to be precise as of 10th July 2022)
- 10% of the global population own cryptocurrencies.
- 16% of Americans have invested in cryptocurrency.
- Using blockchain, financial institutions can save up to $12 billion every year.
- Blockchain technology in the healthcare sector globally is predicted to reach $231.0 million by 2022, with a 63% growth rate over the next six years.
- Moving securities to blockchains might save $17 billion to $24 billion in global trading processing fees annually.
|Cost of transferring $1.12 billion via Ether||$0.19|
|Potential savings for investment banks with blockchain||$8 billion|
|Predicted yearly profit of blockchain market by 2024||$20 billion|
|Predicted growth rate of blockchain technology market||37.4% per year|
|Percentage of executives seeing potential in blockchain||86%|
|Companies planning to invest in blockchain in 2021||24% between $5 million and $10 million; 24% $500,000 to <$1 million; 12% >$10 million|
|Largest blockchain organization in the world||Bitmain valued at $50 billion|
|Potential increase in productivity through blockchain implementation||$700 million|
|Predicted value of worldwide blockchain agriculture and food markets by 2028||$1.4 billion|
|Number of blockchain-based transactions executed||612 million|
|Percentage of companies implementing blockchain in manufacturing and consumer products sectors||33%|
|Number of blockchain wallet users as of end of 2020||Over 63 million|
|Percentage of IT professionals who have invested in crypto||15%|
|Increase in blockchain investment in 2018||280%|
|Predicted growth of blockchain technology pushed by the gaming industry||Yes|
|Lenovo mobile device that uses blockchain-based payment system||Yes|
Blockchain General Stats
|Global blockchain market value by 2026||$67.4 billion (Market and Markets)|
|Worldwide spending on blockchain solutions in 2021||$6.6 billion (Statista)|
|Blockchain growth rate from 2022 to 2030||85.9% (Triple A and Grandview Research)|
|Blockchain’s impact on global GDP by 2030||$1.76 trillion (PwC)|
|North America’s blockchain market share between 2022 and 2026||The highest (Markets and Markets)|
|Financial sector’s contribution to the blockchain market value||More than 30% (Statista)|
|Blockchain in healthcare market value by 2028||$1189.8 million (Vantage Market Research)|
|Financial services pioneers’ belief in blockchain adoption||96% believe it has achieved mainstream adoption (Deloitte)|
|Blockchain in agriculture and food market value by 2026||$1.48 billion (BIS Research)|
- There are 80,025,125 total blockchain wallet users as of December 21st, 2021.
What is the global blockchain market worth in 2030?
According to a study by TripleA and Grandview research, the global blockchain market will be worth $1,431.54 billion by 2030. This represents a Compound Annual Growth rate of approximately 85.9% between 2022 and 2030.
What impact will blockchain have on global GDP?
The PwC “Time for Trust” report on blockchain and the evolving market found that blockchain technology could boost global GDP by $1.76 trillion by 2030, which is approximately 1.4% of the global GDP today.
Blockchain is particularly valuable in the current market as it helps companies address the rising demand for better security and transparency in the business world.
Which markets are the biggest users of blockchain?
The financial sector accounts for over 30% of the complete market value of blockchain, according to Statista reports. However, other markets are starting to benefit from blockchain technology, including manufacturing, distribution and services, and the public sector.
Additionally, Vantage market research expects the global market size for blockchain in healthcare to reach $1189.8 million by 2028.
- Around 90% of all banks in the US and Europe had started blockchain-related projects by 2018. It’s a trend in accounting as well, as it helps with record-keeping.
What is driving the growth of blockchain?
The growth of blockchain is being driven by several factors, including increasing venture capital funding, extensive use of the solution in banking and security, and a growing demand for security with digital identities and web 3.0.
Furthermore, many people believe blockchain will be essential to verifying customer identity in the future.
Provenance is also the number one factor driving the adoption of blockchain.
Who are the biggest users of blockchain?
According to a report by Grandview Research, more than 300 million people worldwide owned or used a cryptocurrency in 2021, meaning they also interacted with an element of the blockchain. Additionally, 96% of financial service experts believe that blockchain has achieved mainstream adoption.
The rising demand for blockchain is linked to the early adoption of cryptocurrency in North America and an increasing investment by businesses in new security and vulnerability management tools.
- By 2023, worldwide spending on blockchain solutions will reach $13.7 billion.
Blockchain Statistics: Global Market Size and Revenue 2023
The following tables provide an overview of key statistics and market data related to blockchain technology:
Table 1: Blockchain Market Revenue
Table 2: Regional Spending on Blockchain Solutions
|United States||$2.6 billion|
|Western Europe||$1.6 billion|
|Central and Eastern Europe||CAGR of 50%|
|China||CAGR of 54.6%|
Table 3: Projected Business Value of Blockchain Technology
|Year||Business Value (USD)|
|77% of Chief Information Officers have no interest in blockchain||Statista|
|39% of companies face regulatory issues for blockchain investment||Statista|
|KuCoin invests $3M in Bitcoin Australia||AFR|
|Bittrex trading volume exceeds $86M in 24 hours|
|Centra raised $32M via an ICO promoted by Floyd Mayweather||CNBC|
|Blockchain in financial sector to reach $22.46 billion by 2026||Statista|
|Blockchain in manufacturing market to reach $778.05M by 2026||The Business Research Company|
|Manufacturing and resources sector allocated $334M for blockchain in 2018||Builtin|
|Blockchain technology market size to be worth $7.59B by 2024||Cision|
|Global blockchain market to grow to over $60B by 2024||Forbes|
|Global spending on blockchain to reach almost $20B by 2024||Statista|
|13% of senior IT leaders have plans to implement blockchain||The Enterprisers Project|
What percentage of Chief Information Officers showed no interest in blockchain in 2018?
According to a Statista survey, 77% of Chief Information Officers had no interest in incorporating blockchain technology into their businesses in 2018.
What percentage of companies were held back from investing in blockchain by regulatory issues?
39% of companies that wanted to invest larger amounts of money in blockchain technologies were held back by regulatory issues, according to the same Statista survey.
How much did KuCoin invest in Bitcoin Australia?
KuCoin invested $3 million in Bitcoin Australia, which enabled trading of multiple cryptocurrencies in Australia and opened the path for new investors. KuCoin has plans to invest in more than 30 countries in the same way as they did in Australia.
How much was Bittrex’s trading volume in 24 hours?
Bittrex had trading volume slightly higher than $86 million in 24 hours, according to LinkedIn.
How much did Centra raise via an ICO?
Centra raised $32 million via an ICO, which was promoted by boxer Floyd Mayweather. However, Centra was later shut down by the SEC due to fraudulent activities, and the founders were arrested.
What is the expected market size of blockchain in the financial sector by 2026?
According to Statista, blockchain in the financial sector is expected to reach a market size of $22.46 billion by 2026.
What is the predicted market size of blockchain in manufacturing by 2026?
The Business Research Company predicts that the market size of blockchain in manufacturing will reach $778.05 million by 2026.
Blockchain for Travel & Mobility
How much did the manufacturing and resources sector allocate for blockchain technology in 2018?
The manufacturing and resources sector spent more than $334 million on blockchain-based technologies in 2018, according to Builtin.
What is the expected market size of blockchain technology by 2024?
According to Cision, the blockchain technology market size will be worth $7.59 billion by 2024.
What is the expected global blockchain market size by 2024?
Forbes predicts that the global blockchain market will grow to over $60 billion by 2024.
How much will be spent on blockchain by 2024?
According to Statista, spending on blockchain will surge to $19 billion by 2024.
What percentage of senior IT leaders have plans to implement blockchain?
The Enterprisers Project reports that 13% of senior IT leaders have clear and current plans to implement blockchain into their companies’ daily dealings.
What will account for around 70% of all blockchain spending over the next five years?
According to Finder, IT and business services will account for around 70% of all blockchain spending over the next five years.
- There are 696,251,416 total transactions on Blockchain.com as of December 21st, 2021.
Table 4: Potential Savings from Using Blockchain Technology in the Financial Industry
|Industry||Annual Savings Potential (USD)|
Table 5: Reduction in Bank Infrastructure Costs with Blockchain Technology
|Industry||Cost Reduction Potential (USD)|
|Banking||30% of infrastructure costs, or $12 billion|
Table 6: Blockchain Models
|Model||Percentage of Organizations Focusing on It|
Table 7: Blockchain Usage by Industry
|Industry||Percentage of Companies Experimenting or in Production Phase|
Table 8: Predicted Impact of Blockchain on Payments Industry in Europe
|Year||Percentage of People Predicting Impact|
Table 9: Belief in Competitive Advantage with Blockchain Technology in Asia-Pacific
|Region||Percentage of Employees Believing in Competitive Advantage|
- The global blockchain market is expected to grow from US$ 7.18 billion in 2022 to US$ 163.83 billion by 2029. It is estimated to grow at a CAGR of 56.3% from 2022 to 2019.
- North America (US$ 2.2 billion in market share) dominates the current global blockchain market. However, studies predict that the Asia-Pacific region will grow at the highest CAGR from 2021 to 2027.
- 10% of the global GDP will be stored on blockchain technology by 2027.
What is the estimated revenue of the global blockchain market in 2024?
The global blockchain technology market is expected to accumulate $20 billion in revenue by 2024, according to blockchain growth statistics. This is a significant increase from the $315 million revenue achieved by blockchain in 2015.
How much will the US spend on blockchain solutions?
The US will spend around $2.6 billion on blockchain solutions, making it the biggest regional spender when it comes to blockchain. Western Europe and China are the second- and third-biggest clients for the technology, with spending of $1.6 billion and $777 million respectively.
What is the projected business value of blockchain in 2026 and 2030?
Current estimates show that the business value of blockchain will be worth more than $360 billion by 2026 and over $3 trillion by 2030. With every major industry investing in blockchain technologies, this industry is projected to be one of the most lucrative.
How much can banks potentially save by using blockchain technology?
The financial sector can save up to $12 billion every year by switching their transfer and storage needs to the blockchain. In addition to bringing an immense increase in the security of transactions, blockchain technology can cut the costs of data transfer and storage.
What percentage of business leaders who are actively using blockchain believe it plays a key role in advancing the technology?
Seventy-one percent of business leaders who are already using blockchain technology believe it plays a key role in driving their progress. Technological advances in the logistics and shipping industry would be significantly slower without blockchain, especially for ocean shipping.
What percentage of government organizations plan to invest in blockchain technology?
Ninety percent of government agencies and organizations plan on investing in blockchain, and they plan to do so this year. Blockchain-based technologies can help government organizations increase their transparency and establish clear audit trails, apart from reducing the time and risk of enforcing regulatory compliance.
What percentage of enterprise respondents stated that their organizations were focusing on a permissioned blockchain model in 2018?
Fifty-two percent of organizations that are developing a blockchain are focusing on a permissioned blockchain model, which is a system of record available to access by those with special permission.
What percentage of respondents from the consumer products and manufacturing industry stated their company was in either the experimentation or the production phase of blockchain development?
Seventy-four percent of respondents from the consumer products and manufacturing industry stated their company was in either the experimentation or the production phase of blockchain development.
What percentage of people believe that blockchain technology will have an impact on some niches or aspects of the payments activity in Europe by 2025?
Thirty-six percent of Europeans working in the payments industry predict that blockchain will have an impact in this sector and change some aspects of the industry by 2025.
What percentage of employees believe that with the use of blockchain they will gain a competitive advantage in Asia-Pacific?
Senior executives from Asia-Pacific believe, by a majority of 70%, that using blockchain technologies can give them a competitive advantage in the region, according to a survey.
How much VC funding did Coinbase receive between 2014 and 2017?
Coinbase, one of the major digital currency exchanges, received venture capital funding of more than $250 million between 2014 and 2017. Blockchain figures can sometimes reach hundreds of millions of dollars.
- The USA is expected to spend more than $2.5 billion on blockchain technology.
How Many People Own Bitcoin
|Blockchain.com wallet users||85 million (102% YoY increase)|
|Coinbase bitcoin users||108 million|
|Total bitcoin wallets worldwide||193 million|
|Bitcoin blockchain size||464.83 GB|
|FBI’s share of all bitcoins||1.5%|
|Maximum number of bitcoins possible||21 million|
|Percentage of bitcoins already mined||Nearly 90%|
|Energy consumption per transaction||2,188 kWh|
|Energy consumption of 100k VISA transactions||148.63 kWh|
|Forecasted year for last bitcoin to be mined||2140|
|Bitcoin ATM count globally||14,915|
|Bitcoin ATMs in the US||11,386|
|US share of global Bitcoin ATMs||89.4%|
|Top Bitcoin ATM producer||Genesis Coin|
|Public company with most bitcoins||MicroStrategy (129,218)|
|Tesla’s bitcoins on balance sheet||43,200|
|Marathon Digital Holdings’ bitcoins||8,133|
|BLOCK’s bitcoins on balance sheet||8,027|
|Bitfarms’ bitcoins on balance sheet||5,243|
|Hut 8’s bitcoins on balance sheet||5,242|
|Coinbase’s bitcoins on balance sheet||4,487|
|RIOT’s bitcoins on balance sheet||4,464|
How many people own Bitcoin?
As of April 2023, there are 85 million Bitcoin wallet users worldwide on blockchain.com, and over 108 million users on Coinbase. This totals to more than 193 million Bitcoin wallets.
What is the size of the Bitcoin blockchain?
As of April 2023, the Bitcoin blockchain is 464.83 Gigabytes in size, compared to 1.02 Gigabytes in February 2012.
Who holds a percentage of all Bitcoins in the world?
The FBI holds 1.5% of all Bitcoins in the world.
How many Bitcoins can exist at the same time?
21 million Bitcoins can exist at the same time.
How much energy does a Bitcoin transaction consume?
A single Bitcoin transaction consumes 2,188 kilowatt-hours of energy. In comparison, 100,000 VISA transactions consume 148.63 kilowatt-hours of energy.
When is the last Bitcoin expected to be mined?
It is forecasted that the last Bitcoin will be mined in the year 2140.
What is the current price of Bitcoin?
As of April 18th, 2023, Bitcoin is priced at $27,344.60.
How many Bitcoin transactions are carried out in a single day?
As of April 2023, around 400,000 Bitcoin transactions are carried out in a single day.
How many Bitcoin ATMs are there globally?
There are 14,915 Bitcoin ATMs globally, with 11,386 located in the United States, which makes up 89.4% of the world’s Bitcoin ATMs. The top Bitcoin ATM producer globally is Genesis Coin.
Which public company has the most Bitcoins on its balance sheet?
Microstrategy is the public company with the most Bitcoins on its balance sheet, with 129,218 Bitcoins. Other companies banking on Bitcoin include Tesla, Marathon Digital Holdings, BLOCK, Bitfarms, Hut 8, Coinbase, and RIOT.
Blockchain for Business Stats
Table 1: Adoption of Blockchain by CIOs
|Year||Percentage of CIOs Planning to Integrate Blockchain|
|2016||Less than 10%|
Table 2: C-Level Officers’ View on Blockchain
|Year||Percentage of C-Level Officers Identifying Blockchain as Crucial|
Table 3: Replacement of Blockchain Enterprise Platforms
|Year||Percentage of Blockchain Enterprise Platforms That Need to be Replaced|
Table 4: Blockchain in Healthcare
|Year||Percentage of Health Executives Prioritizing Blockchain|
(Source: Healthcare Weekly)
Table 5: Reasons for Adopting Blockchain
|Reasons for Adopting Blockchain||Percentage|
|Value Chain and New Business Models||23%|
(Source: Compare Camp)
Q: How many CIOs are planning to integrate blockchain into their infrastructure by the end of 2022?
A: According to MVP, 60% of CIOs across sectors are on the verge of integrating blockchain into their infrastructure by the end of 2022. This is a significant increase from past years when more than half of all CIOs surveyed had no plans to incorporate blockchain technology into their business.
Q: What percentage of C-level officers identified blockchain as a crucial part of their organizational infrastructure in 2020?
A: According to Deloitte, 53% of C-level officers identified blockchain as a crucial part of their organizational infrastructure in 2020. From CEOs to chief financial officers and chief human resource managers, all have identified blockchain as a technology that can help their organizations function more efficiently.
Q: Why do more industries adopt blockchain?
A: According to Compare Camp, the primary reasons for more industries adopting blockchain are the value chain, new business models, and greater security. Recent blockchain statistics for business show that 23% of respondents cite value chain and new business models as the main reasons why they adopted blockchain. Another 23% claim that they would do so for a higher degree of security. This is particularly important given the increasing number of cybercrime incidents.
Q: Why do 40% of top health executives see blockchain as one of their top 5 priorities?
A: According to Healthcare Weekly, 40% of top health executives see blockchain as one of their top 5 priorities. Blockchain in healthcare can allow for interoperability and the transfer of patient information from one health center to another without complication or misinformation.
Q: Why do 90% of blockchain enterprise platforms need to be replaced in 2021?
A: According to Gartner, 90% of blockchain enterprise platforms needed to be replaced in 2021 due to rapid evolution, shifting competitive landscape, and possible early-stage technology failures. As the demand for blockchain technology increases, newer enterprise blockchain vendors are emerging that offer suitable services.
- 9 out of every 10 blockchain platforms needs replacing in 2021.
Blockchain Statistics: Top Use Cases 2023
|Sporting Goods||A sporting goods store in Fort Lauderdale, Florida uses cryptocurrency to make payments to a wholesale vendor in China, cutting down waiting time and allowing for quick front-ordering of shipments before international trade delays were announced due to the COVID pandemic.|
|Fintech||Crowdz, an invoice financing platform, uses Ethereum private chain as a ledger for their invoice transaction system to offer small and midsize businesses an alternative to traditional bank financing. Blockchain technology helps to reduce cash flow bottlenecks and improve transaction ease, security, and transparency.|
|ATMs||Pelicoin operates the largest network of cryptocurrency ATMs in the Gulf South, with over 30 locations throughout Mississippi, Louisiana, Texas, Alabama, and Tennessee. Users can buy or convert coins to cash and create paper wallets for future transactions. Blockchain is a core technology in the cryptocurrency ATM business.|
- Cross-border payments and settlements were the largest blockchain technology use case in 2021, accounting for 16% of the global blockchain market size.
- The blockchain in the healthcare market was valued at US$ 281 million in 2020 and is forecast to witness a 52.1% CAGR (compound annual growth rate) from 2022 to 2027.
- Digital currency (33%), data access (32%), and data reconciliation (31%) are the main areas of focus of the organizations working on blockchain technology.
Q: What are some examples of blockchain being used in different industries?
A: Blockchain technology has a wide range of applications in various industries. Here are three case studies:
- Sporting goods: A sporting goods store in Fort Lauderdale, Florida, uses cryptocurrency to make seamless payments to a wholesale vendor in China. This allows for faster and more efficient transactions than traditional bank transfers, and helped the store avoid delays during the COVID-19 pandemic.
- Fintech: Crowdz, an invoice financing platform for small and midsize businesses, uses Ethereum private chain as a ledger for its invoice transaction system. Blockchain technology provides operational efficiency, security, and transparency for the company, and helps reduce cash flow bottlenecks for its clients.
- ATMs: Pelicoin operates the largest network of cryptocurrency ATMs in the Gulf South, allowing users to buy coins or convert to cash 24/7. Blockchain technology helps ensure the security of these transactions, and users can even create a physical paper wallet with the keys and QR codes needed for future transactions.
Q: How does blockchain technology benefit the fintech industry?
A: Blockchain technology provides operational efficiency, security, and transparency for fintech companies like Crowdz. This allows for faster and more secure transactions, reduces cash flow bottlenecks for small businesses, and helps investors fund invoices and receive profits.
Blockchain technology also allows for easy access to cryptocurrencies, making it easier for novice investors to get involved.
Q: What is Pelicoin and how does it use blockchain technology?
A: Pelicoin is a network of cryptocurrency ATMs in the Gulf South. It uses blockchain technology to ensure the security of transactions and allows users to buy coins or convert to cash 24/7.
Pelicoin also allows users to create a physical paper wallet with the keys and QR codes needed for future transactions. By providing easy access to cryptocurrencies, Pelicoin is helping to democratize this rapidly expanding market.
Q: How has blockchain technology helped businesses during the COVID-19 pandemic?
A: Blockchain technology has helped businesses like the sporting goods store mentioned in the case study to avoid delays during the pandemic.
By using cryptocurrency for payments, the store was able to front-order everything needed for the coming months and avoid international trade delays.
Blockchain technology has also helped businesses like Crowdz to reduce cash flow bottlenecks and provide working capital to small businesses.
Cryptocurrency Facts and Stats
|Bitcoin in circulation||18.3 million (as of September 2018)|
|Bitcoin price (as of March 15, 2022)||$39,106.75|
|Bitcoin’s market capitalization (January 2022)||$1.8 trillion|
|Largest crypto exchange in the world||Binance|
|Average daily trade volume of Binance||$2 billion|
|Bitcoin blockchain size (August 2022)||420.59 GB|
|Maximum and total amount of Bitcoins||21 million|
|Transactions per hour globally||12,000|
|Bitcoin transactions per day||188,912|
|Percentage of bitnodes by country (top 3)||US (23.6%), Germany (18.95%), France (6.82%)|
Table 2: Other Cryptocurrency Facts
|Ethereum growth prediction for 2022||400%|
How many Bitcoins are currently in circulation?
There are currently about 18.3 million bitcoins in circulation, up by approximately 1.4 million coins since September 2018.
What is the current price of Bitcoin?
As of 15 March 2022, the current price of Bitcoin is $39,106.75. However, note that the value fluctuates by the minute.
What happened to Bitcoin’s market capitalization in January 2022?
In January 2022, Bitcoin’s market capitalization dropped by $1.2 trillion, hitting a low after reaching an all-time high of almost $3 trillion in November 2021.
Which is the largest crypto exchange in the world?
Binance is currently the largest crypto exchange in the world, with an average daily trade volume of 2 billion and about 1.4 million transactions recorded every second.
What is the size of the Bitcoin blockchain as of August 2022?
As of August 2022, the size of the Bitcoin blockchain is 420.59GB, which has rapidly increased from just 1 megabyte worth of data in 2010.
What is the maximum and total amount of Bitcoins that can ever exist?
The maximum and total amount of Bitcoins that can ever exist is 21 million. Once this number is reached, no more new Bitcoins will be issued, and blockchain creation will have to rely on some other incentive.
Who issues blockchain and cryptocurrencies?
Neither blockchain nor cryptocurrencies are issued by a central authority. This is one of the main appeals of using blockchain and cryptocurrencies instead of banks or PayPal.
What is Ethereum’s predicted growth for 2023?
Ethereum is predicted to grow by 400% over the course of 2023, despite suffering a heavy hit in July of the same year.
How many Bitcoin transactions are conducted every day?
As of September 2022, there are 188,912 Bitcoin transactions conducted every day, fluctuating from reaching over 400,000 transactions at its peak during December 2017.
Which countries have the highest number of bitnodes?
Nearly 50% of bitnodes come from just three countries: the US (23.6%), Germany (18.95%), and France (6.82%).
Blockchain Benefits Statistics 2023
Table: Benefits of Blockchain Technology
|Benefits||Percentage of Business Leaders/ Organizations Reporting Benefit|
|Enable touchless business processes||87%|
|Unlock new business functionality and revenue streams||86%|
|Meet financial reporting requirements||83%|
|Potential cost savings on central finance reporting||70%|
|Potential cost savings on compliance||30% to 50%|
|Potential cost savings on centralized operations||50%|
|Potential cost savings on business operations||50%|
|Annual cost savings by investment banks||$12 billion or 38%|
- Organizations using smart contracts will enhance data quality by 50%.
- 17% of organizations say new products and services are one of the top three benefits of utilizing blockchain technology.
- 83% (up from 77% in 2018) of executives in the financial sector say they will lose an opportunity for competitive advantage if they do not adopt blockchain solutions and digital assets.
- 80% of executives say blockchain technology is relevant to their business and see it as a top strategic priority.
- Provenance (potential boost to global GDP by 2030: US$ 962 billion), payments and financial market (US$ 433 billion), and digital identity (US$ 224 billion) are the top uses driving the adoption of blockchain technology.
Q: What benefits does blockchain technology offer to business leaders?
A: Business leaders see blockchain technology as an enabling technology that will further transform their business. More than 80% think that blockchain will enable them to integrate touchless business processes, enhance business functionality, and comply with financial reporting requirements.
Q: How confident are organizations in meeting financial reporting requirements related to blockchain?
A: 83% of organizations said that they are “very or somewhat confident” in meeting financial reporting requirements related to blockchain.
Q: What cost savings have investment banks reported due to blockchain technologies?
A: Investment banks have reported billions in cost savings due to blockchain technologies, including a 70% potential cost savings on central finance reporting, a 30% to 50% potential cost savings on compliance, a 50% potential cost savings on centralized operations, and a 50% potential cost savings on business operations.
Q: How much can investment banks save by using blockchain technologies?
A: By using blockchain technologies, the world’s largest investment banks can save $12 billion or 38% in annual cost savings.
Q: What percentage of senior executives think that blockchain will unlock new business functionality and revenue streams in their industry?
A: 86% of senior executives from around the world think that blockchain will unlock new business functionality and revenue streams in their industry.
- 100% of FSI Pioneers believe that digital assets will be “very important” or “somewhat important” to their business.
- Blockchain-based solutions could bring down the infrastructure costs for 8 of the world’s ten largest investment banks by 30% (translates to about US$ 8 – 12 billion per year).
Curious Blockchain Statistics and Facts
Table: Illegal Activities on the Blockchain
|Illegal Activity||Date||Amount Involved||Source|
|Sale of illegal drugs facilitated through Bitcoin||February 2015||$1 billion||The Guardian|
|Suspected laundering of stolen Bitcoins||March 2015||$40 million|
|Bitcoin/Ethereum Fact||Date||Amount Involved||Source|
|First Bitcoin purchase made for two pizzas||22 May 2010||10,000 BTC ($280 million)||Investopedia|
|Man lost 7,500 bitcoins after losing his private key||November 2013||7,500 BTC ($127 million)||CNBC|
|The Bitcoin network is more powerful than top 500 computers||N/A||N/A||Quartz|
|4,000 Bitcoins donated to Wikileaks||2011-2012||4,000 BTC ($110 million)||Bitcoin.com|
Q: Can blockchain be used for illegal activities?
A: Unfortunately, yes. The bitcoin market facilitated the sale of $1B in illegal drugs in February 2015, and the largest known deep web market for illegal trade, Silk Road, was shut down in 2015 after selling over $1B in illegal drugs and items. Similarly, Sheep Marketplace was involved in shady dealings, and its main person, Tomáš Jiříkovský, was caught trying to launder $40M in stolen Bitcoins two years after the marketplace shut down.
Q: Has Ethereum been targeted by hackers?
A: Yes, Ethereum has been targeted multiple times, with the most successful hack stealing $50M of Ether in 2016. The hacker targeted a blockchain that contained more than $150M worth of the cryptocurrency.
Q: What was the first-ever purchase conducted using Bitcoin?
A: The first-ever purchase conducted using Bitcoin occurred on 22 May 2010 when Laszlo Hanyecz traded 10,000 Bitcoins for two Papa John’s pizzas. The Bitcoins spent on two pizzas would be worth around $280M today.
Q: Has anyone lost their Bitcoins?
A: Yes, James Howells, an IT guy, lost 7,500 Bitcoins because he lost his Bitcoin private key in November 2013. He mistakenly placed the hard drive that stored the coins into the bag meant for the garbage, which traveled to the landfill and remains buried to this day.
Q: How powerful is the Bitcoin network?
A: The Bitcoin network is 100,000 times more powerful than the top 500 computers on the planet combined. The amount of data being processed every second using Bitcoin blockchain is immense.
Q: Has Wikileaks accepted crypto donations?
A: Yes, after donation methods such as VISA, MasterCard, and PayPal stopped supporting donations to Wikileaks, the site decided to start accepting crypto donations. In just two years, they received 4,000 Bitcoins worth more than $110M today.
- Blockchain has the potential to reduce 30% of banks’ infrastructure costs.
Ethereum Specific Statistics
|Total Ethereum in Circulation||120.45 million|
|Daily Transactions on the Ethereum Blockchain||1.043 million|
|Active Ethereum Addresses||413,904|
|Ethereum Market Share in Defi||63.4%|
|Most Popular Address on the Ethereum Blockchain||OpenSea|
|Ethereum and Bitcoin’s Combined Market Share in Crypto||Over 50%|
|Total Decentralized apps (Dapps) on the Ethereum Network||Over 3,000|
|Blockchain Networks||Private, Public, Hybrid, and Consortium blockchains|
Blockchain Statistics: Top-Barriers and Challenges 2023
|High Resource Consumption||Bitcoin transaction uses an amount of power equal to what the average American household uses in a month, and its carbon emissions increase by a factor of roughly 1.78 million.||High energy consumption, carbon footprint, and electronic waste.||Switching to renewable energy, local regulation to reduce mining, and increasing efficiency.|
|Difficult to Scale||Blockchain networks become slower with more nodes, and they have hard limits surrounding scalability.||Slower transactions and limited growth potential.||Adjustments to block size and generation time, but no fix to eliminate scalability limits.|
|Backend not 100% Secure||Hackers can get into the backend of an implementation system, and blockchain needs to work with less secure software.||Increased vulnerability to attacks and loss of transactional integrity.||Improving security protocols and partnerships with more secure software providers.|
|Opportunistic Fraudsters||Cryptocurrencies can collapse due to fraud, such as the Centra coin scam that raised over $25 million.||Loss of investments and damage to the reputation of blockchain technology.||More rigorous vetting and regulation of ICOs and partnerships with reputable financial institutions.|
|Majority Attack||If a group of attackers gains control of 51% or more of a blockchain, they can confirm fraudulent actions as if they were secure transactions.||Potential for massive fraud and loss of trust in blockchain technology.||Implementing more secure consensus models and continuous monitoring of blockchain networks.|
|Inefficiency and Complexity||Small operations face challenges setting up blockchain technology, while larger operations require additional costs such as hiring web developers, managing a team of blockchain specialists, and licensing fees.||Reduced financial benefits and increased barriers to entry.||Providing user-friendly and cost-effective solutions, partnering with more accessible service providers, and offering training and support to facilitate adoption.|
- Cybersecurity (71% of them), regulatory compliance (63%), and financial infrastructure (62%) are the top barriers to the acceptance of blockchain-based digital assets.
- 59% of organizations that invested in blockchain technologies have no confidence that the project would deliver a positive ROI.
- Cryptocurrency miners use over 0.2% of the world’s electricity; the expansion of blockchain technology will likely increase consumption.
BLOCKCHAIN STATISTICS BY BLOCKCHAIN USERS
|Estimated Global Cryptocurrency Users||300 million|
|Percentage of Global Population using Cryptocurrency||3.9%|
|Number of Bitcoin Transactions per day (as of January 2021)||400,000|
|Number of Bitcoin Transactions per day (as of December 2020)||330,000|
|Percentage of Americans who have Invested in Cryptocurrencies||16%|
|Percentage of U.S. Investors who Own Bitcoin (as of 2021)||6%|
|Demographic with Highest Interaction with Cryptocurrencies||Men ages 18 to 29 (43%)|
|Number of Cryptocurrency Users by Continent|
|North America||28 million|
|South America||24 million|
What percentage of the global population uses cryptocurrency?
An estimated 3.9% of the global population uses cryptocurrency, meaning there are over 300 million people who use cryptocurrency and blockchain around the world.
What is the breakdown of cryptocurrency users by continent?
Asia has the most cryptocurrency users with 160 million, followed by Europe with 38 million, Africa with 32 million, North America with 28 million, South America with 24 million, and Oceania with 1 million.
How many Bitcoin transactions take place each day?
As of January 2021, about 400,000 Bitcoin transactions take place each day. This is an increase from December 2020 when there were about 330,000 daily Bitcoin transactions.
What percentage of Americans have invested in, traded, or used cryptocurrencies?
16% of Americans have invested in, traded, or used cryptocurrencies, including Bitcoin, Ether, and others.
Which demographic is most likely to have interacted with cryptocurrency?
Men ages 18 to 29 are the most likely demographic to have invested in, traded, or used cryptocurrencies, with 43% reporting interaction with cryptocurrency.
How many U.S. investors own Bitcoin as of 2021?
As of 2021, 6% of U.S. investors own Bitcoin, up from 2% in 2018. In this instance, an investor refers to a U.S. adult who has at least $10,000 invested in stocks, bonds, or mutual funds.
Blockchain Demographic Statistics
|Gender||Men are twice as likely as women to invest in cryptocurrencies.|
|Annual Salary||36% of blockchain users have an annual salary of $100,000 or more.|
|Investment Gender Gap||The gender gap in cryptocurrencies is wider than the gap in traditional investments currently in place.|
|Investment Type||Share of Males Investing|
|Geographic Location||North America receives the most cryptocurrency value compared to the rest of the world.|
|Region||Total Crypto Value Received|
|Central and Southern Asia||13%|
|Awareness||86% of Americans have heard at least once about blockchain, with 24% having heard a lot about the technology.|
|Education||82% of crypto users hold a bachelor’s degree or higher.|
|Race/Ethnicity||Asian, Black, and Hispanic American adults are more likely to have invested in, traded in, or used a blockchain technology than White American adults.|
|Age||58% of cryptocurrency owners are under the age of 34.|
What is the gender breakdown for investing in cryptocurrencies and blockchain technology?
Men are twice as likely as women to invest in cryptocurrencies. According to a survey conducted by CNBC and Acorn, 16% of men and 7% of women invest in blockchain technology.
What is the average annual salary of blockchain users?
36% of blockchain users have an annual salary of $100,000 or more.
Is there a gender gap in investing in blockchain technology?
Yes, the gender gap in cryptocurrencies is wider than the gap in traditional investments currently in place.
Which regions receive the most cryptocurrency value?
North America receives the most cryptocurrency value compared to the rest of the world, with 35% of the total crypto value received.
What percentage of Americans have heard about blockchain technology?
86 percent of Americans have heard at least once about blockchain, with 24% having heard a lot about the technology.
What percentage of crypto users hold a bachelor’s degree or higher?
82% of crypto users hold a bachelor’s degree or higher.
Are there any differences in blockchain technology adoption among different races?
Asian, Black, and Hispanic American adults are more likely to have invested in, traded in, or used a blockchain technology than White American adults.
What is the age breakdown of cryptocurrency owners?
58% of cryptocurrency owners are under the age of 34.
Blockchain Spending Stats
|Industry||Percentage of Spend in 2020||Expected CAGR|
|State and Local Govt.||–||48.2%|
|– 2019 Spend||$849.5 million||–|
|– 2025 Spend||$14.731 billion||–|
|United States||$4.2 billion||–|
|Western Europe||$2.9 billion||–|
|People’s Republic of China||$1.4 billion||–|
|Asia Pacific and Japan||$0.75 billion||–|
|Middle East and Africa||$0.5 billion||–|
Which industries are spending the most on blockchain technology?
As of 2020, the banking industry had the largest blockchain spend at 29.7%. Other industries that are big spenders on blockchain technology include process manufacturing, discrete manufacturing, professional services, and retail.
Which industries are expected to have the fastest growth in blockchain spending?
According to IDC, the professional services industry is expected to have the fastest growth in blockchain spending, with a CAGR of 54%. This is followed by healthcare and state and local government.
Which region is projected to be the largest spender on blockchain solutions?
The United States is projected to spend $4.2 billion on blockchain solutions in 2022, making it the largest regional spender. Western Europe, the People’s Republic of China, Asia Pacific and Japan, the Middle East and Africa, and other regions follow.
How much is the automotive industry expected to spend on blockchain technology in the future?
The automotive industry is expected to increase its spending on blockchain technology from $849.5 million in 2019 to $14.731 billion by 2025, according to Cision PR Newswire.
Blockchain Adoption Statistics 2023
|Adoption of Blockchain Technology||Percentage or Value||Source|
|Senior executives who believe in mainstream adoption||88%||Deloitte, 2020|
|Senior executives who adopted blockchain technology||39%||Deloitte, 2020|
|Companies with revenue over $100 million who adopted blockchain||41%||Deloitte, 2020|
|Companies with revenue over $1 billion who adopted blockchain||46%||Deloitte, 2020|
|Top strategic priority for adopting blockchain technology in China||70%||Deloitte, 2020|
|Top strategic priority for adopting blockchain technology in Germany||42%||Deloitte, 2020|
|IT leaders searching for blockchain security solutions||36%||IDG, 2019|
|IT leaders not interested in adopting blockchain security solutions||50%||IDG, 2019|
|Planned investment of $5 million or more in blockchain technology in the coming year||40%||Deloitte, 2019|
|Estimated boost to China’s GDP by adopting blockchain technology in 2030||$440.4 billion (1.7%)||PricewaterhouseCoopers, 2020|
|Estimated boost to US GDP by adopting blockchain technology in 2030||$407.2 billion||PricewaterhouseCoopers, 2020|
|Estimated boost to Germany’s GDP by adopting blockchain technology in 2030||$95.3 billion||PricewaterhouseCoopers, 2020|
|Estimated boost to UK’s GDP by adopting blockchain technology in 2030||$72.2 billion||PricewaterhouseCoopers, 2020|
|Worldwide infrastructure using blockchain technology prediction in a decade||10% to 15%||PricewaterhouseCoopers, 2020|
|Jobs that blockchain technology can enhance globally by 2030||40 million||PricewaterhouseCoopers, 2020|
- 4% of the world’s population is already using blockchain; men make 91.5% of all cryptocurrency investments.
- 81 of the top 100 companies globally are actively developing and researching blockchain technology.
- 95% of auto-pioneers, 56% of OEMs, and 26% of suppliers are ready to make moderate to significant investments in blockchain works and technology within the next three years.
Q: What percentage of senior executives believe that blockchain technology will achieve mainstream adoption?
A: According to a survey conducted by Deloitte in 2020, 88% of senior executives believe that blockchain technology will eventually achieve mainstream adoption.
Q: How many senior executives have adopted blockchain technologies in their organizations?
A: 39% of senior executives from around the world have adopted blockchain technologies in their organizations, according to a survey conducted by Deloitte in 2020.
Q: What are the top use cases for blockchain technology?
A: The top use cases for blockchain technology for organizations worldwide are digital currency (33%), data access and sharing (32%), and data reconciliation (31%), according to a survey conducted by Deloitte in 2020.
Q: How much do organizations plan to invest in blockchain in the coming year?
A: 40% of organizations said that they planned to invest $5 million or more in blockchain in the coming year, according to a survey conducted by Deloitte in 2019.
Q: Which country is expected to benefit the most from adopting blockchain technologies?
A: China is expected to benefit the most from adopting blockchain technologies, estimated to reap $440.4 billion or a boost of 1.7% on their GDP in 2030, according to PricewaterhouseCoopers in 2020.
Q: How can blockchain enhance jobs around the world?
A: According to PricewaterhouseCoopers in 2020, blockchain can enhance 40 million jobs around the world by 2030.
Q: What percentage of IT leaders are actively searching for blockchain security solutions?
A: A study conducted by IDG in 2019 revealed that 36% of IT leaders are actively searching for blockchain security solutions.
Q: What percentage of IT leaders are not interested in adopting blockchain security solutions?
A: A study conducted by IDG in 2019 revealed that 50% of IT leaders were not interested in adopting blockchain security solutions.
Q: In which country is adoption of blockchain a top strategic priority?
A: Adoption of blockchain as a top strategic priority is strongest in China, where 70% agreed that blockchain is in their top five list of priorities, according to a survey conducted by Deloitte in 2020.
|IoT and Blockchain||– Global Blockchain IoT market expected to generate revenue worth 5,802.7 Million USD and increase at an astonishing 91.5 percent CAGR between 2019-2026 (Source)|
|Social Media Platforms||– Blockchain-based decentralized social media (DeSo) is slowly coming up, where users have more ownership of the content they create.|
|– Blockchain enables the platforms to authenticate identities and verify accounts, making the content more credible.|
|Blockchain As A Service||– Global blockchain-as-a-service (BaaS) market size in 2019 was 1.90 billion USD.|
|(BaaS)||– By the end of 2027, it will reach 24.94 billion USD, with a CAGR of 39.5 percent (Source)|
|– BaaS acts as a cloud service where you can create blockchain-based products like apps, smart contracts, etc.|
|Central Bank Digital||– 87 countries have started showing interest in Central Bank Digital Currencies (CBDC) (Source)|
|Currencies (CBDC)||– Banks will create their own digital coins similar to fiat money.|
|– Benefits include cost-effectiveness of virtual money compared to cash, lower transaction fees by CBDCs, and a sense of financial inclusion promoted by digital currencies.|
|NFT Boom||– Non-fungible tokens (NFTs) are gaining momentum.|
|– NFTs have evolved into a means for people to generate vast amounts of money at digital auctions by offering their digital works in exchange.|
|– This new trend is picking up in the gaming and fashion industries too.|
Q: What are the key blockchain trends in 2023?
A: The global blockchain IoT market is expected to generate a revenue worth 5,802.7 Million USD and increase at an astonishing 91.5 percent CAGR between 2019-2026. Blockchain-based decentralized social media (DeSo) is slowly coming up, where users have more ownership of the content they create.
Blockchain-as-a-service (BaaS) acts as a cloud service where you can create blockchain-based products like apps, smart contracts, etc.
The adoption of BaaS is increasing, and it is expected to reach 24.94 billion USD by the end of 2027, with a CAGR of 39.5 percent. Central Bank Digital Currencies (CBDC) are transforming the traditional financial system, and 87 countries have started showing interest in them.
NFTs or Non-fungible tokens are gaining momentum, evolving into a means for people to generate vast amounts of money at digital auctions by offering their digital works in exchange.
Q: How does blockchain technology merge with IoT?
A: Blockchain technology is excellent at passing data with the highest level of security, making it an ideal fit for IoT. Blockchain enables the connection of multiple devices and the transfer of information between various platforms in a hassle-free manner.
The global blockchain IoT market is expected to generate a revenue worth 5,802.7 Million USD and increase at an astonishing 91.5 percent CAGR between 2019 – 2026.
Q: What is blockchain-based decentralized social media (DeSo)?
A: Blockchain-based decentralized social media (DeSo) is an alternative to traditional social media platforms that sell user data to advertisers and are mired in controversies for their approach toward user content.
Blockchain enables the authentication of identities and verification of accounts, making the content more credible.
Q: What is blockchain-as-a-service (BaaS)?
A: Blockchain-as-a-service (BaaS) acts as a cloud service where you can create blockchain-based products like apps, smart contracts, etc.
The adoption of BaaS is increasing, and it is expected to reach 24.94 billion USD by the end of 2027, with a CAGR of 39.5 percent.
Q: What are Central Bank Digital Currencies (CBDC)?
A: Central Bank Digital Currencies (CBDC) are digital coins created by central banks of multiple countries. 87 countries have started showing interest in the CBDC due to the cost-effectiveness of virtual money compared to cash, lower transaction fees by CBDCs, and a sense of financial inclusion promoted by digital currencies.
Q: What are Non-fungible tokens (NFTs)?
A: Non-fungible tokens (NFTs) are gaining momentum as they evolve into a means for people to generate vast amounts of money at digital auctions by offering their digital works in exchange. This new trend is picking up in the gaming and fashion industries too.
Blockchain Statistics: The Digital Currency, Crypto Market, Transaction Volume, and The Bitcoin Network 2023
|Blockchain ranked 3rd in disruptive technology in 2020||Behind machine learning and AI|
|Healthcare blockchain implementation costs in 2025||Estimated to be up to $5.6 billion|
|Over 50% of C-suite officers consider blockchain critical to their infrastructure||Due to cost reduction, increased efficiency, and security|
|9 out of 10 blockchain platforms need replacing in 2021||As enterprise solutions become outdated or bloated with data|
|2 out of 5 healthcare executives prioritize blockchain technology||To improve efficiency in large healthcare settings|
|Blockchain adopted by non-crypto industries||Due to its security, flexible modeling, and value chain|
|Best countries for crypto and blockchain startups||Switzerland, Gibraltar, Malta, Bermuda, and Slovenia|
|Over 80% of the world’s central banks consider creating their own cryptocurrency||Including the US and China|
|Coincheck blockchain hack in 2018||Resulted in the theft of $500 million in cryptocurrency|
|Microsoft and Accenture Pic create digital IDs with blockchain tech||To provide documentation to individuals without it|
|Over $270 billion in transactions conducted using secure blockchain tech||Decentralized transactions are the primary reason for blockchain|
|1 in 200 people currently use blockchain||Expected to increase to 1 in 3 people in a few years|
|Ripple created XRP with blockchain tech||A cryptocurrency now worth billions, held by the company|
|IBM creates blockchain app for patients to sell data to pharmaceutical companies||Anonymous data reporting provides pharmaceutical companies with vital information|
|The US expected to spend over $2.5 billion on blockchain tech||Already spending more than any other country on the technology|
|Business value of blockchain expected to reach $3.1 trillion in 2030||Up from $6 in 2021|
|Banks could save $8 to $12 billion annually with blockchain||By cutting data storage and transfer costs|
|Blockchain has the potential to reduce 30% of infrastructure costs for banks||Saving millions of dollars and reducing energy costs|
|7 out of 10 business leaders say blockchain enhances performance in their industry||Efficiency and industry setup would not function as well without the tech|
|Over 90% of governments plan to invest in blockchain tech||With numbers expected to increase|
|Over 50% of organizations using blockchain focus on permissioned models||Which limit data viewing to certain individuals|
|3 out of 4 manufacturing and consumer products companies experiment with blockchain||To get in on the ground floor of the growing industry|
|Over 50% of blockchain usage improves supply chains and logistics||Logistics is the top reason companies invest in the technology|
|More than a third of Europeans believe blockchain will affect payment systems by 2025||Changing the way they shop|
|7 out of 10 corporate executives say blockchain can help get a competitive edge in the Asian-Pacific region||Due to the region’s advanced and streamlined companies|
|Coinbase received over $250 million in venture capital from 2014 to 2017||Funding a trading platform worth billions|
|South Korean blockchain market projected to reach over $350 billion in 2022||Consistently evolving ahead of European and American companies|
- Bitcoin (BTC) price reached an all-time high in 2021; a single bitcoin had a value of more than US$ 60,000 in 2021.
Blockchain technology predates Bitcoin by some 20 years. However, the blockchain implementation within bitcoin popularized the technology and led to massive adoption of blockchain across industries.
Today, bitcoin — market cap of around US$ 10 billion Δ — remains the most popular digital currency (referred to as cryptocurrency because of cryptographic encryption to verify transactions).
Bitcoin (40% Δ) and Ethereum (20% Δ) together make up half of the cryptocurrency market. (There are 18,465 cryptocurrencies in existence). The US SEC has regulated these coins, citing them as securities.
Together, the crypto market capitalization is US$ 2.21 trillion (Δ), reaching an all-time high of US$ 3.3 trillion in 2021.
Statista’s bitcoin stats highlights that the average daily trading volume is about US$ 120 billion (Δ — fluctuates drastically). Also important to note that there are about 75 million blockchain wallet users.
Moreover, Yahoo’s bitcoin statistics state that there are about 34,000 cryptocurrency ATMs globally, allowing blockchain wallet users to make cryptocurrency transactions.
Still, it can only make five transactions per second, which is way less than VisaNet’s transaction rate — it can handle 1700 transactions per second.
- El Salvador made bitcoin a legal tender last year, further promoting the acceptance of bitcoin and other cryptocurrencies by ecommerce retailers.
One of the major problems with ecommerce sales is the cross-border settlements involving third parties and high transaction fees.
The good news is that 30% of US small businesses are handling cryptocurrency transactions. (Only 6% of the US general population has a blockchain wallet).
Microsoft (2014), Tesla (2021), and PayPal (2014) are the leading American companies that accept bitcoin transactions. Some 18,000 businesses around the world accept cryptocurrencies. Some companies like Amazon are planning to launch their cryptocurrency.
Moreover, individual sellers on Etsy and eBay also accept bitcoin payments. Even reliable ecommerce platforms like Shopify allow their merchants to accept bitcoin payments. Needless to say, the businesses will benefit from faster transactions, low transaction fees (from the usual 4% to 1%), and increased sales.
Furthermore, given the fact that nearly 4% of the world’s consumers hold cryptocurrency, small businesses need to accept cryptocurrency (make proper inquiry beforehand).
Blockchain Technology and Cryptocurrency As the New Frontier
Blockchain technology has relevant applications across all industries, from the banking sector benefiting from cutting operating costs and regulatory fines to the healthcare and pharmaceutical companies preventing counterfeit drugs. The auto industry is using it to improve supply chain management for businesses developing new use cases — this is just the beginning of the blockchain future.
A few years back, the global blockchain technology market was heavily occupied by the fintech segment; however, today, almost all sectors (like agriculture, manufacturing, and banks) of the economy have a blockchain use case.
Not to mention, blockchain technology has become a critical aspect of the ecommerce segment. From facilitating payments to improving customer engagement by integrating with the ecommerce CRM software and making them more user-friendly — blockchain technology is the next big thing for ecommerce.
Yes, the adoption is still low because of a lack of trust and regulatory compliance. Regardless, companies are still making investments in blockchain technology, although most are not considering it a strategic investment. However, given that countries have declared blockchain-based cryptocurrencies a legal tender, it is safe to assume that blockchain is far from plateauing.