The use of blockchain was already growing at a nice clip thanks to a growing list of usecases spanning almost every industry. Industry research consultant MarketsandMarkets projects that the size of the blockchain market will grow at a 67.3% CAGR over the next five years from $3 billion to $39.7 billion in 2025.
They predict that the primary sources of blockchain industry growth be driven by:
- venture funding,
- enterprise investment in blockchain technology,
- the rise of blockchain solutions for supply chain management.
Further geographic expansion into emerging markets and the continued growth of