Global GDP might rise by $1.76 trillion over the next decade as a result of blockchain technology, according to an analysis. Based on current technological use, Blockchain has the potential to have a significant impact on the global economy.
To evaluate the economic value that Blockchain may provide, we looked at the top five uses of the technology, which range from healthcare and public sector services to industrial production, financial services, logistical distribution, and retail.
There has long been a connection between blockchain technology and cryptocurrencies like Bitcoin, but there is much more to it. Notably in how public and private companies protect, exchange and utilise data.
Many disruptive developments have advanced as firms deal with the effects of the COVID-19 pandemic.
The analysis demonstrates that Blockchain can enable enterprises to rebuild and reconfigure their operations based on advances in trust, transparency and efficiency across organisations and…