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Other - JUNE 22, 2020

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Blockchain implementation booming, market to reach $40 billion by 2025

by Mike Consol

Blockchain has evolved from an experimental, disruptive technology to a strategic priority for organizations, according to a new global Deloitte survey that found nearly 40 percent of its respondents indicated strengthening commitment toward more investment and acquisition of strategic talent to pursue blockchain initiatives.

Leaders are increasingly investing in blockchain and digital assets as a top five strategic priority, with 66 percent forecasting investments of $1 million or more in the next 12 months. The Deloitte 2020 Global Blockchain Survey, now in its third year, surveyed 1,500 senior executives in 14 countries and territories.

Statista, a data research organization, forecasts nearly $40 billion will be invested in blockchain technologies in 2025, compared with $1.2 billion during 2018, $2.2 billion during 2019 and a projected $3 billion this year. Spending on blockchain escalates dramatically starting next year, with forecasted expenditur

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