Blockchain Predicated to Rise 800-Fold by 2030

IHS Markit (Nasdaq: INFO) predicts the global value of blockchain to reach $2 trillion by 2030, up from $2.5 billion in 2017.

“Early adopters of blockchain have mostly been companies in the financial services industry, which use it mainly in payments-related solutions,” said Don Tait, senior blockchain analyst, IHS Markit. “However, the technology is poised to ripple through virtually every industry, affecting almost all organizations in the coming years.”

The technology is seen as having significant potential in the following verticals:

1. Financial

2. Supply chain and logistics

3. Identity management

4. Retail and e-commerce

5. Healthcare

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