Global Blockchain Technology Market to Reach $2.31 Billion by 2021
RALEIGH, North Carolina, Sept. 19, 2019 /PRNewswire/ -- The global blockchain technology market is expected to grow at a CAGR of 61.54 percent until 2021, according to Beroe Inc, a procurement intelligence firm. The blockchain technology market is driven by its applications in cryptocurrency, distributed cloud storage distributed asset ledger, decentralized notary, smart contracts, and decentralized exchanges.
Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE:
Specifically, in the healthcare (HC) industry, the impact of blockchain technology is considerable, with a 57 percent ability to transform the industry, 48 percent ability to eliminate non-value generating processes, 45 percent ability to heighten data security & integrity and 25-30 percent cost saving potential in sales & marketing. The research methodology adopted for the report included:
Using a proven database and adding a blockchain layer with a distributed database model, user validation, and smart contracts on top of it will help in added control, asset tracking, providing an additional level of security and change in how organizations manage and record data.
