The experts: In the next 5 years the market of blockchain-based solutions will grow almost 17 times

June 20

​​​​​​​But the analysts see many scenarios in which it will not happen.

According to the calculations of the Reportbuyer experts, in the next 5 years the world market of financial and technical solutions based on blockchain will grow from the current $370.3 million to $6.23 billion. The average annual growth rate will be about 76%. The analysts stress that their forecast is relevant for the situation in which the number of ICO will increase and the capitalization of the cryptocurrency market will continue its growth.

According to the experts, the use of the technology of distributed registries will improve the quality of interaction between world financial institutions, automate the process of payments and reduce the role of intermediaries. At the same time, banks and other organizations will be able to significantly reduce their costs.

Despite the obvious advantages of such transformation, the analysts do not exclude that the widespread introduction of blockchain will be prevented by the contradictions of the laws of different countries. In addition, the accuracy of the forecast is reduced due to the small number of real examples.

The experts are sure that the financial and technical industry will most actively develop in the Asia-Pacific region where today we can note a serious interest in blockchain. In the future the growth rate of this market will only increase.

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