Blockchain Adoption by Enterprises: The Next Big Thing

Blockchain Technology has garnered significant attention in recent years due to its potential to revolutionize various industries. While its initial applications were primarily associated with cryptocurrencies, enterprises are now exploring the transformative power of blockchain beyond the financial realm. Blockchain adoption by enterprises is growing rapidly. In 2023, the global blockchain market is valued at $12.4 billion and is expected to grow to $83.6 billion by 2028. The top five industries that are currently adopting blockchain technology are financial services, supply chain management, healthcare, real estate, and manufacturing. Some of the leading companies that are using blockchain technology include Walmart, IBM, Maersk, Amazon, and Microsoft. Read More…