DUBLIN–(BUSINESS WIRE)–The “Blockchain Market by Type, Platform, Organization, End User, and Geography – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global blockchain market is projected to reach $403.36 billion by 2030, at a CAGR of 67.7% from 2023 to 2030.
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. It stores data in blocks known as chains in the network connected through peer-to-peer nodes. Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering.
Further, it helps reduce compliance costs and speeds up data transfer processing. One of the most well-known applications of blockchain technology is Bitcoin, a decentralized digital currency that operates on a blockchain network. However, blockchain technology has many other potential use
