Investment Highlights

IoT devices are expected to reach $50B by 2020. (Source: The Motley Fool)

Common household devices, vehicles, and other devices we use on a daily basis can be connected through the Internet of Things (IoT) in order to make our lives easier. Of course, the connection will utilize blockchain technology.

With numerous companies like IBM investing in IoT, the industry behind these devices is expected to be worth more than 50 billion dollars by 2020.

Blockchain technology has managed and distributed more than $270B in transactions. (Source: Nividous)

One of the blockchain statistics shows that over 270 billion dollars worth of cryptocurrencies has been managed and distributed using this method. Since 2010, blockchain has been ahead of Western Union when it comes to the amount of money transferred each year. Western Union handles around 5.5 billion dollars in money transfers.

US spending on blockchain solutions is projected to reach $4.2B by 2020, making it the largest regional spender on blockchain solutions. (Source: Statista)

The US has been the biggest spender when it comes to blockchain ever since the technology became mainstream. The country is projected to reach 4.2 billion dollars in blockchain spending by the year 2020.

Blockchain’s business value add will grow to slightly over $360B by 2026 and $3.1T by 2030. (Source: ITWeb)

With every major industry investing in blockchain technologies, current estimates show that the business value add of blockchain will be worth more than 360 billion dollars, in just 8 years from now. By the year 2030, the business value is projected to go over the 3 trillion dollar mark, setting blockchain to be one of the most lucrative industries.

$8B-12B is the annual savings potential for banks using blockchain technology. (Source: Sipotra)

In addition to bringing an immense increase in the security of transactions, blockchain technology can also save billions of dollars to industries by cutting the costs of data transfer and storage.

The financial sector could have an astonishingly high blockchain ROI and save up to 12 billion dollars every year by switching their transfer and storage needs to blockchain.

90% of government organizations plan to invest in blockchain technology. (Source: BTCManager)

Blockchain stats show us that the private sector isn’t the only one that sees the potential in blockchain. 90% of government agencies and organizations also plan on investing in blockchain, and they plan to do so this year.

Apart from reducing the time and risk of enforcing regulatory compliance, blockchain-based technologies can help government organizations increase their transparency and establish clear audit trails.

Blockchain market value in South Korea started from around $20.1B in 2016 and will reach approximately $356.2B by 2022. (Source: Statista)

Its growth was always projected as colossal, but no one could have foreseen that the market would grow by over 150 billion dollars in just two years, in South Korea alone. Even more surprisingly, this market is predicted to more than double its current value in just four years, reaching 356.2 billion dollars.

The global blockchain market will grow to over $60B by 2024. (Source: Forbes)

Blockchain is a technology that is still considered to be in its infant stage. Numerous companies shifting their payment needs from standard cash options to cryptocurrencies, accompanied by multiple industries moving their transaction needs to blockchain, are both factors in the estimation that its global market is going to skyrocket in 2024. The blockchain market size will be impressive, to say the least.

44% of gamers had either purchased or traded game items on the blockchain in the past year. (Source: Statista)

Gamers are known as a group who is most willing to accept new internet trends. It should come as no surprise that 44% of them purchased or traded game related items on the blockchain during 2018. The most commonly used method of purchase is by Bitcoin, followed by Ethereum and XRP.

55% of healthcare applications will have adopted blockchain for commercial deployment by 2025. (Source: Statista)

There were not many instances of blockchain use in the healthcare industry back in 2015. The number of blockchain healthcare applications was insignificant and you could count the number of users on the fingers of one hand.

However, as the stories of the blockchain’s efficiency and security started spreading, more and more users from the healthcare branch started experimenting. It is estimated that 55% of the healthcare industry’s administrative needs will be conducted using blockchain tech by 2025.

The financial sector has spent a total of $552M on blockchain in 2018. (Source: Tradingpeek)

The banking industry, and the financial sector in general have spent more than 550 million dollars on blockchain in 2018. It is projected that the spending will keep increasing by 75% every year for the foreseeable future, with the potential of jumping even more in 2022.

The manufacturing and resources sector has allocated $334M for blockchain technology in 2018. (Source: Tradingpeek)

Another sector that is spending hundreds of millions on blockchain is the manufacturing and resources sector. With more than 330 million dollars spent on blockchain-based technologies in 2018, the sector is looking to improve its business and revenue by employing the new trends in blockchain technology in various ways; from manufacturing automation to data storage.

$2.1B is global spending on blockchain solutions in 2018. (Source: The New York Times)

Storing their information and info about money transfers in the safest way possible is what every company dealing with these types of data is willing to pay millions for. Blockchain offers that safety and much more, leading to companies worldwide spending over 2 billion dollars in 2018 on blockchain solutions.

Globally present banks, for comparison, earn much more than that, but their transfers are unsafe and open to interruptions and manipulations. This is the reason why blockchain is inevitably going to catch up with their revenue, in just a few years.

IBM invested $200M in blockchain-powered IoT in 2016. (Source: Coindesk)

IBM’s internet of things, or IoT, was the reason this company decided to invest 200 million dollars into blockchain. Anticipating a huge blockchain ROI, this company was one of the first major supporters of the technology and has so far implemented multiple blockchain-based practices into its own business. Starting with the dispute resolution system, then moving to security frameworks, and finally investing this insane amount of money into IoT and blockchain-based Artificial intelligence.

The money invested is meant to support IBM’s efforts to improve supply chain tracking using blockchain and IoT.

77% of financial sector incumbents will adopt blockchain as part of their systems or processes by 2020. (Source: Fintech Finance)

One of the biggest reasons behind the massive numbers included in the predictions about blockchain’s future is the fact that the vast majority of firms in the financial sector are planning on incorporating it into their business in the next two years.

Blockchain adoption statistics show that 77% of financial sector constituents will adopt the technology by 2020.

77% of financial sector incumbents will adopt blockchain as part of their systems or processes by 2020. (Source: Fintech Finance)

One of the biggest reasons behind the massive numbers included in the predictions about blockchain’s future is the fact that the vast majority of firms in the financial sector are planning on incorporating it into their business in the next two years.

Blockchain adoption statistics show that 77% of financial sector constituents will adopt the technology by 2020.