Blockchain is perhaps best known as the technology behind cryptocurrencies like or . Yet, as recent research indicates, it is also gaining attention for its much broader uses. And this is attracting investor interest.
According to researchers Karl Wust of ETH Zurich, Switzerland, and Arthur Gervais of Imperial College London:
“Blockchain as a technology has gained much attention beyond the purpose of financial transactions – distributed cloud storage, smart property, Internet of Things, supply-chain management, health care, ownership and royalty distribution, and decentralized autonomous organizations.”
Analysts concur that opportunities are emerging in many sectors as a result of disruptive blockchain technology.
MarketsandMarkets Research points out:
“The global blockchain market size is expected to grow from US$3.0 billion in 2020 to US$39.7 billion by 2025, at an impressive compound annual Growth rate (CAGR) of 67.3% during 2020–2025.”
Therefore, businesses that might provide access to financial technology, decentralized finance applications, and blockchain, have been…
