Blockchain and Cryptocurrency: Moving Into Mainstream — Fast

?Blockchain and cryptocurrency are surging technologies that are making statements. Here are a few important statistics from 2023:

• From 2022 to 2030, the worldwide blockchain technology industry is predicted to grow at an?85.9%?CAGR
• By 2026, the worldwide blockchain market will be worth?$67.4 billion
• The global spending on blockchain solutions will reach?$19 billion by 2024
• 16% of Americans?have invested in cryptocurrency
• Using blockchain, financial institutions can save up to?$12 billion?every year
• Blockchain technology in the healthcare sector globally is predicted to reach $231.0 million by 2023, with a 63% growth rate over the next six years
• Moving securities to blockchains might save?$17 billion to $24 billion?in global trading processing fees annually

Blockchain is the technology that enables the existence of cryptocurrency?(among other things).

A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and its protocol to verify the transfer of funds and control the creation of monetary units.

But it’s important to understand that blockchain also has potential applications far beyond bitcoin and cryptocurrency.

From a business perspective, it’s helpful to think of blockchain technology as a type of next-generation business process improvement software. Collaborative technology, such as blockchain, promises the ability to improve the business processes that occur between companies, radically lowering the “cost of trust.” Consequently, it may offer significantly higher returns for each investment dollar spent than most traditional internal investments.

The anticipated future uses of blockchain are considerable and include blockchain in cloud storage, blockchain in IoT and networking, blockchain in digital advertising and blockchain in supply chain management.

Financial institutions are exploring how they could also use blockchain technology to upend everything from clearing and settlement to insurance.

Want to learn more? Tonex offers Blockchain and Cryptocurrency Masterclass Training , a 2-day course where participants will delve deeply into blockchain and cryptocurrency technologies, two of the most important technological modalities driving global economics today and likely in the future.

For more information, questions, comments, contact us.