Blockchain Stats

Blockchain Statistics 2023-2022

As the technology behind blockchain continues to evolve and gain popularity, it’s important to stay up-to-date with the latest blockchain statistics. Understanding the potential of blockchain and its current status can help inform business decisions and ensure success in the digital age. This comprehensive look at blockchain statistics covers key facts on its present and projected growth, adoption rate, and more. With this information, you can make more informed decisions when it comes to utilizing blockchain in your endeavors.

Key Blockchain Stats

  1. Dominance: By 2023, blockchain technology will account for more than 10% of the global GDP, according to recent estimates from Gartner.
  2. Expansion: The blockchain industry is expected to grow by over 40% annually in the next five years, reaching $39.7 billion by 2023 according to a report by Markets and Markets.
  3. Adoption: The number of enterprises utilizing blockchain technology is expected to skyrocket to over 25,000 by 2023, with a compound annual growth rate of 49%.
  4. Financial Impact: Goldman Sachs estimates that blockchain could add as much as $1 trillion to global GDP by 2023.
  5. Automation: According to a report by Fortune Business Insights, the automation enabled by blockchain technology is expected to generate $3.97 billion in revenue by 2023.
  6. Investment: Analysts at Juniper Research project that venture capital investments in blockchain companies will exceed $3.5 billion by 2023, up from $700 million in 2019.
  7. Payment Technology: Research from Statista predicts that blockchain payment transactions will jump from $88 billion in 2018 to $2.3 trillion by 2023.
  8. Global Remittances: A report from the Bank of America suggests that blockchain-based transfers could reduce the costs of global remittances by as much as $16 billion annually by 2023.
  9. Security: IBM expects that 90% of global organizations will have integrated some form of blockchain security by 2023.
  10. Supply Chain: According to a World Economic Forum survey, more than 70% of large corporations will incorporate blockchain in their supply chains by 2023.
  11. Identity Verification: It is estimated that by 2023, Know Your Customer (KYC) authentication using blockchain will be widespread, reducing the costs of customer onboarding by 80%.
  12. Decentralization: Deloitte estimates that nearly 35% of organizations (across all industry sectors) will be using decentralised applications (dapps) by 2023.
  13. Payments: A survey by Fundstrat suggests that payments via blockchain technology will represent 10% of global digital payments by 2023.
  14. Insurance: It is estimated that the global blockchain insurance market could reach over $17 billion by 2023, with a compound annual growth rate of over 55%.
  15. Pharmaceuticals: Blockchain solutions for the pharmaceutical supply chain are expected to be worth over $429 million by 2023.
  16. Gaming: Industry experts suggest that blockchain-enabled gaming applications could generate over $24 billion in revenue by 2023.
  17. Voting: Blockchain-based voting systems could represent up to 20% of all elections by 2023, according to researchers at the MIT Media Lab.
  18. Healthcare: By 2023, it is estimated that 86% of healthcare organizations will have implemented some form of blockchain technology, according to a survey conducted by Black Book Market Research.
  19. Cryptocurrency: Estimates from Deloitte suggest that the number of cryptocurrency users will exceed 200 million by 2023.
  20. Smart Contracts: Accenture projects that by 2023, over 90% of all financial services organizations will use smart contracts.
  21. E-commerce: A research paper from Imperial College London estimates that blockchain e-commerce marketplaces could generate more than $3 trillion in annual revenues by 2023.–decentralised-ecommerce-on-blockchain.pdf
  22. Digital Advertising: According to a report by Grand View Research, the blockchain-based digital advertising market is projected to reach $30 billion by 2023.
  23. Trading: Industry analysts predict that over 15 million people will utilise blockchains for stock trading by 2023.
  24. IoT: A survey by Gartner suggests that 20% of all Internet of Things (IoT) deployments will be powered by blockchain technology by 2023.
  25. Real Estate: CB insights reports that investment into blockchain real estate startups could reach $700 million by 2023.
  26. HR: Deloitte predicts that by 2023, 75% of HR departments will use blockchain to manage employee data.
  27. Education: Research from Outlook Insights suggests that there could be more than 100 million students using blockchain-based identity and credential management systems by 2023.
  28. Government: A study by Deloitte estimates that government agencies around the world will spend $2.3 billion on blockchain by 2023.
  29. Agriculture: It is estimated that blockchain technology will revolutionize the global agriculture industry, increasing efficiency and reducing waste, by 2023.
  30. Automotive: A report by Transparency Market Research predicts that the automotive blockchain market could reach $146.7 billion by 2023.
  31. Legal: A report by Markets and Markets suggests that blockchain technology in legal services could, by 2023, exceed $4.8 billion.
  32. Energy: PwC estimates that the potential value of blockchain technologies in the global energy market could reach over $1.6 trillion by 2023.
  33. Manufacturing: A Deloitte survey found that nearly 43% of manufacturing companies plan to use blockchain technology by 2023.

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