Blockchain to generate more than $10.6B in revenue by 2023
Driven mainly by financial technology (fintech) investments, blockchain has seen a fast uptick in adoption for application development and pilot tests in a number of industries and will generate more than $10.6 billion in revenue by 2023, according to a new report from ABI Research in New York.
That revenue figure is expected to come mainly from software sales and services.
Driving much of the interest in blockchain are multinational corporations rolling out proofs-of-concept and pilot programs, moves that have bolstered the credibility of and investment in the distributed ledger technology, according to ABI Research director Michela Menting, the report’s lead author.