Blockchain Technology Market is anticipated to Witness High Growth Owing to Growing Demand for Digitizing Financial Transactions
Blockchain technology allows digital information to be distributed but not copied. It was originally developed to track transactions made in bitcoin and other cryptocurrencies to prevent people from spending the same bitcoin twice. Through its ability to decentralize record keeping, blockchain technology is evolving financial services by digitizing and speeding up processing and validating transactions. Blockchain creates a new way to record transactions securely without requiring third-party verification.
The Global Blockchain Technology Market is estimated to be valued at US$ 3.76 Bn in 2024 and is expected to exhibit a CAGR of 54.7% over the forecast period 2023-2030.
