NEW YORK, Sept. 13, 2022 /PRNewswire/ -- As per Zion Market Research study, The Global Blockchain Technology Market size was worth around USD 3.3 billion in 2021 and is predicted to grow to around USD 60 billion by 2028 with a compound annual growth rate (CAGR) of roughly 44.5% between 2022 and 2028.
Blockchain Technology Market: Overview
Blockchain is defined as a digital shared ledger that aids in recording transactions related to valuable assets of a business while also allowing the facility to track them. Assets, in this case, could be tangible for instance a car, a house, land, or cash or they could also be used for intangible assets like patents, intellectual property, branding, and copyright. As per the definition by International Business Machines (IBM), almost everything can be traded or tracked using a blockchain network resulting in reduced cost or risk for all the involved parties.
Blockchain in today's digitalized world is important because of the rampant growth in...
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