The global spending on Blockchain technology will grow over the next four years. According to analysts’ estimates, at Blockchain, spending on the Blockchain will reach $ 11.7 billion in 2022. According to a new study by International Data Corporation (IDC), between 2018-2022 the average annual rate cost of Blockchain solutions will be strong and will be 73.2%. The Worldwide Semiannual Blockchain Spending Guide also shows that this year’s spending on Blockchain will reach $ 1.5 billion, twice as much as in 2017. “Globally and in almost all regions of the planet, there is a diffused enthusiasm for business technology and companies continue to explore the possible business application of this promising technology, “IDC states.
The company’s analysts, however, explain that, despite regulatory concerns and industry standards still hampering the generalized adoption of new technology, governments around the world are working with businesses to shape policies for the blockchain. “Therefore, cross-border cooperation and interoperability are an integral part of the development of Blockchain technology,” IDC experts said.