$ 3 billion will be invested in blockchain solutions this year

10.04.2019 / 17:15

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Global investments for blockchain solutions will reach $ 2.9 billion in the current year, according to a study by International Data Corporation (IDC). The report, titled "Worldwide Semiannual Blockchain Spending Guide", analyzes the block market.

According to him, the cost will reach close to $ 2.9 billion for the year, which is about 88.7% more than the spending last year.

The main reason for this leap comes from the financial sector, which has an investment volume of over $ 1.1 billion. Then come the manufacturing sector followed by the resource.

The breakdown at the regional level found that the US would be the leaders in spending this year by investing a total of $ 1.1 billion, followed by Western Europe and China.

"All nine regions included in the spending guide will record a phenomenal increase in spending over the projected period 2018-2022, driven by Japan and Canada with five-year CAGR of 110% and 90% respectively."

Photo: pixabay.com

Trader Aleksandar Kumanov

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$ 3 billion will be invested in blockchain solutions this year

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