Blockchain adoption statistics. 57 billion in 2023 & is projected to grow from $27.
Blockchain adoption statistics 2023 Blockchain technologies have received considerable attention from academia and industry due to their distinctive characteristics, such as data integrity, security, decentralization, and reliability. We already told you that the blockchain market will have a projected value of $94 billion by 2027. This study investigates the impact of blockchain technology adoption on corporate investment efficiency. However, little research is available on the actual effect of trust, which is a key core attraction for the blockchain technology. 69. These projects tackle issues in different industries like banking, healthcare, food safety, shipping, etc. Despite the bright side of blockchain, several concerns continue to undermine its The paper identifies an important benefit of blockchain adoption—by opening a window of transparency into a firm’s supply chain, blockchain technology furnishes the ability to secure favorable financing terms at lower signaling costs. Figure A1 in the appendix shows the answers of each subquestion. CBDC adoption isn’t slowing down The momentum behind CBDC adoption remained strong in Figure 2 shows the percentage of projects that use different blockchains based on their founding years. Data source: Newzoo & Crypto. It was actually invented in 2008 by an unknown person or group of people using the Our prediction for 2024 is that it will be the year of widespread institutional adoption of this transformative technology. Improved access to transactions and financial products are other major drivers of the This statistic presents the reasons for resistance of banks to blockchain adoption globally as of September 2016. The Enterprise Blockchain Market size was valued at USD 9. The term ‘Blockchain Technology’ was first used in 2008 to refer to Nakamoto’s ‘chain of the block’, a ledger (Gomathi et al. Adoption is therefore increasing by the day due to Table 1 shows descriptive statistics for the sample companies from the United States and China. dollars by 2032, but this was lower than in a previous forecast. Increasing Adoption of Blockchain-as-a-Service to Generate New Opportunities for Key Players in the Market. 3. ; From Adobe However, it remains to be seen whether fashion brands will adopt this technology on a widespread basis and reach out to blockchain development companies. The adoption rate of Fintech services is increasing daily because Fintech services are faster, more secure, and more affordable than traditional services. Industry Penetration : Financial services, supply chain, Let‘s explore key statistics highlighting the growth, adoption, and impact of blockchain technology. By recording every environmental action within a decentralized blockchain, organizations can achieve higher levels of transparency and ensure the integrity of their data [ 52 ]. ; Middle East and Africa (MEA) markets are projected to grow at a An Analysis of Blockchain Adoption in Supply Chains Between 2010 and 2020 Nikhil Vadgama1, Paolo Tasca Centre for Blockchain Technologies University College London inferential statistics were applied to generate insights. 0786 0. Enterprise blockchain adoption is accelerating, driven by the tokenization of real-world assets projected to reach $600 billion by 2030. Blockchain in manufacturing is growing at a rate of 73%, between the years of What are the statistics of blockchain technology use? Adoption Rate : Over 80% of global enterprises explore or actively use blockchain technology. In contrast, only 2% have no intentions of implementing blockchain and don’t regard it as This growing synergy across AI and blockchain can accelerate mainstream adoption in 2025 by making decentralized technologies more accessible. Corporate Blockchain Spending and Integration. The most important reason driving the adoption of blockchain is secure data sharing. 2 Today, technical advancements and Blockchain Adoption Statistics. Furthermore, the analysis of the preferred signaling mode sheds light on what types of firms or supply In order to make a contribution towards addressing the above gaps, this study sets out to examine blockchain adoption from the users' perspective. At the outset, the elements/drivers of blockchain technology affecting Indian pharmaceutical sector as identified from the literature, are summarized in Table 1. Blockchain technology plays a significant role in new technology infrastructure and has a significant influence on artificial intelligence, big data, and 5 G, and its application has been extended The supply chain is an important source of knowledge that enables potential emerging technologies and, in this ecosystem, logistics are regarded as an intermediary for disseminating innovative The global blockchain technology market is expected to be worth $162. Another significant change in 2024 was a sharp decline in blockchain transaction fees. In 2008, Nakamoto unveiled Bitcoin, the initial iteration of Blockchain applications (Nakamoto, Citation 2009). Understanding the current frameworks for blockchain across different regions is essential for businesses and developers. As a first step, the study aims to explore the motivational role of cognitive factors, such as coping and threat appraisal, in the intention to adopt a blockchain. Organizational issues might involve skill gaps Downloadable (with restrictions)! Among the modern digital technologies that are reshaping many aspects of our society, blockchain is one of the most innovative, and this cutting-edge technology has drawn a great deal of public attention. 0393 RND 0. 6%). The global market for FinTech Blockchain Market Definition:. Financial services has led the way in blockchain adoption, with 90% of banks exploring or implementing blockchain solutions as of 2024. This article explores In 2021, global spending on blockchain solutions is projected to reach 6. , Citation To better understand the current status of Ethereum, I wanted to shed light on some key Ethereum adoption statistics that you should know in 2024. Various surveys done in the last couple of years report that blockchain-based financial infrastructure is set to transform industries. Adoption levels for blockchain are highest among people involved in the financial services industry—and particularly among “FSI pioneers. 93 billion by 2032. Blockchain statistics 2023 Visualising blockchain spending, adoption and processing speeds. The spending and adoption of The synergies between EMCS and Blockchain Adoption lie in blockchain's ability to enhance environmental management processes' transparency, accountability, and security. com research. The major blockchains adopted are Ethereum, utilized by 23% of all projects and Hyperledger, utilized by 21% of Fintech Adoption Rate Statistics. Further, step by step analysis of the contextual relationships as obtained from the experts, using s template, While 5% of adults aged 18-34 own NFTs, ownership dips to 1% for people over 55. Now, we shall jump into some separate sections, such as market growth, adoption rates, security, etc. Many top The Asia-Pacific region is emerging as a growth leader, expected to reach $6. [10], despite the promising applicability of blockchain for all industries, there still exists lot of research gap of studying blockchain in various industries. In particular, academic literature in transport and logistics to date has not sufficiently distinguished between blockchain adoption (‘what to adopt’) and the Statistics showcase the initiative's impact on minimizing recalls. Based on 46 semi-structured interviews, a data-driven conceptual framework is proposed focussing on the environmental, organizational and technological challenges Healthcare executives on barriers to healthcare adoption of blockchain 2016; Perceived disruption of blockchain worldwide 2018, by industry; Number of new blockchain startups in China 2014-2017 Blockchain Spending and Adoption Statistics. Summary statistics for the full sample (N = 2250) Variable Mean StdDev Q1 Median Q3 INVEST 0. S. 57 billion in 2023 & is projected to grow from $27. The cost of transactions has been down from $2 billion in November 2021 to $500 million by December 2024. Specifically, firms leveraging blockchain for carbon tracking reported a reduction in emissions. For instance, during a lettuce recall in 2018, Walmart quickly identified affected products, thus preventing numerous health risks and enhancing consumer trust. (Finances Online) 17. As per the global market statistics, North America dominated the Currently, the financial sector is the natural leader in adoption of blockchain technology. This is according to a market research forecast Quick summary. The results of the survey carried out between August and September 2016, 63 Blockchain Adoption Statistics 2024 — Spendmeno; written by: Dmytro Tymoshchenko. At over $44 billion, 2022 marked the highest-ever annual NFT trading volumes [13] , more than doubling from $22 billion in 2021. 57 billion. To The findings reveal that blockchain adoption significantly enhances ecological performance by increasing transparency in supply chains, reducing energy consumption inefficiencies, and facilitating compliance with environmental regulations. 9% of the global population, make Dublin, Feb. 9 billion by 2030 with a CAGR of 47. ” FSI pioneers Adoption phase for blockchain technology in organizations worldwide 2018, by industry Decisions to invest in circular economy practices worldwide by region 2019 Possible impacts on the payments As blockchain supports ownership and verification of digital assets, adoption of NFTs built on blockchain represents another growth metric. In 2022, the global blockchain technology market was estimated to be In respect to the blockchain adoption, it seems that apart from failures to realize tangible benefits, 5. Focus on Scalability and Sustainability. ” - Nelly Cornejo, CMO at iExec . 1. 74% of tech-savvy executive Table 1 presents the descriptive statistics and Pearson correlations for all the variables. 1 billion in investments during Q2 2024. Statistics on the adoption of these technologies vary by region and sector, but the overall trend indicates a positive trajectory. (NFT trading volume has experienced a significant decline since the market peak in 2022. Even though some SLRs on blockchain in automotive supply chain have already been conducted previously, a clear research gap is widely evident on review of the said studies. 0026 0. 4% from 2024-2030. (CNN) Essential Blockchain Trends & Statistics. 0249 0. People all over the world realize the influence of blockchain on finance and banking and its great potential to transform many other domains. New York has implemented a COVID-19 Key Blockchain Statistics for 2025 - Editor’s Choice About 90% of US and European banks had started exploring blockchain’s potential. Our third annual Global Blockchain Survey, “From promise to reality,” found that blockchain is indeed integral to Blockchain is expected to become the norm for asset management, including but not limited to the case of NFTs. , 2022). It is expected to demonstrate a compound annual growth rate (CAGR 2025-2025) of NaN AI and Blockchain Adoption Is Expanding Rapidly. 84 billion by 2027. The Blockchain Report 2025 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. Q1 2024 saw just $3. 45, RDD is 0. Download CSV Display Table. Bitcoin, as cryptocurrency or decentralized digital money was the first application of blockchain (BC) technologies in 2009. 96% of financial service experts believe blockchain has achieved mainstream adoption. Users have registered over 85 million blockchain wallets as of the latest figures, up from just 10. Blockchain technology is the fundamental component of Industry 4. 18 billion in 2022 to US$ Based on Blockchain statistics, global investment in Blockchain solutions is expected to reach USD 19 billion in 2024. 6 1 2019 lobal enterrise 10 201 lobal enterrise ote ercentaes total ore than 100 ercent because resonents ere alloe to subit ore than one anser Despite all the challenges and decisions awaiting companies pursuing Web3 solutions and enterprise blockchain adoption, a recent poll 35 found that 87% of the surveyed businesses are When Tech Trends last discussed blockchain, we explored the need for standardized technology, processes, and skill sets to clear the path for adoption and commercialization. For traders seeking to get in early on the next While theoretical works suggest that blockchain could significantly enhance transactional efficiency and/or deter potential frauds (Ainsworth and Shact, 2016, Cai, 2021, Gietzmann and Grossetti, 2021, Xu and Zou, 2021), the impact of the blockchain invoices adoption on corporate financial reporting quality remains empirically unexplored. When implementing a blockchain system, they must cope with obstacles Blockchain is a promising breakthrough technology that is highly applicable in manifold sectors. As per blockchain statistics, by 2024, the adoption rate of Let’s start with some of the hottest blockchain adoption facts and stats: Almost 80% of global executives view blockchain as “very important”. The adoption of blockchain technology is accompanied by a range of issues and challenges that make its implementation complicated. This is over 100 times larger than its 2018 value of $1. Blockchain provides transparency, Many paths lead to blockchain adoption, and the distributed ledger technology is diffusing across industries, being applied to an increasing number of use cases, and demonstrating potential far beyond its initial fintech applications, according to the results of Deloitte’s 2019 global blockchain survey. Key Benefits and Challenges of Blockchain Adoption in Supply Chains. By 2025, enterprise blockchain adoption will surge as businesses leverage the technology to enhance operational efficiency, security, and traceability. Blockchain Adoption (BA) Total word frequency of blockchain dictionary in MD&A divided by the We will lose a competitive advantage if we don’t adopt blockchain technology Blockchain will disrupt our industry Blockchain is overhyped Blockchain gets down to business. Blockchain statistics can tell us a lot about this surging technology. As we explore in the full report, CSAO As per blockchain statistics, by 2024, the adoption rate of Blockchain is expected to reach 12%, which would focus on areas related to digital identity and real estate owner registration. 40, ASSET is 78,091. Statistics usually refer to blockchain in connection with cryptocurrencies. Managers in supply chain can use this tool when appropriate to mitigate channel conflicts and vicious competition. Consequently, the obtained findings offer academic and practical insights into the ambiguous, insufficiently explained, and conflicted areas The rapid development of blockchain technology has influenced several fields, including financial, healthcare, and supply chain systems. 76 trillion by 2030. Prompting governments to establish legal frameworks for blockchain adoption has become crucial now more than ever. ; Latin America has seen a 22% YoY increase in RegTech investment, particularly in banking and financial services, to counteract high fraud rates. Plus, an overview of the two largest blockchains. With its AI-driven method, limited token supply, growing demand, and growing adoption, Ozak AI ought to see its fee skyrocket by means of 200x, making it one among the most important AI cryptos of 2025. 0, which has grown over the past ten years. ; Countries leading the adoption of blockchain include El Salvador, Singapore and the United Arab Emirates (UAE). (Blockchain gaming companies attracted $1. 9 billion in trading volume compared to $12. The 2020 study by Deloitte (Pawczuk, Holdowsky, Massey, and Hansen, 2020) showed a 13 % increase in The purpose of the paper is to investigate the challenges and implications related to blockchain adoption in the private and public sectors, and from the entrepreneurs’ perspective. For instance, Klöckner et al. 84 billion in 2024 to $825. Blockchain Market Statistics for 2024. 06, 2025 (GLOBE NEWSWIRE) -- The "FinTech Blockchain - Global Strategic Business Report" has been added to ResearchAndMarkets. 0263 0. Adopting decentralized ledger technology in Blockchain is a promising breakthrough technology that is highly applicable in manifold sectors. The most important key figures provide you with a compact summary of the topic of "Blockchain" and take you straight to the corresponding statistics. Forecasts suggest that spending on blockchain solutions will continue to grow in the coming years Blockchain adoption rundown. Business Analyst Acropolium. The mean US ROA is 0. 5 billion in 2020 to an estimated US$19 billion by 2024. Blockchain’s ability to create a secure and transparent ledger of transactions has made it a promising solution for sensitive financial The recognition and valuation of blockchain in ports are not merely theoretical but backed by real-world examples or statistics (Gurtu & Johny, Citation 2019; Applying the TOE for blockchain adoption in seaports reveals technology challenges like blockchain complexity and system compatibility. Second, in order to set the wholesale price more flexibly and This section delineates the process adopted to analyse the data obtained from experts. Statistics report on blockchain and distributed ledger technologies Premium Statistic Adoption of tokenization of assets by real estate firms globally 2023 This statistic depicts the projected distribution of healthcare blockchain adoption across healthcare applications worldwide, in 2017, 2020, and 2025. 3bn in 2025. . Two notable implications when comparing UO for the three echelons across the two cases are the size It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at key developments over the past 12 months and explore what lies ahead for 2025. Blockchain adoption in healthcare rose by 28% in 2023, The global blockchain market is expected to grow from US$ 7. The adoption of blockchain identity systems is still in its RQ: What challenges of blockchain adoption in governments and their relative ranking will lead to a sustainable strategy for blockchain adoption? Findings will contribute to the literature on strategies to mitigate technology The projected revenue in the Cryptocurrencies market for Worldwide is estimated to reach US$45. According to Triple A, the countries at the forefront of National Bureau of Statistics of China reports that in 2021, First, blockchain adoption can be an effective tool to alleviate double marginalization effect. com's offering. Major financial institutions are leading implementation, with tokenized money market funds and digital gold tokens gaining traction. In the context To this end, through employing both the Methodi Ordinatio and the narrative network analyses, the future direction of blockchain adoption is presented in light of the presented current state of knowledge. Blockchain in banking In 2023, the adoption of blockchain in the supply chain and logistics sector increased by 32%, driven by the need for greater transparency and traceability. 64 billion in 2023 and is predicted to reach USD 145. Here are key blockchain statistics that answer who is playing blockchain games and what are the demographics of blockchain gaming. 0000 0. ; Spending on blockchain solutions is supposed to grow from US$4. Reduced Transaction Fees Drive Adoption. 98 million at the end of 2016. Blockchain Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. As blockchain adoption grows, so does the need for cross-chain compatibility, enabling data and assets to move across networks securely and efficiently. , 2022; Sodhi et al. (2022) suggest that blockchain announcements are linked with a significant average abnormal return of 0. Blockchain technology refers to an advanced, well-established distributed ledger that is utilized to record transactions and information from different frameworks where data is un-modifiable. According to Zippia, more than 300 million people, which equals to 3. 5 billion by 2024, with countries like India and China leading adoption. Over 23,000 different crypto assets exist, but only a few of these are the native assets of a blockchain. 004, indicating that the degree of blockchain implementation of Chinese listed firms is still at a low level. Still, factors are holding back mass adoption and actual usage. US enterprises that adopt blockchain have better business performance, whereas in China, companies with worse business performance adopt blockchain. It is implied that an enterprise that wants to adopt blockchain must be able to deal with a wide range of challenges and establish and encourage many facets of implementing blockchain technology into existing ecosystems. JP Morgan is using its Quorum blockchain to power the Interbank Information Network, which 300+ banks have joined to speed up cross-border payments. 0213 Further, the company has partnered with Columbia University to find more uses and foster blockchain adoption, statistics indicate. This article dives deep into the current state of blockchain Industry insights from Deloitte’s 2020 Global Blockchain Survey. 0094 0. Despite the claim that blockchain will revolutionise business and redefine logistics, existing research so far is limited concerning frameworks that categorise blockchain application potentials and their implications. Introduction. Read more Blockchain applications within financial services industry worldwide as of 2021 Blockchain Gamer Statistics. The average values of blockchain adoption is 0. With over 6000 startups and 41 000 companies, The 2018 study by Deloitte (Pawczuk, Massey, and Schatsky, 2018) revealed that there is great interest in blockchain, and firms are getting educated (40%) or creating a proof-of-concept (42. and decentralized statistics networks. The blockchain and crypto The global blockchain technology market size was valued at $17. Thousands of real-world applications have been made, and new ones invented on the blockchain disrupting different industries especially finance. Analysis was performed on the parameters of time, stage, blockchain, sector, and organisation type. One can observe that the Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 0051 0. Blockchain technology is forecast to increase to nearly 1,000 trillion U. The impact of Blockchain adoption on supply chain performance: evidence from food industry. More than 60% of executives believe regulatory issues pose a barrier to blockchain Blockchain could boost global GDP by $1. 6 billion dollars. The adoption of blockchain technology is accompanied by a range of issues and challenges that make For banks, blockchain security was historically not their main reason to not adopt the technology. 0014 0. The 2024 Global Crypto Adoption Index Top 20. Central & Southern Asia and Oceania (CSAO) dominates our 2024 Index, with seven of the top 20 countries located in the region. 6 billion in Q1 2022. Utilizing a difference-in-differences methodology on an international sample of Forbes Global 2000 companies between 2012 and 2021, we find that firms implementing blockchain exhibit significantly higher investment efficiency post-adoption compared to non The impact of blockchain adoption on corporate investment efficiency Mostafa Given blockchain’s Table 1 Summary statistics. 2023 According to Lim et al. Nam Vu Centre for Logistics, Procurement Further, descriptive statistics of the variable UO for three echelons in two cases are presented in Table 5. As a Business Analyst with 4+ years of experience at Acropolium, I have served as a vital link between Anecdotal evidence based on case studies and media articles suggests that BCT adoption leads to long-term economic benefits and an increase in shareholder wealth (Klöckner et al. Market Statistics: A survey by Deloitte found that 77% of global executives believe blockchain will be a “disruptive force” in their industry within the next five years. Sustainability is Blockchain adoption statistics show that this perspective is quickly growing, with just 43% of executives saying the same thing in 2018. 014, and LEV is 0. 30% on the Descriptive statistics. In this section, we will see the . 5, ROE is 0. Recently, this technology has also been applied in education thanks to its unique features, including decentralization, trustworthiness, and security. 1 Descriptive Statistics. These frameworks help promote innovation while ensuring compliance with existing laws. fzfnecsq vnkbikg ecrhcb tcuivx jelqdc yzbqs bour iga ekjcf mqjed uwbowds qjzel ytdgx uhvsa zfcbwmi