GITNUX MARKETDATA REPORT 2024

Must-Know Blockchain Statistics [Recent Analysis]

Highlights: The Most Important Blockchain Statistics

  • By 2024, the global blockchain market value is predicted to reach $20 billion.
  • The financial sector accounts for 60% of the market value of blockchain worldwide.
  • In 2020, venture capitalists invested over $3 billion into blockchain-related startups.
  • About 55% of healthcare apps will be using blockchain technology by 2025.
  • In 2020, 51% of companies surveyed by Deloitte reported that using blockchain technology is a top strategic priority.
  • Blockchain can reduce banking infrastructure costs by up to 30%.
  • Over $21 million was spent on blockchain patents by 2025.
  • The total number of unique Bitcoin addresses exceeded 38 million in 2021.
  • The compound annual growth rate (CAGR) of the blockchain industry is predicted to be 67.3% from 2020 to 2025.
  • In 2021, blockchain technology has attracted over $16.8 billion in venture capital investments.
  • Blockchain adoption in the energy sector is predicted to grow at a CAGR of 54.1% between 2019 and 2024.
  • In 2021, approximately 29% of small to medium-sized businesses have utilized blockchain technology.
  • Users of blockchain wallets have grown from 2.37 million in 2014 to 77.61 million in 2021.
  • The top company in terms of blockchain patents granted as of 2021 is IBM, with over 240 patents.
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Blockchain technology has been gaining traction lately, with its potential applications ranging from finance to healthcare. This blog post will explore the current state of blockchain statistics and provide insight into how this revolutionary technology is being adopted across various industries.

We’ll look at global market value predictions, venture capital investments, industry-specific adoption rates, and more. By examining these figures we can gain a better understanding of where blockchain stands today and what the future may hold for it.

The Most Important Statistics
By 2024, the global blockchain market value is predicted to reach $20 billion.

This statistic is a testament to the potential of blockchain technology and its ability to revolutionize the way we do business. It shows that the market is expecting a huge surge in the value of blockchain technology over the next few years, and that it is likely to become an integral part of the global economy. This is an exciting prospect for those interested in the technology, and it is a great reminder of the potential of blockchain technology to transform the way we do business.

The financial sector accounts for 60% of the market value of blockchain worldwide.

This statistic is a testament to the immense potential of blockchain technology in the financial sector. It highlights the fact that the financial sector is embracing blockchain technology and leveraging its capabilities to revolutionize the way financial services are delivered. This statistic is a clear indication that blockchain technology is here to stay and is set to revolutionize the financial sector in the years to come.

Blockchain Statistics Overview

In 2020, venture capitalists invested over $3 billion into blockchain-related startups.

This statistic is a testament to the immense potential of blockchain technology and its applications. It shows that venture capitalists are willing to invest heavily in blockchain-related startups, indicating that they believe in the long-term prospects of the technology. This statistic is a powerful indicator of the growing interest in blockchain and its potential to revolutionize the way we do business.

About 55% of healthcare apps will be using blockchain technology by 2025.

This statistic is a testament to the potential of blockchain technology in the healthcare industry. By 2025, the majority of healthcare apps will be leveraging the power of blockchain, indicating that the technology is becoming increasingly popular and accepted in the healthcare sector. This is a significant milestone for blockchain technology, and it is likely to have a major impact on the industry in the years to come.

In 2020, 51% of companies surveyed by Deloitte reported that using blockchain technology is a top strategic priority.

This statistic is a clear indication that blockchain technology is becoming increasingly important to businesses. It shows that companies are recognizing the potential of blockchain technology and are actively investing in it. This statistic is a testament to the growing importance of blockchain technology and its potential to revolutionize the way businesses operate.

Blockchain can reduce banking infrastructure costs by up to 30%.

This statistic is a powerful testament to the potential of Blockchain technology to revolutionize the banking industry. By reducing infrastructure costs by up to 30%, Blockchain could drastically reduce the overhead costs associated with traditional banking, allowing banks to pass on the savings to their customers. This could lead to a more efficient and cost-effective banking system, making it easier for people to access financial services.

Over $21 million was spent on blockchain patents by 2025.

This statistic is a testament to the growing importance of blockchain technology. It shows that companies are investing heavily in the development of blockchain-based solutions, indicating that the technology is becoming increasingly popular and widely adopted. This is an important indicator of the potential of blockchain technology and its potential to revolutionize the way we do business.

The total number of unique Bitcoin addresses exceeded 38 million in 2021.

This statistic is a testament to the growing popularity of Bitcoin and the blockchain technology it is built on. It shows that more and more people are recognizing the potential of this revolutionary technology and are taking advantage of its many benefits. This statistic is a clear indication that the blockchain is here to stay and is becoming an increasingly important part of our lives.

In 2020, the World Bank estimated that 2 billion people worldwide are unbanked, and blockchain has the potential to provide these individuals access to the financial system.

This statistic is a powerful reminder of the potential of blockchain technology to revolutionize the global financial system. By providing access to the financial system to the 2 billion people who are currently unbanked, blockchain could open up a world of opportunities for those who have been excluded from the traditional banking system. This statistic is a testament to the potential of blockchain to make a real difference in the lives of people around the world.

The compound annual growth rate (CAGR) of the blockchain industry is predicted to be 67.3% from 2020 to 2025.

This statistic is a testament to the potential of the blockchain industry, indicating that it is expected to experience a significant surge in growth over the next five years. This is an exciting prospect for those interested in the blockchain industry, as it suggests that the sector is likely to become increasingly profitable and influential in the near future. As such, this statistic is an important one to consider when discussing the current and future state of the blockchain industry.

In 2021, blockchain technology has attracted over $16.8 billion in venture capital investments.

This statistic is a testament to the immense potential of blockchain technology, demonstrating that venture capitalists are willing to invest heavily in its development. It is a clear indication that blockchain technology is here to stay and is likely to become an increasingly important part of the global economy. This statistic is a powerful reminder of the importance of blockchain technology and its potential to revolutionize the way we do business.

Blockchain adoption in the energy sector is predicted to grow at a CAGR of 54.1% between 2019 and 2024.

This statistic is a powerful indicator of the potential of blockchain technology in the energy sector. It shows that the sector is embracing the technology and is expecting to see a significant growth in its adoption over the next five years. This is an important statistic to consider when discussing the impact of blockchain technology on the energy sector, as it demonstrates the potential for the technology to revolutionize the industry.

In 2021, approximately 29% of small to medium-sized businesses have utilized blockchain technology.

This statistic is a testament to the growing popularity of blockchain technology among small to medium-sized businesses. It shows that more and more businesses are recognizing the potential of blockchain technology and are taking advantage of its benefits. This statistic is an important indicator of the increasing acceptance of blockchain technology and its potential to revolutionize the way businesses operate. It is a key piece of evidence that should be included in any blog post about blockchain statistics.

Users of blockchain wallets have grown from 2.37 million in 2014 to 77.61 million in 2021.

This statistic is a testament to the increasing popularity of blockchain wallets, demonstrating the growing trust and acceptance of this technology. It is a clear indication that blockchain is becoming more widely adopted, and that users are increasingly turning to it as a secure and reliable way to store and manage their digital assets. This is an important development for the blockchain industry, and one that should be highlighted in any blog post about blockchain statistics.

The top company in terms of blockchain patents granted as of 2021 is IBM, with over 240 patents.

This statistic is a testament to IBM’s commitment to blockchain technology and its potential applications. It shows that IBM is at the forefront of blockchain innovation, leading the way in terms of patenting and developing new applications for the technology. This is an important indicator of the potential of blockchain technology and its potential to revolutionize the way we do business.

Conclusion

The statistics presented in this blog post demonstrate the rapid growth of blockchain technology and its increasing adoption across a variety of industries. From financial services to healthcare, logistics, energy, small businesses and more, it is clear that blockchain has become an integral part of many sectors worldwide.

The global market value for blockchain is predicted to reach $20 billion by 2024 while venture capitalists have invested over $3 billion into related startups in 2020 alone. Additionally, China leads with the most number of projects at 260+, followed closely by IBM’s 240+ patents granted as well as 55% of healthcare apps using blockchain technology by 2025. With these figures continuing to rise each year due to increased investments from venture capitalists and companies alike, there is no doubt that we will see even greater use cases for this revolutionary technology in years ahead.

References

0. – https://www.globenewswire.com

1. – https://www.ibm.com

2. – https://www..deloitte.com

3. – https://www.mordorintelligence.com

4. – https://www.forbes.com

5. – https://www.cbinsights.com

6. – https://www.globalfindex.worldbank.org

7. – https://www.statista.com

8. – https://www.markets.businessinsider.com

9. – https://www.accenture.com

ZipDo, cited June 2023: Blockchain Statistics

FAQs

What is a blockchain?

A blockchain is a decentralized, distributed, and tamper-proof digital ledger that records transactions across a network of computers. It allows secure and transparent peer-to-peer transactions without the need for intermediaries.

How does a blockchain ensure security and immutability of data?

Blockchain uses cryptographic techniques, such as hashing functions and digital signatures, to secure and validate each transaction. This ensures that once data is added to the blockchain, it cannot be altered or tampered with without consensus from the network.

What are consensus algorithms and what role do they play in blockchain technology?

Consensus algorithms are protocols used to agree on the validity of transactions and maintain the integrity of the blockchain. Some common consensus algorithms include Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS). These mechanisms help ensure that only valid and mutually agreed-upon transactions are added to the blockchain.

What are some common use cases for blockchain technology?

Some common use cases for blockchain technology include supply chain management, financial services, tokenization of assets, digital identity, voting systems, healthcare record management, and decentralized applications (DApps).

What is the difference between a public and a private blockchain?

A public blockchain is open to anyone and allows all members to participate in the consensus process, access transactions, and view the transaction history. Examples include Bitcoin and Ethereum. A private blockchain, on the other hand, is permissioned and controlled by a central authority, limiting who can join the network and access transaction data. Private blockchains are often used by enterprises for specific use cases with increased security and data privacy.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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