(Opalesque) The blockchain has the potential to hold as much as 10% of the world’s GDP, said ‘Blockchain by Cisco’ report.
This means that several trillion dollars worth of value could be stored on both decentralized and permissioned blockchains by 2027.
Cisco also expects $9.7bn would be spent annually on blockchain projects by 2021.Cisco cited a January report from IDC, which predicts the market for blockchain spending expanding to $9.7bn per year by 2021. This is four times what was spent in 2018, which saw $2.1bn go towards blockchain projects.
Cisco projects $9.7bn will be spent annually on blockchain projects by 2021
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