Since the concept was introduced more than a decade ago, blockchain technology has evolved rapidly over the years. From retail and banking to healthcare and defense, the technology is gradually making its way into a range of industry verticals and is anticipated to transform the way data and processes are shared and handled.
An Increasing number of businesses and organizations are exploring ways to incorporate the technology to conduct business and transactions in an efficient and reliable manner and eliminate the risk of frauds. The technology is poised to witness surging adoption among startups in the near future. Global Market Insights, Inc., estimates that global blockchain technology market size will be worth over US$25 billion by 2025. (Source: Global Market Insights, Inc.)