BoA: Blockchain Market Can Hit $7 Billion & Will Significantly Boost Corporation

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A new Bank of America report claims that blockchain technology could be worth $7 billion. According to Bank of America analyst, if a business is Microsoft, Amazon or Oracle, the burgeoning blockchain market could mean billions of dollars in additional revenue.

In a note, analyst Kash Rangan said the blockchain market could be a $7 billion opportunity for tech firms. Based on the analysis by Kash, the entire total addressable market for blockchain will eventually hit $7 billion, although the analyst did not specify when blockchain would reach this mark because the industry remains in its early phases.

Rangan’s estimates assume that 2 percent of servers will be used to run blockchain, at $5,500 per server, per year.
One of Bank of America analysts commented on the potential blockchain...

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