Blockchain Expected to Store 10% of Global GDP by 2027

[Goodcat49]

The U.S-based technology conglomerate Cisco published a report about Blockchain and revealed that the technology has the potential to store more than 10% of the globe’s total gross domestic product (GDP) by the year 2027. Blockchain will help in enhancing the internet of things, smart cities, and supply chain solutions.

The common question that is in people’s minds is whether the suggested trend will develop at that high speed.   

Cisco predicted that blockchain in eight years from now, the technology will be highly trusted by businesses, firms, organization, institutions, governments etc as far as securing value electronically is concerned – even if digital currencies participate or not.   

According to the report, international enterprises are expected to spend around $9.7 billion on distributed ledger technology (DLT) projects by the year 2012. In addition, by 2030, programmable commerce will make around $3 trillion in new business value.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-global-gdp/