PricewaterhouseCoopers: By 2030, blockchain could increase global GDP by $ 1.76 trillion.

A new study from PricewaterhouseCoopers shows that blockchain technology could add $ 1.76 trillion to global GDP over the next decade with multiple uses. By 2030, blockchain technology will represent 1.4% of global GDP.

The report notes that the growing interest in blockchain technology is largely due to the need for better operating systems that allow people to build trust into the tech industry. In another study, PwC found that over 50% of CEOs believe that a lack of trust in business processes affects their organization.

According to PricewaterhouseCoopers, the blockchain will help organizations identify contracts, personal information, certificates, documents and contracts.

Researchers at PricewaterhouseCoopers examined the potential of blockchain in a wide range of industries, including healthcare, government and utilities, manufacturing, finance, retail, and logistics. They predict that by 2025, most companies in this industry will be using blockchain technology in one form or another.

They see tracking, payment and financial tools, personalization, contracts and solutions, and customer engagement as five major applications for blockchain in ten next year.

Using blockchain for tracking alone is expected to increase global GDP by $ 962 billion. Payments and financial products could add $ 433 billion, and our spending could increase global GDP by $ 224 billion, $ 73 billion and $ 54 billion, depending on the 10-year increase.

By the end of 2021, the blockchain add 66 billion to global markets. The announcement estimates that by 2025, the impact of blockchain will increase 6.5 times to reach the value of $ 442 billion.

By 2030, China and the United States are expected to expand their blockchain applications to increase their GDP by $ 440 billion and $ 407 billion, respectively, according to Germany, India, Japan and the United States. United Kingdom as a leader. Regional Blockchain Innovation Center.