User:Dlevine1996/Blockchain

Organizational and Individual Use of Blockchain Technology
In 2019, it was estimated that around $2.9B was invested in blockchain technology which represents an 89% increase from the year prior. Additionally, the International Data Corp estimated that corporate investment into blockchain technology will reach $12.4B by 2022. Furthermore, According to PricewaterhouseCoopers (PwC), the second-largest professional services network in the world, blockchain technology has the potential to generate an annual business value of more than $3T by 2030. PwC's estimate is further augmented by a 2018 study that they conducted, in which PwC surveyed 600 business executives and determined that 84% has at least some exposure to utilizing blockchain technology. Which indicts a significant demand in blockchain technology.

Individual use of blockchain technology has also greatly increased since 2016. According to statistica in 2020 there were more than 40million blockchain wallets in 2020 in comparison to around 10million blockchain wallets in 2016.