Blockchain technology has the potential to revolutionize many industries, with blockchain apps providing increased security, transparency, and efficiency. The global blockchain market size was valued at USD 3.67 billion in 2020 and is expected to reach USD 69.04 billion by 2028, driven by the increasing adoption of blockchain technology by various industries. The financial services sector is expected to remain the largest adopter of blockchain, with blockchain-based solutions in supply chain management, digital identity management, and payments and settlement systems being in high demand.
