The global blockchain distributed ledger market size is expected to reach USD 3,50,712 million by 2023, expanding at a CAGR of 63%. The market is growing due to the increasing use of blockchain distributed ledger technology among large and medium-sized organizations due to an increase in the global capital market share. The blockchain distributed ledger helps customers, employees, and organizations protect their most important data from security breaches by eliminating the need for a reliable intermediary when transmitting essential organizational information. Service providers may enhance decision-making, deliver better customer service, and add value to their enterprises by integrating cutting-edge technologies like IoT into blockchain distributed ledger technology.
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