The Future of the Blockchain Market

The blockchain market size will exceed USD 10 billion by 2024, transforming
44 different industries with the US and China leading the way.

“This is the best report on the Blockchain market that has ever been written.”

Jeremy Baker, BBC Commentator, Affiliate Professor ESCP Europe

Critical Future Global® Blockchain Development Services

Custom Development

Whether through the creation of decentralized applications or support of a private blockchain, Toptal’s experienced blockchain developers help clients take advantage of the numerous opportunities that the emerging technology has to offer.

Blockchain Security

Blockchain provides alternative options for digital security, using familiar cryptography but with unchangeable data. Work with Toptal developers to understand how your company can use blockchain as a means to secure data and enhance the trust verification processes.

Smart Contracts

Smart contracts are programmed contracts that utilize execution in a distributed environment for enforceability. These can variously be used to support crowdfunding, blind auctions, multi-signature wallets, and more.

Ethereum

Companies are turning to Ethereum, a blockchain-based platform, for broader applications of trust verification beyond just cryptocurrency including smart contracts (powered by the programming language Solidity).

Bitcoin

The most popular cryptocurrency in the world, Bitcoin was also the first distributed blockchain. Toptal developers have experience with Bitcoin Core, the underlying reference client for the currency, as well as with the digital currency itself.

Hyperledger

Created by the Linux Foundation, Hyperledger is a project of open-source blockchains and related tools. Toptal Hyperledger developers have experience in Hyperledger blockchain platforms like Fabric and Sawtooth, and tools such as Cello.

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Talk to One of Our Industry Experts
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Report Summary

This new authoritative market report by a team of leading academics and business leaders reveals that the global blockchain market size is predicted to grow from USD 548.2 million in 2018 to USD 10.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 62.61% during the forecast period. The report has also reveals that Blockchain is set to disrupt 42 different industries, including the Banking, Logistics, Charity, Education, Healthcare, Human Resources, Public Sector, Music, Law Enforcement and Sports sectors.

Jeremy Baker, BBC Commentator, Affiliate Professor ESCP Europe, says: “Blockchain technology introduces a new paradigm. The World Wide Web is merely Internet 1.0 in terms of our online communication. Blockchain is, in a sense, Internet 2.0 and represents the internet of value, ownership and trust – as the extensive market research contained in this report so clearly demonstrates.” Baker adds: “Reading this enlightening report, it is clear that Blockchain is here to stay. The report made me realize how Blockchain will have a major impact in various industries, in the same kind of way the World Wide Web did. It will have a profound effect on society, as it creates a global network of trust, allowing individuals, organizations and even machines to transact with each other, but — for the first time in history — without having to trust each other.”

“This report clearly and concisely summarizes the current Blockchain market and identifies areas that all business leaders must be aware of as Blockchain expands into dozens of international markets.” The report reveals that the Asia-Pacific region is expected to show the highest growth rate during the forecast period. Major economies in Asia-Pacific, such as China, India, Australia, and New Zealand, are investing into Blockchain-based solutions to disrupt traditional business processes in order to enhance their performance. However, North America and Europe remain major players in the Blockchain space generating 70% of the revenues in the industry. The report further reveals that the key players in the Blockchain Applications market are Wallets & Money Services and Capital Markets & Financial Services. These two categories account for more than half of the investment share in Blockchain.

The report has been making waves in the blockchain press:

  • Yahoo News coverage
  • Cryptonomist coverage
  • Irish Tech News coverage
  • Coinrivet coverage
  • Cryptobriefing coverage
Key Topics
  • The Mechanics of Blockchain
  • Economic, Security & Other Incentives
  • Policy Making
  • Market Size
  • Market Forecast (2018 – 2024)
  • Blockchain Trends
  • SWOT Analysis
  • The Blockchain Project Ecosystem
  • Key player analysis
  • Market Map Classification (by Industry & Total Funding)
  • A Case Study: Estonia
  • Applications of Blockchain (42 Industries analyzed)
  • A Critical Survey (sample size approx. 2000)
  • Conclusions and strategic implications

Project Team

About Critical Future: Blockchain expert consultancy
Critical Future produces market report of the highest caliber written by academic experts in their field of specialism. This report on Blockchain has been produced by an expert team including Antonis Ballis a PhD in Cryptocurrency Economics, Adam Riccoboni an award winning entrepreneur and critically acclaimed business writer, and has been reviewed by academics from leading institutions such as ESCP Europe and Cambridge University. Critical Future is the strategy and blockchain advisor to many of the world’s leading companies including Fedex, Siemens and Unilever.

Adam Riccoboni

Critical Future has exceptional insight into Blockchain and was selected by the British government to partner on an exceptional event on Fintech at the Locarno Room, known as the finest room in England. The event was jointly hosted by Alastair Lukies the UK Prime Minister’s Fintech Ambassador and Adam Riccoboni, the Managing Director of Critical Future.

“This is a fabulous report, detailing the enormous future market of blockchain”

Brian Friedman, former Partner of EY

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Antonis-ballis
PhD Blockchain and Cryptocurrency