Blockchain report

The Future of the Blockchain Market

“Blockchain will have a $120 billion economic impact by 2024, disrupting 44, different industries 8 out of 10 business professionals are confident blockchain is about to move to the mainstream.” 

“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.


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).


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.


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.

How Critical Future Global® Works

Talk to One of Our Industry Experts
A Toptal Director of Engineering will work with you to understand your goals, technical needs, and team dynamics.
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Within days, we’ll introduce you to the right talent for your project. Average time to match is under 24 hours.
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Work with your new team member for a trial period (pay only if satisfied), ensuring they’re the right fit before starting the engagement.

Report Summary

A new authoritative market report by a team of academic experts and business leaders reveals that blockchain will have a USD $120 billion economic impact by 2024.

The report the first of its kind to integrate robust econometrics models to calculate economic impacts such as the reduction of cost in an industry, revealing startling opportunities.

The research reveals that the global blockchain market size is also calculated towill 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.

Of the 1800 business professionals surveyed 79% believe Blockchain technology is broadly scalable and will eventually achieve mainstream adoption.

The ”Future of the Blockchain Market” report details how Blockchain is set to disrupt 44 different industries, including the Banking, Logistics, Charity, Education, Healthcare, Human Resources, Public Sector, Music, Law Enforcement and Sports sectors, Social Media, Gaming etc.
Jeremy Baker, BBC Commentator, Affiliate Professor ESCP Europe, says: “This is not a report written by a junior analyst regurgitating internet facts. This is for the first time a report on blockchain by academic experts and business leaders that includes original research and robust economic models.”

“Reading this report made me realize 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. 8 out of 10 business people now see blockchain as going mainstream – that is highly significant.”

The report reveals why the blockchain industry is growing at a rapid pace and how it has garnered serious attention and participation from leaders in key sectors including enterprise companies, venture capitalists, and regulatory bodies.

Baker adds: “Reading this enlightening report, it is clear that Blockchain is here to stay. The report made me understand Blockchain’s specific impact’simpacts across 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.”

Published: September 20, 2018

“According to a market report from Critical Future, the global blockchain market size is expected to grow at a compound annual growth rate (CAGR) of 62.61% to reach USD 10.1 Billion by 2024, up from USD 548.2 Million in 2018.”

Published: September 17, 2018

“Blockchain will have a US$120 billion economic impact by 2024, reveals a new market report by a team of academic experts and business leaders. The report, titled Future of Blockchain Market and done by Critical Future (an AI and blockchain expert consulting services company)”

This report also featured in: Coin Rivet, Bitcoin Magazine, Cryptonomist, Irish Tech News etc

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.

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

Brian Friedman, former Partner of EY

PhD Blockchain and Cryptocurrency