Technology researchers ReportLinker says Blockchain will have a major impact on the American manufacturing sector, with particularly significant growth expected in the five years 2020-2025.
Its will already be as high as $30m, but then grow at a compound annual growth rate of an astonishing 80% to hit $566m by 2025.
The reason: the technology will be picked up by manufacturers eager to simplify their business processes, ensure transparency and immutability, and “eliminate” intermediaries in logistics and supply chains.
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The authors cite several factors driving growth, especially the rise in Blockchain-as-a-service solutions for businesses, accompanied by significant increases in venture capital investment and so-say Initial Coin Offerings.
The study’s authors divvied up Blockchain use by application, end use, and territory, then segmented the manufacturing market into energy, power, industrial, automotive, pharma, aerospace & defence, food and beverages, textile and clothing, and other sectors.
Go here to read the full study.