Following the rise of cryptocurrency, which gained a lot of attention and popularity, blockchain technology became an emerging technology that could change the way businesses operate. Nowadays, a variety of medium- and large-sized businesses are exploring the potential of blockchain technology to gain a foothold within the highly competitive marketplace. Blockchain’s market in the world of technology is expected to expand to more than 40 billion dollars by 2025. The USA alone is responsible for 56% of all global blockchain investments.
In the year 2020 blockchain technology climbed to new heights thanks to its growing acceptance across various sectors. It’s likely to reach higher levels in 2022. Due to the amount of interest blockchain technology has attracted it is possible to expect to see an increase in the number of companies adopting blockchain technology in 2022.
According to Forrester, the majority of projects which will be transitioning to production in 2021 will operate on enterprise-level blockchain platforms. In addition, according to IDC, approximately 30% of all manufacturers and retailers from around the world will create trust via blockchain technology by 2021.
This is why blockchain development firms will be in the spotlight to satisfy the most cutting-edge market demands. With the growing number of alternatives, choosing the right blockchain development firm will be a difficult task because the technology is relatively new to many businesses.
To read more – https://www.leewayhertz.com/top-blockchain-development-companies-2022/
Matthew Haws 