Blockchain spending is expected to increase by 80 percent in 2019 compared to 2018, according to an Aug. 8 International Data Corp. report and cited by the CoinTelegraph.
Worldwide spending on blockchain solutions is estimated to reach $16 billion by 2023. Within the U.S., spending will be approximately $1.1 billion in 2019.
The banking industry is predicted to command blockchain spending. Other industries that are expected to increase blockchain spending include manufacturing and process manufacturing.
When considering specific blockchain solutions, IT and business services combined are projected to account for 70 percent of blockchain spending.
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