Blockchain Analysis Statistics

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Blockchain Analysis Statistics 2023: Facts about Blockchain Analysis outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Blockchain Analysis, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Blockchain Analysis Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Blockchain Analysis Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 49 Blockchain Analysis Statistics on this page 🙂

Blockchain Analysis “Latest” Statistics

  • Recent Gini coefficients for global economies had a mean value of 39.6 and a standard deviation of 96, according to a World Bank analysis in 2013.[1]
  • Recognizing how often Bitcoin addresses are used on the Bitcoin network, more than 91% of addresses have only been used once.[1]
  • With the use of blockchain technologies, a 30% to 50% possible cost savings on compliance, a 50% potential cost savings on centralized operations, and a 50% potential cost savings on business operations were mentioned.[2]
  • Energy consumption is a challenge for those who want to implement blockchain technology since blockchain miners consume 2% of the entire amount of power produced worldwide.[2]
  • Based on a study of 100 international firms that submitted patent applications, China accounted for 46% of worldwide blockchain patent applications.[2]
  • 58% of businesses claim that blockchain technology is simply one of several challenges they are examining when developing their digital asset strategy.[2]
  • According to 27% of UK logistics industry specialists, blockchain technology has medium significance to their industry, while 23% stated it has little relevance.[2]
  • China has the highest rate of adoption of blockchain as a major strategic objective, with 70% of respondents ranking it among their top five priorities.[2]
  • By 2030, experts estimate that blockchain would increase global GDP by $1.76 trillion, or 14% of the world GDP.[2]
  • Just 50% of IT executives were interested in implementing blockchain security measures.[2]
  • With a market valuation of 66% in 2020, Bitcoin led the market, followed by Ether with 8% and Ripple with 4%.[2]
  • North America contributed 46% of the market growth for blockchain technology in the world in 2020.[2]
  • According to a poll, 39% of top executives from across the globe indicated their firms had used blockchain technology.[2]
  • 87% of top executives from across the globe responded to a study saying that blockchain would enable them to advance deeper integration toward touchless business processes.[2]
  • Analysts forecast that 10% to 15% of global infrastructure will use blockchain technology within a decade.[2]
  • 50% of IT executives said that they were not interested in using blockchain technology.[2]
  • The biggest investment banks in the world may save $12 billion or 38% in yearly costs by using blockchain technology.[2]
  • 83% of businesses claimed to be very or somewhat confident in their ability to satisfy blockchain-related financial reporting obligations.[2]
  • A different research found that 36% of IT executives are actively looking for blockchain security solutions.[2]
  • More than 80% believe that integrating touchless business operations, enhancing company functionality, and meeting financial reporting needs would be made possible by blockchain.[2]
  • While the majority of senior executives believe blockchain is poised for widespread adoption, just around 40% of them claim their business has already done so.[2]
  • Contrarily, 86% of respondents believe that blockchain will enable new company functions and income sources in their sector.[2]
  • Barriers to blockchain implementation are a lack of internal resources (28%), ROI uncertainty (28%), as well as worries about the sensitivity of competitive information (25%).[2]
  • Adoption of blockchain technology worldwide according to 88% of top executives, will ultimately be widely used.[2]
  • With 50% of all installations, a private blockchain is a most widely used model in enterprises globally.[2]
  • With a CAGR of 54%, the professional services sector is anticipated to have the largest rise in blockchain expenditure.[2]
  • The biggest investment banks in the world said that blockchain technology may reduce central finance reporting costs by 70%.[2]
  • Permissioned blockchain and private blockchain, which together accounted for 45% of all worldwide deployments, are the next two.[2]
  • By 2024, it is anticipated that global spending on blockchain solutions would total $179 billion and expand at a 46.4% CAGR.[2]
  • The largest difficulty to data science, according to a 2017 poll of 16,000 data experts, is the inclusion of filthy data, such as duplicate or erroneous data.[3]
  • According to Morning Consult, just 24% of Bitcoin owners identify as Hispanic, compared to around 16% of the U.S. population.[4]
  • According to a Morning Consult survey, just 48% of people, in general, are males, whereas almost 70% of Bitcoin owners are men.[4]
  • Although the IRS has not yet provided official numbers, a recent Barclays Bank research predicts that the agency loses $50 billion yearly due to taxes that should be paid on bitcoin holdings.[4]
  • According to the Cambridge index, as of July 2022, bitcoin mining used so much power that it made up 0.40% of all global electricity use.[4]
  • According to Columbia University and the Cambridge Bitcoin Electricity Consumption Index, as of May 2022, bitcoin alone used an estimated 150 terawatt-hours of electricity annually, which is more than Argentina’s population of 45 million people.[4]
  • According to Morning Consult, Gen Z accounts for 13% of cryptocurrency owners but only accounts for 11% of the population, while Gen X accounts for 20% of cryptocurrency owners but only accounts for 27% of the population.[4]
  • According to Digiconomist, if bitcoin were a nation, it would be among the top 30 energy consumers globally.[4]
  • High-income earners are disproportionately represented in the U.S., accounting for 25% of cryptocurrency owners but just 15% of the total population, with individuals earning $100,000 or more each year.[4]
  • According to the Economic Times, mining for Bitcoin alone is expected to produce between 22 and 22.9 million metric tons of carbon dioxide emissions per year, about equal to Sri Lanka’s emissions.[4]
  • Despite making up just 30% of the population overall, Morning Consult claims that millennials possess 57% of all cryptocurrencies in the U.S.[4]
  • According to Digiconomist, the carbon footprint of one bitcoin transaction is equal to more than 975,000 visa transactions.[4]
  • According to Research and Markets, there will be $6.75 trillion in online payments worldwide in 2021.[4]
  • In the period from January 2021 to March 2022, 29% of reported dollar losses from romance scams were paid with bitcoin.[5]
  • Approximately 91% of fraud complaints within this time period that used cryptocurrencies as the payment mechanism contained age information.[5]
  • In fraud complaints to the FTC from January 2021 to March 2022, bitcoin was recognized as the payment mechanism for 24% of reported cash losses.[5]
  • More than three times as many people in the age range of 20 to 49 reported losing cryptocurrencies to scammers.[5]
  • The most popular cryptocurrencies utilized to pay scammers were Bitcoin 70%, Tether 10%, and Ether 9%.[5]
  • Buyers spend at least $3.5 billion annually in administrative costs to register their acquisitions, according to research on real estate transactions across all countries in the organization for economic cooperation and development.[6]
  • While there will never be a system of encryption that is 100% secure, blockchain technology can make such breaches far more difficult to execute.[6]

Also Read

How Useful is Blockchain Analysis

Blockchain analysis involves examining the data stored in a blockchain to gain insights into various aspects of transactions that have taken place. This data includes information on the sender, recipient, amount, and timestamp of transactions. By analyzing this data, analysts can track the flow of funds, identify patterns, and potentially detect fraudulent activity.

One of the key benefits of blockchain analysis is its transparency. Because the data on a blockchain is immutable and decentralized, it is difficult to manipulate or erase. This makes blockchain analysis a powerful tool for audit and compliance purposes, as well as for investigating suspicious activities.

Moreover, blockchain analysis has been used in the fight against criminal activities such as money laundering and terrorist financing. By tracing the flow of funds on the blockchain, law enforcement agencies and regulatory bodies can identify illicit activities and take appropriate action. This has the potential to significantly reduce financial crime and enhance the security of digital transactions.

In addition to its implications for law enforcement and compliance, blockchain analysis has also been lauded for its potential in improving supply chain management. By tracking products on a blockchain, companies can ensure transparency and traceability throughout the supply chain, from sourcing raw materials to delivering the final product to customers. This can not only enhance customer trust but also help companies optimize their operations and reduce fraud.

However, there are also limitations to the usefulness of blockchain analysis. One of the key challenges is the anonymity of transactions on a blockchain. While transactions are pseudonymous, it can be difficult to identify the actual individuals behind the transactions. This can hinder investigations and limit the effectiveness of blockchain analysis in some cases.

Moreover, the sheer volume and complexity of data stored on a blockchain can pose challenges for analysts. Analyzing large datasets and identifying meaningful patterns can be time-consuming and resource-intensive. This can be a barrier for smaller organizations or researchers looking to leverage blockchain analysis for their work.

Despite these limitations, the potential benefits of blockchain analysis cannot be overlooked. As technology continues to evolve, so too will our ability to leverage blockchain analysis for a variety of applications. From enhancing transparency and security in financial transactions to improving supply chain management, the possibilities are endless.

Overall, blockchain analysis has the potential to be a valuable tool for a wide range of industries and sectors. By harnessing the power of blockchain technology, analysts can gain valuable insights into transactions, detect fraud, and enhance compliance efforts. As our understanding of blockchain analysis grows, so too will its usefulness in the digital age.


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