Blockchain Platforms Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

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

LLCBuddy editorial team did hours of research, collected all important statistics on Blockchain Platforms, 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 Platforms 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.

Please read the page carefully and don’t miss any words.

Top Blockchain Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 39 Blockchain Platforms Statistics on this page 🙂

Blockchain Platforms “Latest” Statistics

  • The overall score at the end of Q2 2021 is 24, which indicates that worldwide adoption has increased by more than 2300% from Q3 2019 and over 881% over the last year.[1]
  • Blockchains reportedly reached the early adopter’s phase in 2016 with a 13.5% acceptance rate within the financial services sector, according to Accenture’s application of the diffusion of innovations theory.[2]
  • According to projections made by International Data Corp, 12.4 billion will be invested in blockchain technology by businesses by 2022.[2]
  • According to Gartner, 5% of CIOs thought blockchain technology would revolutionize their industry in 2019.[2]
  • Almost 2.9 billion dollars were spent on blockchain technology in 2019, an increase of 89% from the previous year.[2]
  • Only 8% of CIOs were actively planning or looking at short-term blockchain experiments as of May 2018, according to research by Gartner. Only 1% of CIOs reported any form of blockchain usage inside their organizations.[2]
  • According to 51% of respondents, blockchain will facilitate financial inclusion, while 48% think it would benefit doing know-your-customer checks.[3]
  • 52% of professionals think blockchain will be crucial in the future for confirming consumer identification.[3]
  • Internal controls and financial reporting were mentioned as industry-specific regulatory difficulties that needed to be modified by 57% of respondents.[3]
  • According to 68% of CEOs, data security and privacy require the most improvement to encourage the implementation of blockchain technology.[3]
  • 93% of the pioneers said they saw a strong economic rationale for using blockchain-based cryptocurrencies and other digital assets inside their firms.[3]
  • By not adopting blockchain, 97% of pioneers feel their company would miss out on the potential for competitive advantage, while 93% think it will pave the way for new income streams.[3]
  • Approximately 96% of financial services pioneers think blockchain is a globally scalable solution that has already attained mainstream acceptance, according to a Deloitte survey on the market adoption of blockchain in 2021.[3]
  • According to a 2019 Deloitte report on the blockchain sector, 86% of tech-savvy executive teams think blockchain has considerable commercial potential.[3]
  • By 2017, there were around 300 transactions in the blockchain ecosystem, accounting for over 300 million transactions.[3]
  • Global Newswire said that the market for blockchain technology in manufacturing expanded from 49.50 million in 2021 to 85.64 billion in 2022.[3]
  • The growth in Blockchain represents a compound annual growth rate of 68.4% from 2021 to 2026.[3]
  • 51% of respondents believe blockchain technology and digital assets are valuable for validating signatures and signing contracts.[3]
  • About 36% of respondents said the blockchain would be crucial for regulatory compliance, and 34% said it would increase their capacity to track money flows.[3]
  • According to 68% of survey participants, today’s regulatory environment needs to improve security and data privacy.[3]
  • Around 45% of all FSI respondents in the Deloitte 2021 blockchain study agreed that blockchain would be crucial to the safe transmission of information in the digital environment.[3]
  • According to the Deloitte global blockchain survey for 2021, 52% of all FSI respondents think blockchain has great potential for confirming consumer billing instructions and preventing fraud.[3]
  • By 2030, the worldwide blockchain industry will be valued at $1,315.4 billion, expanding at almost 85.9%.[3]
  • Blockchain is especially relevant since 61% of businesses prioritise digital transformation activities for development.[3]
  • Access to more particular research statements like HMB research will be permitted from 40% of restricted data suppliers.[4]
  • Scenario 2 mimics permission forms with 40% open, 40% restricted, and the remaining 20% extremely restrictive data sources.[4]
  • Data suppliers provide permission statements, 30% of which are open, 30% of which are restricted, and 40% of which are very restrictive.[4]
  • There is a rigorous access restriction by the permission model since just 30% of data providers are accessible, while the rest is very restricted.[4]
  • Compared to 18% in 2019, 37% in 2020, and 11% in 2021, 49% of fraud complaints to the FTC using cryptocurrencies as the payment method said that the scheme originated on social media.[5]
  • 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 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]
  • The cryptocurrency was reported as having been used to pay for 39% of that total, followed by bank transfer or payment at 20% and wire transfer at 9%.[5]
  • Over three times as many people aged 20 to 49 reported losing cryptocurrencies to con artists.[5]
  • The most popular cryptocurrencies utilized to pay con artists were bitcoin 70%, tether 10%, and ether 9%.[5]
  • Cryptocurrency was the most severely affected, accounting for 35% of their recorded fraud losses since 2021.[5]
  • By 2020, the financial sector will account for around 30% of the global market value of blockchain, but the technology will be used in almost every area, from agriculture to healthcare.[6]
  • Over 60% of respondents mentioned a budget of at least one million U.S. dollars for distributed ledger technology.[6]
  • About 19 billion us dollars will be spent on blockchain solutions globally by 2024, up from 4.5 billion us dollars in 2020.[6]

Also Read

How Useful is Blockchain Platforms

At its core, a blockchain is a decentralized, distributed database that records transactions across a network of computers. This means that there is no central authority or single point of failure, making it highly resistant to tampering and fraud. Additionally, each transaction is encrypted and linked to previous transactions, creating a transparent and immutable ledger.

One of the key benefits of blockchain platforms is their ability to streamline complex processes, eliminating intermediaries and reducing the time and costs associated with traditional transactions. Smart contracts, for example, enable automatic execution of agreements when predefined conditions are met, cutting out the need for expensive intermediaries such as lawyers or brokers.

Furthermore, blockchain technology enhances security by providing cryptographic verification of transactions and protecting sensitive data from unauthorized access. This is particularly crucial in industries such as finance, healthcare, and supply chain management, where the integrity and confidentiality of data are paramount.

In addition to efficiency and security, blockchain platforms offer greater transparency by enabling real-time monitoring and audit trails of transactions. This not only builds trust among stakeholders but also ensures compliance with regulations and standards.

Despite these promising features, the usefulness of blockchain platforms is not without limitations. One of the biggest challenges facing blockchain adoption is scalability. The larger the network, the more computing power is required to validate transactions, leading to slower processing speeds and increased energy consumption.

Moreover, while blockchain technology ensures the accuracy and immutability of data, it doesn’t guarantee the accuracy of the data that is inputted into the system. Inaccurate or fraudulent information can still be entered into a blockchain, compromising the integrity of the entire network.

Another issue to consider is the potential for regulatory and legal challenges. As blockchain platforms operate independently of central authorities, they may encounter resistance from governments and regulatory bodies seeking to ensure compliance and oversight.

Despite these challenges, the potential applications of blockchain technology are vast and varied. From supply chain management and voting systems to healthcare records and digital identity verification, blockchain platforms have the potential to revolutionize countless industries.

In conclusion, the usefulness of blockchain platforms is undeniable, offering unparalleled security, transparency, and efficiency. While challenges such as scalability, data accuracy, and regulatory hurdles remain, the advantages of blockchain technology far outweigh the drawbacks. As industries continue to explore and implement blockchain solutions, the true value of this transformative technology will undoubtedly become increasingly apparent.

Reference

  1. chainalysis – https://blog.chainalysis.com/reports/2021-global-crypto-adoption-index/
  2. wikipedia – https://en.wikipedia.org/wiki/Blockchain
  3. findstack – https://findstack.com/blockchain-statistics/
  4. ieee – https://ieeexplore.ieee.org/document/9159120
  5. ftc – https://www.ftc.gov/news-events/data-visualizations/data-spotlight/2022/06/reports-show-scammers-cashing-crypto-craze
  6. statista – https://www.statista.com/topics/5122/blockchain/

Leave a Comment