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PwC Report:Blockchain Can Give $1.7T Boost to Global Economy by 2030
Summary: Blockchain technology stands to boost the global economy by $1.7 trillion in the next decade with Asia seeing the most economic benefit, according to a new report by consulting company PricewaterhouseCoopers (PwC). PwC economists predict a turning point in 2025 if blockchain technologies are adopted at scale across the world, and expect blockchain applications to ...
Blockchain technology stands to boost the global economy by $1.7 trillion in the next decade with Asia seeing the most economic benefit, according to a new report by consulting company PricewaterhouseCoopers (PwC).
PwC economists predict a turning point in 2025 if blockchain technologies are adopted at scale across the world, and expect blockchain applications to boost global gross domestic product (GDP) by $1.76 trillion, (1.4% of global GDP) by 2030.
According to the report, blockchain will make the biggest impact on Asia’s economy with China, India and Japan driving adoption in the region. China stands to gain the highest potential net benefit at $440 billion, with the U.S. following at $407 billion. Germany, Japan, U.K., India and France are each estimated to benefit by more than $50 billion in the same period.
By Amy Liu
Tags: Blockchain,Economy,Global
Link: PwC Report:Blockchain Can Give $1.7T Boost to Global Economy by 2030 [Copy]