Study: Blockchain to boost global GDP by $1.7 trillion by 2030

Widespread adoption of blockchain could add about $1.7 trillion to the global economy over the next decade. The greatest benefits from the technology would accrue to Asian countries, according to a PwC study.

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According to experts, by 2030 blockchain will increase China’s GDP by $440 billion. Japan will gain an additional $72.3 billion, India $62.2 billion. These countries, along with Germany and the United Kingdom, will become leading centers of blockchain innovation.

Economic impact of blockchain by 2030. Source: PwC study.

The authors of the report assessed blockchain’s potential in health care, public administration and public services, manufacturing, finance, retail, and logistics. They expect most companies in these sectors to be using the technology in some form by 2025.

The greatest economic impact from using the technology is expected in supply chain traceability — $962 billion. The smallest is in customer acquisition, which will receive $54 billion. The largest beneficiaries will be public administration, education and healthcare — their combined benefits are projected at $574 billion.

Cambridge University выяснили that 43% of deployed corporate blockchains relate to the financial sector. Most projects require a long time to implement and are highly centralized.

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