Blockchain technology is a dispersed, supplied ledger that records the source of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cyber security and healthcare. The market size is projected to grow from 4.9 billion in 2021 to 67.4 billion by 2026 with a compound annual growth rate of 68.4% during the estimated period.
The key component contributing to the high growth rate of the blockchain market includes an increase in venture capital funding and investment in technology. For instance; the wide use of blockchain solutions in cybersecurity, high-level adoption of blockchain solutions for payment, smart contracts and digital identities.
B&F Services has experience working with the most successful UK blockchain technology companies helping them with marketing, business and financial planning. We work directly with entrepreneurs to scope out the market potential, perform financial modelling to arrive at a valuation, and develop marketing strategies moving forward.
If you have would like to know more about the blockchain industry or want to set up and expand your business please consult with our professionals on +44(0) 203 637 6137 or email us at Info@bandfbusinessplans.co.uk to help you and provide you with the support that you need.
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