Cisco expects $10B blockchain market by 2021, 10% of world GDP stored on-chain by 2027

posted 5 months ago
One of the largest tech conglomerates in the world, US based Cisco, suggested that blockchain has the potential to hold as much as 10% of the world’s GDP. This means that several trillion dollars worth of value could be stored on blockchains by 2027.

Cisco identified transparency as one of the main problems enterprises face today, especially those in global supply chains. A rough estimate showed that US-based semiconductor companies lose $7.5 billion each year due to counterfeiting. Cisco expects over $9 billion spent annually on blockchain projects by 2021. Blockchain technology’s ability to “automate trust” has made it attractive to most companies in digital commerce.
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