Blockchain technology is forecast to increase to nearly 1,000 trillion U.S. dollars by 2032, but this was lower than in a previous forecast. This is according to a market research forecast, focusing on blockchain with cloud applications for specific business segments. The numbers do not include decentralized applications such as blockchain gaming. Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent. The source does not explain this difference.
Bitcoin's blockchain size was close to reaching 5450 gigabytes in 2024, as the database saw exponential growth by nearly one gigabyte every few days. The Bitcoin blockchain contains a continuously growing and tamper-evident list of all Bitcoin transactions and records since its initial release in January 2009. Bitcoin has a set limit of 21 million coins, the last of which will be mined around 2140, according to a forecast made in 2017. Bitcoin mining: A somewhat uncharted world Despite interest in the topic, there are few accurate figures on how big Bitcoin mining is on a country-by-country basis. Bitcoin's design philosophy is at the heart of this. Created out of protest against governments and central banks, Bitcoin's blockchain effectively hides both the country of origin and the destination country within a (mining) transaction. Research involving IP addresses placed the United States as the world's most Bitcoin mining country in 2022 - but the source admits IP addresses can easily be manipulated using VPN. Note that mining figures are different from figures on Bitcoin trading: Africa and Latin America were more interested in buying and selling BTC than some of the world's developed economies. Bitcoin developments Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 203 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin.
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Blockchain technology, first implemented by Satoshi Nakamoto in 2009 as a core component of Bitcoin, is a distributed, public ledger recording transactions. Its usage allows secure peer-to-peer communication by linking blocks containing hash pointers to a previous block, a timestamp, and transaction data. Bitcoin is a decentralized digital currency (cryptocurrency) which leverages the Blockchain to store transactions in a distributed manner in order to mitigate against flaws in the financial industry.
Nearly ten years after its inception, Bitcoin and other cryptocurrencies experienced an explosion in popular awareness. The value of Bitcoin, on the other hand, has experienced more volatility. Meanwhile, as use cases of Bitcoin and Blockchain grow, mature, and expand, hype and controversy have swirled.
In this dataset, you will have access to information about blockchain blocks and transactions. All historical data are in the bigquery-public-data:crypto_bitcoin
dataset. It’s updated it every 10 minutes. The data can be joined with historical prices in kernels. See available similar datasets here: https://www.kaggle.com/datasets?search=bitcoin.
You can use the BigQuery Python client library to query tables in this dataset in Kernels. Note that methods available in Kernels are limited to querying data. Tables are at bigquery-public-data.crypto_bitcoin.[TABLENAME]
. Fork this kernel to get started.
Allen Day (Twitter | Medium), Google Cloud Developer Advocate & Colin Bookman, Google Cloud Customer Engineer retrieve data from the Bitcoin network using a custom client available on GitHub that they built with the bitcoinj
Java library. Historical data from the origin block to 2018-01-31 were loaded in bulk to two BigQuery tables, blocks_raw and transactions. These tables contain fresh data, as they are now appended when new blocks are broadcast to the Bitcoin network. For additional information visit the Google Cloud Big Data and Machine Learning Blog post "Bitcoin in BigQuery: Blockchain analytics on public data".
Photo by Andre Francois on Unsplash.
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Digital finance, cryptocurrency and blockchain data in support of the EU Legislative Framework on crypto assets, digital currencies and blockchains, such as Establishment of the Digital Euro and Markets in Crypto-assets . On-chain and off-chain data including cryptocurrency distribution metrics. Transaction data by cohort, crypto exchange in- and outflows and block-specific data.
In 2020, the distribution of the global blockchain market revenue was heavily distributed towards the banking industry, which has a market share of almost 30 percent. While process manufacturing accounted for 11.4 percent of worldwide blockchain spending. Overall, the global spending on blockchain solutions is continued to grow in the upcoming years.
Blockchain technology
Simply put, blockchain is a distributed ledger technology, which creates assurance between trading partners, especially in trades that occur with cryptocurrency. For example, in the case of Bitcoin and Ethereum, blockchain is the technology that allows for the transfer of these cryptocurrencies, providing confidence in financial transactions. This additional confidence through the usage of blockchain comes from the reduced fraud, increased financial inclusion, and decreased costs. This leads to the simplification of cross-border payments and settlements, which has the potential to change the global banking industry as we know it.
Blockchain and Bitcoin Blockchain and Bitcoin have a symbiotic relationship as blockchain technology was created to be a database structured into “blocks” of data that is linked, or in other words, “chained”, to other sets of data. The blockchain technology stores the Bitcoin transactions in a continuous linked structure, that continues to increase with time and each transaction. Hence, with the increased popularity of Bitcoin comes the increased importance of the growing Bitcoin blockchain, which is visible in the increased number of blockchain wallet users worldwide in the past few years alone.
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Blockchain Market size was valued at USD 24.20 Bn in 2024, and is expected to reach USD 301.02 Bn by 2030, due to the rising adoption of digital payments.
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Blockchain Statistics: Blockchain refers to the growing list of records accumulated with the help of cryptographic hashes. The basic concept based on cryptocurrency deals with securing a compiled list of data and its nodes. Blockchain nodes are recorded, meaning that they cannot be edited retroactively once the data is stored.
Decentralization and peer-to-peer networks are the primary basis of blockchain, ensuring that data is shared on a P2P (peer-to-peer) basis. Based on blockchain statistics, let's go through various technological developments in the field.
A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrencies are generally fiat currencies, as they are not backed by or convertible into a commodity. Some crypto schemes use validators to maintain the cryptocurrency. In a proof-of-stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakes get additional ownership in the token overtime via network fees, newly minted tokens, or other such reward mechanisms.
Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database
A cryptocurrency is a tradable digital asset or digital form of money, built on blockchain technology that only exists online. Cryptocurrencies use encryption to authenticate and protect transactions, hence their name. There are currently over a thousand different cryptocurrencies in the world, and many see them as the key to a fairer future economy.
Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrencies have been created.
This Dataset is a collection of records of 3000+ Different Cryptocurrencies. * Top 395+ from 2021 * Top 3000+ from 2023
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This Data is collected from: https://finance.yahoo.com/. If you want to learn more, you can visit the Website.
Cover Photo by Worldspectrum: https://www.pexels.com/photo/ripple-etehereum-and-bitcoin-and-micro-sdhc-card-844124/
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According to Cognitive Market Research, the global blockchain market size is USD 7.4. billion in 2024 and will expand at a compound annual growth rate (CAGR) of 66.2% from 2024 to 2031. Market Dynamics of Blockchain Market
Key Drivers for Blockchain Market
Greater need for transparency- The demand for blockchain is driven because it is possible for everyone in the network to see the history of every transaction in real time; blockchain provides unrivaled transparency. Particularly in the banking, real estate, and law sectors, blockchain technology has the potential to improve operations, cut costs, and eliminate intermediaries in financial transactions.
One major factor in blockchain’s market increasing popularity is the cryptocurrency market.
Key Restraints for Blockchain Market
The market can face significant challenges in the coming years due to a lack of knowledge; existing legacy systems can be difficult and expensive to integrate with the blockchain market.
Another factor that restricts the market’s expansion is the presence of rigid government requirements and complicated systems.
Introduction of the Blockchain Market
Blockchain is a decentralized database system that enables immutable, worldwide storage of data across thousands of machines with near-real-time visibility into all network transactions. The market is expected to be driven by secure and transparent transactions, which are the main drivers of the blockchain market and are affecting many different businesses. Industries such as healthcare, supply chains, and finance are driving the use of blockchain technology due to its enhanced traceability, transparency, and security features. Also contributing to the market’s expansion are developments such as the proliferation of digital currencies and the increasing funding for blockchain businesses. The demand for more openness and security is propelling the blockchain business because the former guarantees the authenticity of data, and the latter makes efficient analysis possible. One of the main reasons the blockchain business is predicted to grow in the next years is the increasing number of connected devices.
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Enterprise Blockchain Market was valued at $9.64 billion in 2023, and is predicted to reach $145.9 billion by 2030.
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The global blockchain technology market is projected to increase from a size of US$ 19.7 billion in 2024 to 2,450.4 billion by the end of 2034, expanding rapidly at a CAGR of 62% between 2024 and 2034.
Report Attributes | Details |
---|---|
Blockchain Technology Market Size (2024E) | US$ 19.7 Billion |
Projected Market Value (2034F) | US$ 2,450.4 Billion |
Global Market Growth Rate (2024 to 2034) | 62% CAGR |
China Market Value (2034F) | US$ 268.9 Billion |
Canada Market Growth Rate (2024 to 2034) | 62.7% CAGR |
North America Market Share (2024E) | 23.9% |
East Asia Market Value (2034F) | US$ 566 Billion |
Key Companies Profiled |
|
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 2.1 Billion |
Growth Rate (2024 to 2034) | 62.7% CAGR |
Projected Value (2034F) | US$ 271.5 Billion |
Attribute | China |
---|---|
Market Value (2024E) | US$ 2.2 Billion |
Growth Rate (2024 to 2034) | 62% CAGR |
Projected Value (2034F) | US$ 268.9 Billion |
Category-wise Insights
Attribute | Infrastructure & Protocols |
---|---|
Segment Value (2024E) | US$ 11.8 Billion |
Growth Rate (2024 to 2034) | 60.9% CAGR |
Projected Value (2034F) | US$ 1,370 Billion |
Attribute | Public Cloud |
---|---|
Segment Value (2024E) | US$ 12.2 Billion |
Growth Rate (2024 to 2034) | 60.6% CAGR |
Projected Value (2034F) | US$ 1,390 Billion |
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The global blockchain technology market size was estimated at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, growing at a CAGR of 90.1% from 2025 to 2030
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Digital Currency Statistics: Digital currency, also known as cryptocurrency, is a type of virtual money based on blockchain technology.
Offering decentralization, cryptographic security, and various forms like cryptocurrencies (e.g., Bitcoin, Ethereum).
Central bank digital currencies (CBDCs), stablecoins, and tokenized assets. Transactions are secured through cryptography, and ownership is verified using private and public keys.
Digital currencies have use cases in online transactions, remittances, and investments. Cross-border transfers are characterized by price volatility and face regulatory scrutiny. They rely on consensus mechanisms like mining or proof-of-stake for transaction validation.
Despite challenges, they continue to innovate, attracting investment and reshaping the financial landscape with applications like decentralized finance (DeFi) and non-fungible tokens (NFTs) while undergoing varying degrees of global adoption.
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The Blockchain Solutions market has rapidly emerged as a transformative force across various industries, revolutionizing how businesses operate, share data, and ensure security. Defined as a decentralized digital ledger technology, blockchain provides a secure and transparent means of recording transactions, enablin
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Bitcoin and other cryptocurrencies have captured the imagination of technologists, financiers, and economists. Digital currencies are only one application of the underlying blockchain technology. Like its predecessor, Bitcoin, the Ethereum blockchain can be described as an immutable distributed ledger. However, creator Vitalik Buterin also extended the set of capabilities by including a virtual machine that can execute arbitrary code stored on the blockchain as smart contracts.
Both Bitcoin and Ethereum are essentially OLTP databases, and provide little in the way of OLAP (analytics) functionality. However the Ethereum dataset is notably distinct from the Bitcoin dataset:
The Ethereum blockchain has as its primary unit of value Ether, while the Bitcoin blockchain has Bitcoin. However, the majority of value transfer on the Ethereum blockchain is composed of so-called tokens. Tokens are created and managed by smart contracts.
Ether value transfers are precise and direct, resembling accounting ledger debits and credits. This is in contrast to the Bitcoin value transfer mechanism, for which it can be difficult to determine the balance of a given wallet address.
Addresses can be not only wallets that hold balances, but can also contain smart contract bytecode that allows the programmatic creation of agreements and automatic triggering of their execution. An aggregate of coordinated smart contracts could be used to build a decentralized autonomous organization.
The Ethereum blockchain data are now available for exploration with BigQuery. All historical data are in the ethereum_blockchain dataset
, which updates daily.
Our hope is that by making the data on public blockchain systems more readily available it promotes technological innovation and increases societal benefits.
You can use the BigQuery Python client library to query tables in this dataset in Kernels. Note that methods available in Kernels are limited to querying data. Tables are at bigquery-public-data.crypto_ethereum.[TABLENAME]
. Fork this kernel to get started.
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Survey of advanced technology, applications related to blockchain or distributed ledger technologies, by North American Industry Classification System (NAICS) and enterprise size for Canada and certain provinces, in 2022.
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WannaCry Bitcoin Cash-in and Cash-out payment network data in JSON along with STIX representation of address 12t9YDPgwueZ9NyMgw519p7AA8isjr6SMw12t9YDPgwueZ9NyMgw519p7AA8isjr6SMw
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Bitcoin Statistics: In 2024, Bitcoin experienced significant milestones, reaching an all-time high of USD 108,268 on December 17, 2024, before closing the month at USD 93,429. This surge was influenced by the U.S. presidential election, where President-elect Donald Trump pledged to integrate cryptocurrencies into mainstream financial systems and establish a strategic Bitcoin reserve. The year also saw the approval of Bitcoin spot ETFS, with major financial institutions like BlackRock and Fidelity launching these products, contributing to increased institutional investment.
Notably, over 70% of institutional investors indicated plans to invest in digital assets in 2024. Additionally, Bitcoin underwent its fourth halving in April 2024, reducing the block subsidy from 6.25 BTC to 3.125 BTC per block, which significantly impacted miners' revenue. Despite these challenges, Bitcoin's price has increased by 33% since the halving, demonstrating resilience and growing adoption in the financial sector. ​
The article summarises Bitcoin statistics and trends that are earmarked to give enthusiasts and traders a quick overview.
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This dataset contains bitcoin transfer transactions extracted from the Bitcoin Mainnet blockchain. Details of the datasets are given below: FILENAME FORMAT: The filenames have the following format: btc-tx- where For example file btc-tx-100000-149999-aa.bz2 and the rest of the parts if any contain transactions from block 100000 to block 149999 inclusive. The files are compressed with bzip2. They can be uncompressed using command bunzip2. TRANSACTION FORMAT: Each line in a file corresponds to a transaction. The transaction has the following format: BLOCK TIME FORMAT: The block time file has the following format: IMPORTANT NOTE: Public Bitcoin Mainnet blockchain data is open and can be obtained by connecting as a node on the blockchain or by using the block explorer web sites such as https://btcscan.org . The downloaders and users of this dataset accept the full responsibility of using the data in GDPR compliant manner or any other regulations. We provide the data as is and we cannot be held responsible for anything. NOTE: If you use this dataset, please do not forget to add the DOI number to the citation. If you use our dataset in your research, please also cite our paper: https://link.springer.com/chapter/10.1007/978-3-030-94590-9_14 @incollection{kilicc2022analyzing, title={Analyzing Large-Scale Blockchain Transaction Graphs for Fraudulent Activities}, author={K{\i}l{\i}{\c{c}}, Baran and {"O}zturan, Can and {\c{S}}en, Alper}, booktitle={Big Data and Artificial Intelligence in Digital Finance}, pages={253--267}, year={2022}, publisher={Springer, Cham} }
Blockchain Market in Supply Chain Industry Size 2024-2028
The blockchain market in supply chain industry size is forecast to increase by USD 7.55 billion at a CAGR of 53.59% between 2023 and 2028.
The market is experiencing significant growth due to several key trends. The increasing number of cargo thefts and the need for enhanced security measures are driving the adoption of blockchain technology. Additionally, the advent of blockchain-as-a-service models is making it more accessible and cost-effective for businesses. However, the high initial setup and implementation costs of blockchain remain a challenge for some organizations. Despite this, the benefits of increased transparency, improved traceability, and enhanced security are compelling many supply chain companies to invest in this technology. As the market continues to evolve, it is expected that blockchain will become an essential tool for ensuring the integrity and security of global supply chains.
With its decentralized and immutable nature, blockchain offers a secure and transparent solution for tracking and verifying the authenticity of goods, from production to delivery. This technology is poised to revolutionize the way businesses manage their supply chains in e-commerce, reducing fraud, increasing efficiency, improving customer trust, and leveraging analytics to optimize decision-making and streamline operations.
What will be the Size of the Blockchain Market in Supply Chain Industry During the Forecast Period?
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The market is experiencing significant growth due to the adoption of distributed ledger technology for enhancing transparency, eliminating middlemen, and ensuring secure and automated information flow. Various sectors, including healthcare institutions, are leveraging this technology to improve supply chain management and product traceability. Distributed ledgers enable digital database records that are immutable and secure, reducing the need for central middlemen and streamlining payment and settlement processes. Blockchain technology offers benefits such as counterfeit detection, smart contracts, and origins tracing, making it an attractive solution for industries like manufacturing, oil and gas, and others.
Regulatory acceptance is also increasing, further boosting market momentum. The blockchain platform provides a secure and efficient ecosystem for transactions and information flow, enhancing the overall efficiency and reliability of supply chain operations. Security remains a top priority, with blockchain's decentralized nature offering strong protection against cyber threats. The market is expected to continue growing as more industries recognize the potential of this transformative technology.
How is this Blockchain in Supply Chain Industry segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Public
Private
Hybrid
Application
Transportation
Warehousing
Others
Geography
North America
Canada
US
Europe
Germany
UK
APAC
China
South America
Middle East and Africa
By Type Insights
The public segment is estimated to witness significant growth during the forecast period. The blockchain market in the supply chain industry has witnessed significant growth, particularly in the public cloud segment. In 2023, this segment dominated due to the increasing globalization and expansion of sectors like IT, BFSI, and pharmaceuticals. Public blockchains, which allow anyone to participate in the consensus process, are secured by crypto economics and are fully decentralized. This technology enhances transparency, eliminating the need for middlemen in various industries, including healthcare institutions. Distributed ledger technology provides end-to-end visibility, enabling real-time data sharing for sectors like FMCG and APAC enterprises. Blockchain's application extends to settlement services, legal services, insurance services, and transportation management.
It offers smart contracts, anti-counterfeiting solutions, and product traceability, ensuring authenticity and quality. The technology's digital database records, smart devices, and real-time data facilitate faster delivery, temperature measurements, and shipment position updates. Regulatory acceptance and the integration of AI, ML, and digital asset holdings further strengthen the technological ecosystem. SMEs and industry verticals like manufacturing, oil and gas, and retail can benefit from the increased market liquidity and data analytics for demand forecasting and inventory control.
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The
Blockchain technology is forecast to increase to nearly 1,000 trillion U.S. dollars by 2032, but this was lower than in a previous forecast. This is according to a market research forecast, focusing on blockchain with cloud applications for specific business segments. The numbers do not include decentralized applications such as blockchain gaming. Originally, a forecast from June 2022 predicted "blockchain technology" would reach 1,235 billion U.S. dollars by 2030, at a CAGR of 82.8 percent. A newer forecast from December 2023 predicts a value of 943 billion U.S. dollars in 2032 with a CAGR of 56.1 percent. The source does not explain this difference.