Today IDC
published its Worldwide Semiannual Blockchain Spending Guide. IDC says that in 2018 global enterprise blockchain spending was $1.5 billion and forecasts a rise to $2.9 billion this year. The company expects spending to reach $12.4 billion by 2022 representing a compound growth rate of 76% from 2018 to 2022.
The top three sectors for spending in 2019 will be finance including insurance at $1.1 billion, manufacturing and resources sector ($653 million), and retail and professional services ($642 million).
In terms of use cases that will attract the most investment this year, IDC predicts they will be cross border payments and settlements ($453 million) as well
trade finance and post-trade settlement ($285 million).
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