10% of world GDP will be stored in blockchain by 2026
A report prepared by the World Economic Forum also states that by 2030 the world's trade will be handled mostly with this technology
It is expected that at least 10% of the Gross Domestic Product (GDP) of the world will be stored in different blockchains by 2026.
This was stated by a Saudi media outlet, which used data published by the World Economic Forum in its report “Building block (chains) for a better planet”, carried out in collaboration with the audit firm PwC.
“The blockchain has received a great publicity hype about its potential to create a far-reaching impact, and proponents project it could represent up to 10% of global GDP by 2025″.
There has been considerable skepticism regarding its performance and the scalability that has so far prevented serious competition from centralized systems, the report said.
This technology has great appeal in the fight against infringements in cybersecurity, experts say that the blockchain is in its incipient phase at this time. This technology will help countries to replace government systems based on paper by digital systems.
On the other hand, by the year 2030, it is expected that commerce in the world will be handled mostly with blockchain technology. While it has the potential to become a dominant technology, if it is to revolutionize our global environment it must be implemented in the right areas”.
K. Tovar
Source: Coincrispy
