Block chain market in the annual composite growth rate of 42.8%, how to draw? _ Block Chain

According to the three-party circulation platform forecast, by 2022, the global block chain market size will reach 13.96 billion U.S. dollars. In 2017-2022, the market grew at an annual compound rate of 42.8%.

The report argues that in the financial sector, the application of block chain technology is expanding, mainly including financial transactions and cross-border payments.

At the same time, the integration of block chain technology with medical, retail, supply chain, energy, media and other industries is accelerating. Among them, the retail and supply chain management is the largest application department, but also the fastest growing sector.

At present, based on the user's accessibility, the application of block chain consists of three types of public chain, private chain and alliance chain.

From a patent standpoint, the United States still occupies a major part of the global block chain patent application. Of these, half of all patent applications are for the financial sector.

Because block-chain technology can bring less time consumption, higher transparency and lower transaction costs, it is increasingly welcomed and accepted by financial enterprises. These companies plan to use part of their investment in the development of distributed accounting books, such as Block chains, which will be the main engine of growth in the block chain market.