Report: Blockchain in Manufacturing Market Will Be Worth $500 Million by 2025
“A recent report by technology research company ReportLinker shows that blockchain technology in the U.S. manufacturing sector is expected to grow significantly from 2020–2025.
While preparing the report, the authors split blockchain usage by application, end use, and territory. The study then divided the blockchain in manufacturing market based on end use into energy and power, industrial, automotive, pharmaceuticals, aerospace & defense, food and beverages, textile and clothing, and other sectors.
According to the research, the blockchain in manufacturing market is expected to be worth $30 million by 2020 and grow at a compound annual growth rate of 80 percent to $566 million by 2025. Per the report, blockchain will simplify business processes and ensure transparency and immutability, while eliminating intermediaries in logistics and supply chains…”
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