Crypto Frontline

A report released by researchandmarkets.com revealed that by 2025 companies are expected to spend on blockchain research more than $41 billion. Called “The United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)”, the report analyzed 11 industries from the US and applications of the blockchain technology in over 75 areas.

There’s already increased interest in the technology in various areas, as we’ve seen how the Vakt oil platform managed to attract big oil producers thanks to its use of the blockchain.

Record CAGR of 44.5%

The researchandmarkets.com projects a staggering increase in blockchain spending, estimating a compound annual growth rate (CAGR) of 44.5%. For 2019, the report expects $3.127 billion to be spent on development of new blockchain solutions. By the year 2025, the numbers are expected to reach $41.112 billion

This business intelligence report aims to analyze market opportunities and risks in blockchain technology and its applications in over 75 areas across 11 industries in the United States. This is a data-centric report, consisting of 185 charts and 150 tables, providing a detailed understanding of market dynamics.

Among the industries that made part of the research, we can mention banking & finance, defense & aerospace, healthcare & pharmaceuticals, and construction. Applications like cross-border payments, drug traceability, cybersecurity, IOT, fraud detection, risk management, contract management, and many others had been mentioned, emphasizing that the blockchain has a unique potential to increase productivity and revolutionize the world that we live in.

Blockchain up, cryptocurrency down?

Despite this increased optimism surrounding the blockchain technology, the situation is completely different when it comes to cryptocurrencies. Experts from the industry are beginning to make a separation between them since the blockchain could be integrated without any cryptocurrency.

Instability in terms of valuation and the immense amount of volatility seen between 2017 and 2018 had spooked investors and now cryptocurrencies continue to remain subdued.

Bitcoin is still struggling to break above the $4,000 area, and XRP continues to fall impulsively, despite news that it will be integrated into the WooCommerce platform. XRP is down more than 1% today, and Litecoin is close by the same amount. Even at these low valuations, how prices are performing is not suggesting there’s an increased interest from a majority of market participants. If things won’t get better, the gap between the blockchain integration and the use of cryptocurrencies will continue to get bigger and we could see some tokens starting to disappear.