2. Blockchain technology provides an opportunity for transparent

transaction processing in any domain as it supports track and trace

capability.

3 . With the Blockchain-as-a-Service paradigm, revenue generation models

can be evolved for offering various services (G2C, G2G, B2B, and so

on).

Blockchain business value, Worldwide 2017– 2030

1. Technology provides a platform for future economic development and

possible growth that is worthy of valuation. Gartner predicts that by

2022, many new innovative companies will start using blockchain

technology, and at least one business created using blockchain

technology will be worth $ 10 billion.

2. By 203 0, blockchain will be used as a foundational technology for 3 0%

of the global customer base that will be made up of things, and these

things will be used for conducting commercial activities.

3 . By 2025 , blockchain will add a business value that will grow to over

$ 17 6 billion. This would increase further to $ 3 .1 trillion by 203 0. Details

are given in figure 7.10.

Figure 7 .10 : Forecast: blockchain business value, worldwide 2017–2030 (Source: Gartner 2017)

Forecast on global blockchain government market by geography during

the period 2020– 2027 from Maximize Market Research Pvt. Ltd. is given