“Blockchain applications offer a large revenue opportunity and could significantly impact financial services, commerce, media, supply chain management, cybersecurity, and several other industries,” the study says. “The applications built on top of blockchain technology focus on markets exceeding several trillion dollars.”
SharePost Managing Director and Head of Research Rohit Kulkarni states that, “Blockchain has always been deemed a disruptive technology, but in quantifying its actual market potential, we hope/plan to showcase the possible impact this technology could have over the next several years. As such, blockchain is becoming increasingly important to individual and institutional investors who are looking to enter the markets most impacted by the technology.”
The report then goes on to suggest that, “Investing in publicly traded companies working with cryptocurrencies and blockchain technology offers people a less risky way to access digital assets.”
However, it adds that effective government regulations are required so that “companies and investors can gradually capture this value over the next decade.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.