Blockchain technology is transforming the foundations of economic and social systems and its full integration will likely take years or decades. Bitcoin pioneered blockchain by creating a digital currency system with over 8 million users growing 100% annually. Major companies like IBM and Microsoft are significantly investing in blockchain with IBM dedicating $1 billion and 1,000 employees to projects. The global blockchain market is expected to reach $20 billion by 2024 with 90% of major banks exploring solutions.

1. Amazing Things Everyone
Should Know About Blockchain

2. Although there’s debate about how long it will take for this
statement to come true, since we’re in the midst of the
blockchain transformation, most industry experts concur that’s
where we’re headed. The impact of blockchain technology
will be enormous. Because it is changing the foundation of
our economic and social systems, full integration into our
infrastructure will likely take years if not decades.

3. Amazing Things About Blockchain

4. Bitcoin, a money exchange system, pioneered blockchain
technology and today, it has more than 8 million accounts
and grew by more than 100% per year since it began in
2010. The person or team behind the service is known by
the pseudonym Satoshi Nakamoto, but the entity’s real
identity is cloaked in secrecy.

5. Blockchains can be public (like the internet) or private
(like an intranet).
Only 0.5% of the world’s population is using blockchain
today, but 50% or 3.77 billion people use the internet.

6. There is significant investment by today’s tech giants such
as IBM and Microsoft in blockchain technology. IBM
dedicates $200 million and 1,000 employees to
blockchain-powered projects. The average investment in
blockchain projects is $1 million.

7. Over the last five years, VCs have invested more than $1
billion into blockchain companies.
The global blockchain market is expected to be worth
$20 billion by 2024.

8. 90% of major North American and European banks are
exploring blockchain solutions.
Blockchains are highly transparent, because anyone with
access to a blockchain can view the entire chain.

9. 9 out of 10 agree that blockchain will disrupt the banking
and financial industry. It is estimated that banks could
save $8-12 billion annually if they used blockchain
technology.
One-third of C-level executives are considering adopting
or are using blockchain technology.