Blockchain revolution is in full swing today. A large number of businesses have shifted their core concerns as Blockchain development services can help you secure and validate ownership in a digital asset or verify a transaction in a trustworthy manner. Hence, it becomes important for you to understand the Blockchain development industry deeply for your business growth. Here are some facts & stats of blockchain development to look out in 2018. For more, visit - https://bit.ly/2Mi1ruS

1. Facts & Stats of
Blockchain
Development in 2018
PixelCrayons

2. Some Stats about Blockchain

3. As per Statista, global
blockchain market is
predicted to reach
339.5M dollars.

4. Gartner sees IT spending at $3.7 trillion in AI,
Blockchain development & IOT.
2017
Spending
2017
Growth
2018
Spendi
ng
2018
Growth
2019
Spendin
g
2019
Growth
Enterprise
Software
355 8.9 389 9.5 421 8.4
Devices 667 5.7 704 5.6 710 0.9
IT Services 933 4.3 985 5.5 1030 4.6
Communication
Services
1393 1.3 1427 2.4 1443 1.1
Overall IT 3527 3.8 3683 4.5 3784 2.7

6. Here are some facts about Blockchain
• A great number of government bodies are
collaborating on potential benefits of blockchain
development.
• Insurance and finance sectors to experience deep
in blockchain development.
• Blockchain development is driving digital
transformation of various enterprises in automation
& privatization.
• Cybersecurity is also amplifying blockchain
development adoption.
• Asia & Middle East is aggressively pushing
blockchain development services in the banking
sector.
• The pace of ICOs is growing significantly faster-
overtaking venture capital funding.

7. Which Blockchain technologies are in demand?
• Ethereum: It is one of the most mature blockchain platforms available today which is known for its robust
smart contracting functionality and flexibility.
• Hyperledger Fabric: It is a B2B-focused Modular Blockchain Platform used to create enterprise-grade
distributed ledger frameworks and codebases.
• R3 Corda: It is the world's biggest financial institutions that has created an open-source distributed ledger
platform called Corda.
• Ripple: It aims to connect banks, payment providers, digital asset exchanges and corporates through
RippleNet, with nearly-free global transactions without any chargebacks.
• Quorum: It is designed to handle use-cases requiring high-speed and high-throughput processing of private
transactions, with a permissioned group of participants.

8. Future of Blockchain
Development
Blockchain solutions are still a way off from changing the world. Here, we have summarized top 5 Blockchain
development predictions for the coming years:
1. The utilization of zero-knowledge proofs will grow. It is a mathematical operation and a cryptographic tool that
allows one group to prove to another.
2. Blockchain will come out with its own asset-tracking tool. Using blockchain development, Tokenization serves the
purpose of identification and accessibility of the platform.
3. Proof-of-stake will be continually dominating the Blockchain consensus game. It is estimated that Bitcoin electric
consumption will trend toward equivalent consumption of the country of Denmark by the year of 2020
4. According to IDC (International Data Corporation), “By the year of 2019, 20% of all IoT deployments will have basic
levels of blockchain services enabled”. In fact, Blockchain and the IoT (Internet of Things) will be altogether.
5. Bitcoin is planning to implement the ‘rule of the law’. In addition, for automating business process operations,
Smart Contract is recognized as powerful tools.

9. Which industries are going to be benefitted
from blockchain?
• Financial Transactions
• Micro-payments
• Banking
• Supply Chain
• Crowdfunding
• Securities Trading
• Voting
• Healthcare
• Cloud Storage
• Virtual Property

10. Liked it?

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13. PixelCrayons
Providing Customized Blockchain Development Solutions Globally
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