Here I got the list of things that I think everyone should know when we talk about Blockchain. These facts won’t just assist you with comprehending this new technology, but it might even prepare you for your next incidental data hour or business trade.

Let’s take a look…

1. Bitcoin is a kind of money exchange system that further established blockchain technology. And, today it has more than 8 million accounts and developed by over 100% every year since it started in 2010. The individual or the team behind the service is known by the pen name Satoshi Nakamoto, but the person’s real identity is covered in secrecy.
2. Just 0.5% of the world’s population is leveraging Blockchain technology nowadays, but 50% or you can say utilizing blockchain today and 3.77 billion people use the internet.
3. In the last five years, VCs have financed more than $1 billion into Blockchain companies.
4. The worldwide blockchain market is predicted to be worth $20 billion by 2024.
5. 90% of North American and European banks are investigating blockchain technology solutions. There is a huge investment by big tech giants nowadays, for example, IBM and Microsoft in blockchain technology. IBM commits $200 million and 1,000 workers to blockchain-powered projects. The normal investment in blockchain projects is near about $1 million.
6. As far as development is the main concern, Blockchain is where the internet was 20 years before.
7. A blockchain is most vulnerable to a breach when it originally comes on the web.

So, it’s an ideal opportunity to gain proficiency with everything you know about Blockchain technology. Get your team on the project and let them figure out what opportunities will make sense and which one to grab for your business.