With technological advancements burgeoning, it is no surprise that the market of blockchain technology is growing at lightning speed. The blockchain market is projected to hit USD 39.7 billion by 2025 from USD 3 billion in 2020, at a CAGR of 67.3%. This rise will be due to the growing need of businesses to simplify their workflow, and while adapting to the new normal will also encourage the growth of blockchain development services. The significant increase in this sector is due...

Blockchain has emerged as a highly promising technology in the IT domain. It is an open, immutable, distributed public ledger that can be accessed by several parties involved in the transaction and acts as a universal depository of all transactions between the involved parties. The increasing acceptance of cryptocurrency worldwide is one of the major factors driving market growth. Commercial and central banks across the world are now using blockchain technology for payment processing and...