Blockchain investments in energy will reach $ 35 billion by 2025

According to research by Premium Market Insights, global blockchain investments in energy markets will reach $ 34.7 billion by 2025.

In the energy sector, blockchain is commonly used for data management, finance control, and communications. In 2016, the sector was valued at only $ 156.5 million, and the current forecast for annual growth is 82%.

According to PMI, the main driver for integrating technology is to reduce operating and capital expenditures, while increasing the level of automation and the importance of data security..

Blockchain investments in energy will reach $ 35 billion by 2025

However, the company’s analysts note that the expected performance may be affected by  the consequences of the coronavirus pandemic and the crisis in the oil markets.

Premium Market Insights estimates roughly match JPMorgan’s forecast that the global transition to blockchain technology should take place in 3-5 years.

text: Ivan Malichenko, photo: Unsplash

Blockchain investments in energy will reach $ 35 billion by 2025

Similar articles