Blockchain Takes a Breather (.PDF Download)

July 21, 2020
COVID-19 may have slowed blockchain’s strong momentum, but that hasn’t stopped it from helping out during the crisis.

After gathering positive momentum over the last few years, the push to integrate blockchain into more business and consumer applications began to slow slightly in 2020. At least some of the slowdown can be attributed to COVID-19, although a new ReporterLinker market report says there could be other factors at work.

In “Blockchain Services Global Market Report 2020-30: Covid 19 Growth and Change,” the company says that the global blockchain services market is expected to decline from $1.26 billion in 2019 to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of −15.8%.