Blockchain Use in Health Care to Generate $16.3B by 2031
SDxCentral August 24, 2022
Blockchain’s perceived value seems to be wavering with significant polarity. While recently adopted use cases like VMware’s Blockchain Group and MEF’s implementation of smart contracts are giving it more credence, blockchain remains a technology of pending skepticism.
Part of this teetering traction may stem from a lack of conceptual understanding and an under-informed association with Bitcoin, even up in the C-suites. This year GlobalData’s Q2 Emerging Trends Survey reported that 41.4% of execs reported to either not know about blockchain’s substance or attribute it to puffery.
Despite this confusion, the Blockchain Technology in Health Care Market generated $531.19 million last year, and Allied Market Research projects this to hit $16.3 billion by 2031, with a compound annual growth rate...