Five Blockchain Use Cases Might Boost Global GDP by USD 1.76T - PwC
Driven by need for trust in digital world, blockchain technology is expected to boost global gross domestic product (GDP) by more than a trillion dollars, estimated professional services network PwC, and will do so through five major use cases.
PwC's latest report, titled "Time for trust: The trillion-dollar reasons to rethink blockchain," discussed the top five uses of blockchain driving its adoption, and their economic impact.
In the order of their potential to generate economic value, these use cases are:
- Provenance
Potential boost to global GDP by 2030: USD 962bn
Blockchain enables organizations and customers to track the movements of a product and identify its origin, and transparency allows for enhanced customer safety and trust, ethical responsibility, environmental friendliness, etc.