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Potential annual savings for the largest 8 banks utilizing blockchain technology Anticipated market CAGR between 2016 and 2024 Source: Transparency Market Research 58.7% Source: McKinsey & Company of North American & European banks exploring blockchain Invested globally in blockchain start- ups in 2016 Source: PWC Source: PWC 90% 50% of banks are working with a technology company to augment their blockchain capabilities Source: Let’s talk Payments Spend on blockchain technology by capital markets firms in 2016 Source: Greenwich Associates Expected spending from banks on distributed ledger technology by 2019 $1M MILLION 5 YEARS $1.4B MILLION Time expected for blockchain to reach its full potential Source: McKinsey & Company POTENTIAL COST SAVINGS ON COMPLIANCE 30-50% $8B BILLION PLUS 70% Potential cost savings on business operations Source: Accenture Expected value of global blockchain market by the end of 2024 Facts about Blockchain Technology 12 $20B BILLION $280M MILLION $400M MILLION Source: Let’s talk Payments Average investment in blockchain project in 2017 www.tradeix.com www.tradeix.com
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12 Facts about Blockchain Technology - TradeIX · Source: Accenture Expected value of global blockchain market by the end of 2024 Facts about Blockchain Technology 12 $20B BILLION

Jul 27, 2020

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Page 1: 12 Facts about Blockchain Technology - TradeIX · Source: Accenture Expected value of global blockchain market by the end of 2024 Facts about Blockchain Technology 12 $20B BILLION

Potential annual savings for the largest 8 banks utilizingblockchain technology

Anticipated market CAGR between

2016 and 2024

Source: Transparency Market Research

58.7%

Source: McKinsey & Company

of North American & European banks exploring blockchain

Invested globallyin blockchain start-ups in 2016

Source: PWC

Source: PWC 90%50%

of banks are working with atechnology company to augment

their blockchain capabilitiesSource: Let’s talk Payments

Spend on blockchaintechnology by capital markets firms in 2016Source: Greenwich Associates

Expected spending from banks on distributed ledger technology by 2019

$1MMILLION

5YEARS

$1.4BMILLION

Time expected for blockchainto reach its full potentialSource: McKinsey & Company

POTENTIAL COST SAVINGS ON COMPLIANCE

30-50%

$8BBILLION PLUS

70%Potential cost savingson business operations

Source: Accenture

Expected value of global blockchain market

by the end of 2024

Facts

aboutBlockchain Technology

12

$20BBILLION

$280MMILLION

$400MMILLION

Source: Let’s talk Payments

Average investment in blockchain

project in 2017

www.tradeix.com

www.tradeix.com