
- Technology is expected to boost GDP by 2.4%
- By 2030, the technology will be used in 10 to 15% of global infrastructures.
The auditing and consulting firm claims the Blockchain can increase worldwide economic production by 1.76 trillion US dollars by 2030.
According to the Time for Trust report, this equals 1.4% of the worlds GDP. Within the next five years, experts believe that most businesses will be using this technology extensively.
All Industries, and all Areas, Benefit from Blockchain

Many uses are possible for this product:
- Documents can now be certified using blockchain technology.
- Data can be encrypted.
- You can create digital assets.
- Transactions that are forged-proof can be completed in real-time worldwide without the need for intermediaries.
The potential for public administration, education, and health efficiencies can bring in $ 574 billion more revenue by 2030.
"Blockchain technology is not exhausted if it is used internally. Blockchains greatest advantage is. It promotes trust among companies and allows an equal exchange that excludes middlemen."
The USA and China Are Pioneers in Technology
According to the analysis, during the next ten years, the Blockchain will have the most significant impact on the US and China.
The current IT infrastructures and qualified labor in Sweden might make the technology result in a three percent GDP growth. At 2.6%, Luxembourg will come next.
The ability to precisely identify provenance (proof-of-origin) of goods, raw resources, and medicines is what respondents believe Blockchains most significant potential is.
By 2030, it is expected that the application will contribute $962 billion to the Global Economy. While supply chain transparency is improved by proof of origin, fraud, and counterfeiting can be prevented.
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Blockchain: The Crypto Market is Developing Well
PwC predicts that blockchain and crypto assets solutions for financial instruments and payments will contribute significantly to the 433 billion US dollar increase in GDP.
The central banks of the world are looking at ways to improve national payment infrastructures using digital central bank money. In real-time, banks test stable coins to facilitate cross-border payments at low costs.
The cryptocurrency market had grown strongly since 2009 when Bitcoins were first introduced. The financial industry is increasingly interested in crypto assets.
These developments are still driven by regulation. "The current changes to the law regarding crypto-asset custody, electronic securities, and crypto-asset custody are institutionalizing the crypto industry," many previously reluctant market participants now recognize the possibilities that this field offers.
This is why Europe is playing a leading role in this field.
Since the start of the year, cryptocurrencies have been subject to strict regulation. Cryptocurrency assets have been safeguarded by authorized financial services since January.
Baffin, the organization in charge of financial supervision, must provide its consent. The EU Commission presented legislative ideas about crypto assets in September. There will be an implementation of "Regulation on Markets in Crypto Assets (Mica)".
Both providers and issuers of crypto assets can benefit from its legal clarity and security.
The auditing and consulting company PwC sees this as fostering trust and resolving significant problems. More than 276,000 professionals in 157 countries who offer sector-specific services like auditing, tax, and management consulting help to achieve this.