Predicted to grow to around $164billion by 2029, the blockchain market won’t be slowing down anytime soon. To put that huge number into context, in 2022 the global blockchain market was valued at $7.18billion. That’s a compound annual growth rate (CAGR) of 56.3%. 

Described as “a mathematical framework that is free of politics and human error” by American investor and cryptocurrency exchange founder Tyler Winkelvoss - along with cryptocurrency, blockchain offers an alternative to our current finance system and as such is popular with those who want to operate outside of traditional rules.

Unlike cryptocurrency, however, much of blockchain’s success is down to its perceived reliability. In an HBR article ‘The truth about blockchain’, the authors stated that “with blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision”.

The problem is, even with all this success and promise, blockchain is facing a potential identity crisis. 

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Read the full blog here: 
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The benefits of multi-vendor blockchain node hosting – servers.com

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The benefits of multi-vendor blockchain node hosting – servers.com

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