One of the largest tech conglomerates in the world, US-based Cisco, recently issued a report highlighting the company’s enterprise-oriented blockchain platform. In the report, Cisco suggested that blockchain has the potential to hold as much as 10 percent of the world’s GDP. This means that several trillion dollars worth of value could be stored on both decentralized and permissioned blockchains by 2027.
While the crypto industry keeps experiencing ups and downs, with companies constantly at battle with the turbulent market, blockchain technology itself continues to advance. The industry has been on the rise since its inception in 2008 and is permeating into every niche imaginable—from supply chains to copyright management.