A survey conducted by fintech specialist Monica Eaton-Cardone found that about 78 percent of retailers will have joined the blockchain revolution by 2023. The market value of blockchain in the retail sector could grow to more than $2.3 billion with a compound annual growth rate of 96.4 percent, the study suggests.
Eaton-Cardone, who is COO of risk mitigation firm Chargebacks911, CIO of Global Risk Technologies, and member of Forbes Technology Council, has found that just 6 percent of companies are ready to embrace blockchain now. Another 9 percent are less than a year away and a further 43% will have joined in three years time. By 2023, 78 percent of retailers will integrated blockchain for payments.