With more industries embracing blockchain technology, its financial value and popularity continue to grow. For example, information exchange in healthcare is a critical issue that some companies are beginning to address with blockchain-powered innovations. The shipping, finance, and fashion worlds are also seeing a tremendous increase in the use of non-fungible tokens (NFTs) to connect with consumers in an increasingly digital world, according to Gartner.
As the adoption of emerging technologies like blockchain continues at a rapid rate, so do enterprise investments. A Statista survey projects global spending on blockchain solutions to hit $19 billion by 2024. This demonstrates an accelerated growth in investments toward a technology that got only $6.6 billion in global investments in 2021.
As technology advances and more enterprises become data-driven, issues around governance, privacy, sovereignty and ownership will rise. While data has become the lifeblood of today’s organizations, businesses must now begin to rethink and prioritize how they use data.