Global Blockchain Market to Hit $39bn by 2025 – Kashifu Inuwa

By Abbas Badmus,

TECHDIGEST – The Director General of National Information Technology Development Agency, NITDA, Mal. Kashifu Inuwa Abdullahi, has revealed that the global market for Blockchain Technology is expected to grow by over 39 billion US dollar by 2025.

“After cryptocurrencies gained much traction, blockchain technology emerged as one of the most promising technologies to transform businesses,” he said during a Summit on Blockchain Technology, on Wednesday.

The Summit was part of the #DigitalNigeriaDay 2022 Conference and Exhibition, in Abuja.

According to the NITDA helmsman, many large and medium-sized enterprises are exploring blockchain’s potential to grow their businesses in the global tech industry.

He noted that Cryptocurrencies, Stablecoins, NFTs, Metaverse, and Web3 are gradually taking over the world’s industrial and financial space.

READ ALSO: With Digital Economy, Nigeria Now Saves N10bn Quarterly – Minister

“With Blockchain Technology supporting these new-age concepts, we can expect that the future will belong to decentralized resources.

“Blockchain is now at a point where large corporations and governments, not just a tiny hyper-technical community of IT experts, are starting to comprehend its potential to improve people’s lives and build more resilient organisations,” said Mal. Kashifu.

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