What started as an infrastructure underlying Bitcoin cryptocurrency, the Blockchain technology has emerged as a true game changer. The technology, while introducing new possibilities and applications every now and then, has gained its own share of hype and scams.

 Because of this, various Entrepreneurs and developers are still confused regarding what would be the real impact of Blockchain app development services on the economy? They are still doubtful about the blockchain’s effect on businesses and if they should invest in Blockchain development or not.

Now, assuming that you are one of those Entrepreneurs and are hoping to get a crystal clear idea of the whole scenario, let’s talk about Blockchain technology and its future in this article.

But before we dissect the technology and blockchain impact on global economy, let’s first go through a few statistics highlighting the current state of the technology and how the world is answering the most important yet cliché question- how to use Blockchain technology?

While evolving from 1.0 to 4.0, Blockchain gained a huge momentum in the market – in one or the other form.

The technology continued to enjoy wider adoption across the globe – though not uniformly in all countries – a hint of which can be taken from the graph shared below looking into the blockchain impact on the global economy.

The lack of uniformity that was seen in the country wise adoption of Blockchain is same as its industry wise use cases. While Blockchain technology has been embraced by a vast number of industries, not every industry welcomed the technology with same efforts and at the same time – thus keeping why use blockchain reasons fewer. 

While some industries introduced Blockchain in their business model at a very initial level, some are still struggling with determining the role of the technology in their domain and in the types of funding that they can receive.

Taking the same thought forward, let’s take a walkthrough of industries that have been revolutionized by this technology and their impact received, followed by the type of industries most expected to answer why use Blockchain in the coming time.