
I'm a crypto enthusiast
360 Followers
How quickly is the blockchain sector growing? The blockchain technology market is in a high growth stage. Market intelligence company Fortune Business Insights projects growth from $17.57 billion in 2023 to $469.49 billion in 2030 β a CAGR (compound annual growth rate) of 59.9%.
With blockchain, it is possible to share data about provenance directly with customers. Traceability data can also expose weaknesses in any supply chainβwhere goods might sit on a loading dock awaiting transit.
Which blockchain platform do developers use most? 54% of developers currently working on blockchain projects are working on the Ethereum blockchain. The next most used is the Binance Smart chain, which 42% say they have developed. In third spot is the IBM blockchain β 37%.
There are around 27m active traditional software developers globally. 70% of the active blockchain developers have only been actively using the technology since 2021. 20% of new developers chose the Ethereum platform as their ecosystem. According to Tokenized, blockchain developers earn from $70k to $350 per year.