Blockchain to transform retail with asset tracking revenues reaching $4.5 bn by 2023

  • from Blockchain to transform retail with asset tracking revenues reaching $4.5 bn by 2023by Anasia D’mellohttps://ift.tt/eA8V8JNew research by Juniper Research found that annual revenues from blockchain retail asset tracking will leap to $4.5 billion (€3.9 billion) by 2023.
  • While anything from gemstones to cars and healthcare can be tracked on blockchain, retail is a hotbed for the technology.
  • It pointed out that some retailers (such as Alibaba or JD.com) are launching their own BaaS (Blockchain-as-a-Service) platforms, while others (including Walmart) have opted to partner with specialist providers.
  • Spending for blockchain land registry gains momentumJuniper forecasts that countries will spend over $72 million (€63.6 million) on blockchain for land registry by 2023.

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