Global Spending in Blockchain Technology Projected for Grow

According to a report from International Data Corporation, worldwide spending on blockchain solutions valued at $945 million in 2017 and is expected to reach $9.7 billion in 2021, while growing at a compound annual growth rate of 81.2 percent. Rapid adoption of blockchain technology in financial sector has driven investment dollars into the banking industry.

In the financial sector, the technology is used in regulatory compliance, cross-border payments & settlements, custody and asset tracking, along with trade finance & post-trade/transaction settlements. The distribution and services sector will also benefit from the blockchain technology. The sector will see $510 million investment in 2018. Victory Square Technologies Inc. (OTC: VSQTF), Marathon Patent Group, Inc. (NASDAQ: MARA), NXT-ID Inc (NASDAQ: NXTD), Integrated Ventures, Inc. (OTC: INTV), Net Element, Inc. (NASDAQ: NETE)