BLOCKCHAIN
BLOCKCHAIN TECHNOLOGY IS REVOLUTIONIZING THE TRANSACTION INDUSTRY
The entire financial ecosystem is set to adopt blockchain technology to improve efficiency, liquidity, speed, and transparency. Blockchain oversees validation and execution of transactions, ensuring they are transparent and secure. This technology eliminates the need for intermediaries, it lowers costs and enhances the authenticity and efficiency of transactions and brings fractional ownership into being.
The rapid development of blockchain technology and its application to real-world asset (RWA) tokenization will transform global markets, from real estate to trade, finance, art, music and sports. The global blockchain technology market size was valued at USD 17.57 billion in 2023 and is projected to grow from USD 27.84 billion in 2024 to USD 825 billion by 2032.