The Blockchain Market in Supply Chain Is Expected to Reach $424.24 Million by 2023 with a CAGR of 48.37%
According to the new market research report by IndustryARC titled "Blockchain Market in Supply Chain: By Type (Public, Private and Consortium); By Application (Contract management, Payment systems, Procurement, Provenance, Ownership transfer, Asset Tracking and Inventory Control) and Geography - Forecast (2018-2025)", the market is expected to reach $424.24 million by 2023 with a CAGR of 48.37 % during the forecast period. Large number of companies have been using the blockchain technology for supply chain applications. This factor bolsters the market.
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