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Spending on blockchain record to double this year to $2.1B

Spending by enterprises and other entities on blockchain networks is approaching to strech $2.1 billion this year, some-more than double what was spent on a distributed electronic bill record in 2017.

The U.S. will lead a universe in blockchain investments, accounting for 40% of spending, followed by Western Europe, China and a Asia Pacific segment (not including Japan), according to a new news from IDC.

By 2021, spending on blockchain is approaching to strech $9.2 billion, a news said.

blockchain spending IDC

Last year was deliberate a year of experimentations for a still-evolving technology, when businesses came to see both a advantages and a hurdles it still contingency overcome, according to IDC.

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