09/08/19 09:00 UTC-4

US will spend $1 billion to develop blockchain technology

OtherThe US will spend $1 billion to develop the blockchain
The US will spend $1 billion to develop the blockchain

On August 8, the International Data Corporation (IDC) research company published a report according to which more than $1 billion will be spent in America to develop the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
in 2019. According to the report, by 2023, global technology development costs will exceed $16 billion.

 

Blockchain costs: forecast

The International Data Corporation (IDC) analytical research center published a report according to which by 2023 the costs for the development of blockchain technology will increase to $16 billion. It is also indicated that the estimated amount of investment in technology for the United States by the end of 2019 will be about $1.1 billion.

In addition, the report also indicates that in 2019 the cost of developing a blockchain will cost the global company 80% more than last year. The results of the study were commented on by the head of the IDC world blockchain research group, James Wester. According to the commentary, although the situation with the blockchain is very uncertain, it has nevertheless reached a turning point and it is possible to begin the countdown on increasing investment in several areas.

Cryptocurrency news for today also reports that in Western Europe they will spend 661 million US dollars in 2019 to expand the scale of blockchain implementation. In addition, China's technology development will cost $304 million.

In the United States, $1 billion will be spent to develop blockchain technology. Recall that today the United States chooses a cryptocurrency taxation system, since two bills on this topic have been submitted over the past month.

Editor: Alyona Nabok

See also: "Amazon has launched work on blockchain advertising"

#blockchain #USA #blockchaindevelopment #USblockchain #blockchainChina #blockchainEurope #IDC #InternationalDataCorporation

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