According to the prediction of “Research and Markets”, by 2022, the global blockchain market will reach US$13.96 billion. From 2017 to 2022, the compound annual growth rate of this market is 42.8%. The prediction believes that in the financial industry, the application of blockchain technology is expanding, mainly including financial transactions and cross-border payments.

At the same time, the integration of blockchain technology with medical, retail, supply chain, energy, and media industries are accelerating. Among them, retail and supply chain management are the largest application departments and the fastest growing ones.

Currently, based on the accessibility of users, the application of blockchain mainly includes three types: public chain, private chain, and affiliate chain.

From a patent perspective, the United States still occupies a major part of the global blockchain patent application. Among them, half of the patent applications are for financial applications.

Because blockchain technology can bring less time consumption, higher transparency, and lower transaction costs, it is increasingly welcomed and accepted by financial companies. These companies plan to use part of their investment in the development of distributed book technologies such as blockchain, which will be the main growth driver for the blockchain market.

Although it is expected that the growth situation can be expected, the lack of awareness, conflict of awareness, and supervision will adversely affect the growth of the blockchain market.