EddieJayonCrypto

 10 Mar 25

tl;dr

Blockchain technology in government is projected to reach a market capitalization of $791.5 billion by 2030, with a compound annual growth rate (CAGR) of 81%. This growth is driven by the need for transparency in government processes, efficient procurement, election use cases, and cost reduction. Th...

Blockchain technology in government is projected to reach a market capitalization of $791.5 billion by 2030, with a compound annual growth rate (CAGR) of 81%. This growth is driven by the need for transparency in government processes, efficient procurement, election use cases, and cost reduction. The United States and Europe are expected to lead in adoption, while early adopters have seen increased productivity and efficiency.


Additionally, IoT technology in smart cities is forecasted to reach a market size of $952.69 billion by 2032, with a CAGR of 19.3%. Governments' increasing adoption rates and changing consumer behavior are key drivers. However, cybersecurity, infrastructure costs, and interoperability issues pose challenges for reaching these projections.

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 12 Mar 25
 12 Mar 25
 12 Mar 25