Blockchain is a highly potential technology capable to revolutionize the financial industry in several ways. Being a decentralized, digital ledger that records transactions across a network of computers, it is the backbone of cryptocurrencies like Bitcoin, but it has applications beyond just digital currencies.

According to Statista, the market size for blockchain solutions for the banking system and financial institutions was estimated at 0.28 billion U.S. dollars in 2018.

However, the application of blockchain technology in the financial sector is expected to develop further in the next years, reaching a market size of approximately $22.5 billion by 2026.

Being a leading blockchain development company, in this blog, we will explore the trends of blockchain technology in finance.