Report predicts Government Blockchain Spending to Increase Big by 2022

“The federal government’s spending on blockchain will likely increase from $10.7 million in 2017 to $123.5 million in 2022, according to a report from IDC Government Insights released Wednesday. Blockchain spending among state and local governments is also expected to rise, from $4.4 million in 2017 to $48.2 million in 2022.

“Of all the technological areas related to the government’s blockchain spending, information technology is the largest—reaching $90.4 million by 2022. Software will leap from $2.1 million in 2017 to $31.6 million in 2022 and hardware will increase from less than a million to $1.5 million over the same time frame.”

“It can be used to identify origins of shipments, quality of goods, tariffs paid, and more,” the report states. “A few years from now, blockchain is likely to be…” Read the full article here.

Source: Government Blockchain Spending to Increase Big by 2022 – By Brandi Vincent, April 17, 2019. Nextgov.

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