Ruth Wandhöfer

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Time for trust - The trillion-dollar reasons to rethink blockchain October 2020

“Do you want to know how blockchain will transform your business and the global economy?

Blockchain technology has the potential to boost global GDP by US$1.76trn over the next decade.

How much do you know about one of the world's fastest developing technologies, blockchain? Ever wondered how it’ll impact global employment by 2030 and how that could affect businesses as we know it? Or perhaps you’d like to know what the potential implications blockchain will have on GDP in the next 10 years in the UK and beyond?

Our report provides you the answers to all of these questions, and more.

Our extensive analysis points to blockchain playing a huge role in building greater trust around how businesses trade with each other and how people will carry out any transaction in future.

We have grouped the major use cases for blockchain into five categories and analysed the contribution each could potentially make, alongside commentary from a range of PwC and sector experts:

  1. Provenance

  2. Payments and Financial Instruments

  3. Identity

  4. Contracts and Dispute Resolution

  5. Customer Engagemen”