Share this article
BTC
$94,225.15
-
0.08%ETH
$1,795.54
-
0.20%USDT
$1.0002
-
0.01%XRP
$2.1971
-
2.02%BNB
$599.94
-
0.21%SOL
$147.85
+
0.95%USDC
$1.0001
+
0.01%DOGE
$0.1726
-
1.25%ADA
$0.6830
-
1.88%TRX
$0.2470
+
1.24%SUI
$3.5235
-
0.27%LINK
$14.32
-
1.97%AVAX
$20.94
-
2.87%XLM
$0.2717
-
2.21%LEO
$9.0675
+
0.84%TON
$3.1772
-
0.40%SHIB
$0.0₄1327
-
1.19%HBAR
$0.1822
-
2.12%BCH
$366.93
+
0.84%HYPE
$20.00
+
7.52%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Blockchain Can Give $1.7T Boost to Global Economy by 2030: PwC Report
A new PwC report claims blockchain technology can add $1.7 trillion to the global economy by 2030, with the Asian continent standing to benefit the most.

Blockchain technology stands to boost the global economy by $1.7 trillion in the next decade with Asia seeing the most economic benefit, according to a new report by consulting company PricewaterhouseCoopers (PwC).
- PwC economists forecast a tipping point in 2025 if blockchain technologies are adopted at scale across the world, and expect blockchain applications to boost global gross domestic product (GDP) by $1.76 trillion, (1.4% of global GDP) by 2030.
- According to the report, blockchain will make the biggest impact on Asia’s economy with China, India and Japan driving adoption in the region.
- China stands to gain the highest potential net benefit at $440 billion, with the U.S. following at $407 billion.
- Germany, Japan, U.K., India and France are each estimated to benefit by more than $50 billion in the same period.
- The report identified five key application areas of blockchain with potential to generate economic value: product tracking and tracing ($962 billion), financial services and payments ($433 billion), identity security and credentials ($224 billion), contracts and dispute resolution ($73 billion), customer engagement and reward programs ($54 billion).
- Public administration, education and health care sectors will benefit the most ($574 billion increase by 2030) by “capitalizing on the efficiencies blockchain brings to the world of identity and credentials,” the report said.
- A survey conducted as part of the report revealed 61% of CEOs across the world are placing digital transformation of core business operations and processes among their top three priorities.
- “Serious activity around blockchain is cutting through every industry across the globe right now,” Steve Davies, global Blockchain leader at PwC, said in the report. In a press statement he added that the acceleration of disruptive trends in the business world is driven by the COVID-19 pandemic.
Sandali Handagama
Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She is an alumna of Columbia University's graduate school of journalism and has contributed to a variety of publications including The Guardian, Bloomberg, The Nation and Popular Science. Sandali doesn't own any crypto and she tweets as @iamsandali
