ReportLinker: the market for blockchain solutions for personal identification will grow by $3.58 billion to 2025 year – Bits Media

According to research company ReportLinker, in the next four years, the market for identity applications using blockchain will grow by $3.58 billion.

ReportLinker Researchers Analyze the Potential of Decentralized Storage Solutions identification information. The options for their practical use at the government level were studied, as well as in the healthcare sector, banking, finance and insurance.

Having studied the data, obtained from companies Accenture, Amazon, Bitfury Group и Civic Technologies, Analysts expect, that the global market for blockchain -based solutions for identification will increase $3.58 billion in the 2021 by 2025 the years. His average annual growth rate will be about 71%.

According to Reportlineker forecasts, The market will continue to expand as cloud services develop and digitalize. This involves an increase in the level of security when checking the personality to access any public and private services.

Among users, the idea is becoming more and more popular, that when storing data, any institutions are required to comply with their confidentiality, And this should become ordinary civil law. Therefore, there is a need for more effective decentralized decisions, aimed at maintaining confidentiality.

Analysts emphasized, that blockchain -based solutions will be in demand in almost all sectors, Starting from public services and logistics, up to home electronics and underwear. Reportlineker came to the conclusion, that blockchain is the only solution for user identification, which can protect them from theft of data and confidentiality violations.

The international base of social networks already exceeds 3.8 billion people. Recently, the co -founder of Ethereum Vitalik Buterin presented his vision of future decentralized networks, in which the addresses of the Ethereum can be used as online identifiers.