IDG Contributor Network: 4 reasons blockchain could improve data security

It’s easy to lose sight of the potential benefits and weaknesses of any new technology when the hype reaches fever pitch in the way that it has with blockchain. The global blockchain technology market is projected to be worth $20 billion by the end of 2024, according to Transparency Market Research. It has enormous potential to reduce costs, particularly for financial institutions, which is why Gartner suggests that blockchain’s business value-add will grow to $176 billion by 2025.

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