By Joe McKendrick, Contributor March 15, 2018
There’s so much more to blockchain than cryptocurrency. Blockchain may eventually reach into every corner of the business, providing online, “smart contracts” that bind and assure any type of transaction, from exchange of goods to services rendered to employee records.
The money is beginning to flow in this direction. Worldwide spending on blockchain solutions is forecast to reach $2.1 billion this year, more than double the $945 million spent in 2017, according to estimates from IDC. The consultancy expects blockchain spending to grow at a clip of more than 80 percent a year, reaching $9.7 billion a year in 2021.