14 Brilliant Blockchain Statistics You Need to Know in 2024

Blockchain technology is designed to prevent the history of any asset from being altered.

It works with a decentralized network.

In effect, this means the asset is distributed not copied or transferred. 

The principle is actually the same as sharing a Google Doc document, you can share it without having to copy it for everyone.

The difference is Google documents can be modified, but Blockchain cannot. 

The most common Blockchain example is cryptocurrency.

This is becoming increasingly prevalent around the globe.

It’s difficult not to see a new story about cryptocurrencies!

Of course, cryptocurrencies have been extremely volatile.

Very recently they have crashed in value thanks to specific events, such as the Luna crash. 

It’s natural to wonder whether there is any future for the crypto-verse and what it is likely to look like.

If you’re looking at investing you’ll be particularly interested in the following Blockchain statistics and where the industry is likely to go. 

It should be noted that while Blockchain technology is commonly associated with cryptocurrencies, it is used in a variety of industries in various forms.

This includes healthcare, real estate, the supply chain, and even gaming. 

Let’s take a look at some of the best Blockchain statistics.

Key Statistics

• 3.9% of the global population are using blockchain related to cryptocurrency
• Over 80 million people use Bitcoin wallets 
• The US is responsible for 36% of all spending on blockchain
• 59% of US executives don’t understand blockchain
• Companies are predicted to spend $19 billion on blockchain in 2024
• 81 of the top 100 companies in the world already use blockchain technology
• 77% of business executives feel not adopting blockchain will give them a disadvantage
• Approximately 400,000 Bitcoin transactions happen daily
• 16% of US investors have Bitcoin in their portfolio
• 23% of US blockchain users are Asian
• There are over 2,500 blockchain jobs in the US
• In 2022 the US spent $4.2 billion on blockchain technology
• China is prioritizing the adoption of blockchain
• Regulatory issues are seen as the biggest barrier to blockchain integration in business

Understanding Digital Money

Cryptocurrency is the most commonly talked about type of blockchain.

It works in a similar way to real-world money.

A specified amount of crypto coins are created.

These can be earned in a  variety of ways but there will never be any more. 

In the beginning, each digital coin was worth very little.

However, as more people started to accept the coin, demand increased, forcing the value of the coin to rise. 

Fortunately, there is an infinite number of sub-coins, allowing the coins to continue magnifying in value and for people to still use the sub-coins. 

The idea behind cryptocurrency is to reduce the fees, exchange rate costs, and associated hassle which goes with cross-border transactions.

Cryptocurrencies can be used across all borders, potentially making life easier for businesses and individuals. 

Top Blockchain Statistics

1. 3.9% Of The Global Population Are Using Blockchain Related To Cryptocurrency

There are approximately 8 billion people living on the planet and roughly 5 billion of these have access to the internet. 

However, at the moment just 3.9% of the global population is using Blockchain technology.

That’s the equivalent of 300 million people.

This statistic clearly demonstrates there is still plenty of room for this industry to grow. 

However, it should be noted that it’s not just the use of this technology which is increasing.

There are also significantly more cryptocurrencies available today than ten years ago. 

According to statistics, there were just 66 cryptocurrencies in 2013.

By 2017 it had crossed the one thousand mark, and by February 2021 the number of global cryptocurrencies reached 4,501.

The figures show that the number of cryptocurrencies peaked in February 2022, with 10,397 different ones available. 

It has since dropped slightly, as of August 2023 there were still 9,321 different cryptocurrencies. 

(Zippia)

2. Over 80 Million People Use Bitcoin Wallets

There may be over 300 million people using Blockchain, but not everyone is using a Bitcoin wallet.

According to the latest figures, as of 2021, over 80 million people using a Bitcoin wallet. 

This is another success story.

In 2012 there were just 0.07 million This moved to 0.89 million in 2013 and jumped for 2014.

That’s when the number of Bitcoin wallets reached 2.71 million. 

The numbers have climbed surprisingly quickly since.

In 2015 it jumped to 5.34 million, and in 2016 it reached 10.69 million. 

2017 saw it rise to 21.51 million, followed by 31.91 million in 2018 and 44.51 million in 2019.

Surprisingly, despite the pandemic, blockchain wallet users continued to grow.

In 2020 numbers reached 63.48 million, and by 2021 it was 80.24 million. 

If the trend continues it seems likely it will be approaching 150 million by 2025.

(Zippia)

3. The US Is Responsible For 36% Of All Spending On Blockchain

Blockchain technology has seeped into various industries.

However, the one that has been the fastest to adopt this is the financial services industry. 

It’s estimated that the financial services industry is responsible for 38% of all revenue received by Blockchain in 2021.

No other industry accounts for this much of Blockchain’s revenue. 

Interestingly, the US manages to be responsible for over 38% of the global blockchain revenue and, simultaneously, is the country that spends 36% of all spending on the industry.

This figure is based on spending between 2017 to 2022.

(Zippia)

4. 59% Of US Executives Don’t Understand Blockchain

Blockchain technology is a perfect example of how fast things can change in any industry.

More importantly, it shows how easy it is for individuals and businesses to fall behind. 

The latest figures from Zippia show that 59% of US senior business executives have very little knowledge of blockchain technology.

That means they don’t understand what it is and how it could be useful. 

Unfortunately, this is likely to leave their businesses at a disadvantage as blockchain doesn’t look like it’s going anywhere. 

Although not instrumental to the product production service, it is a viable way to pay for purchases.

This approach has become more popular in recent years. 

In other words, if you aren’t using or offering blockchain your business will find it harder to survive. 

(Zippia)

5. Companies Are Predicted To Spend $19 Billion On Blockchain In 2024

As blockchain technology becomes increasingly important to businesses, spending on this modern technology is likely to dramatically increase. 

According to the latest predictions, global spending by businesses on Blockchain is likely to hit $19 billion during 2024.

That’s a significant rise.

In 2022 the world spent $11.7 billion on blockchain technology.

The rise in  CAGR is likely to be about 73%, that’s impressive for any industry.

The largest rise in Blockchain spending is likely to be from the process manufacturing industry.

It’s already seen impressive growth between 2017 and 2022.

During this period the CAGR is likely to be 78.8%.

That’s just higher than the professional services industry which gets a 77.7% CAGR.

Even the banking industry fares well.

It’s expected to see a 74.7% CAGR.

(Zippia)

6. 81 Of The Top 100 Companies In The World Already Use Blockchain Technology

Blockchain is still here, over ten years after it was first launched.

That’s a sign that it is here to stay.

In other words, businesses which haven’t already embraced this technology need to start thinking about doing so. 

Thankfully, some of the biggest and best-known companies in the world have already embraced Blockchain, setting an excellent example for other businesses. 

Currently, 81 of the top 100 publicly traded companies are making Blockchain part of their daily processes.

The exact statistics show that 65 of these 81 companies have already started the integration of Blockchain technology into their business.

Many of these have finished the integration.

Others, such as the 16 who have yet to start, have done all the necessary homework and are ready to integrate. 

These 16 are incorporating it now, showing how Blockchain is going to become increasingly popular. 

If you’re still not convinced how serious these businesses are, then consider this.

28% of the businesses surveyed have said their companies have already invested over $5 million in integrating Blockchain technology into their businesses.

(Zippia)

7. 77% Of Business Executives Feel Not Adopting Blockchain Will Give Them A Disadvantage

Although 59% of executives admit to not understanding anything to do with Blockchain, they also appreciate that this technology is here to stay. 

That’s why, 77% of executives questioned in the Zippia survey felt that their business would have a competitive disadvantage if they didn’t embrace Blockchain technology. 

Interestingly, 56% of executives also feel that Blockchain is going to cause a significant amount of disruption to their industry and possibly their business.

These executives may not understand Blockchain but they can hire professionals to understand the most popular Blockchains, such as Hyperledger Fabric, Ethereum, and Quorum. 

It is worth noting that 37% of executive respondents see the major advantage of Blockchain technology as being the security it offers to the business.

It can effectively protect a business operating system.

A further 24% of respondents like the fact that Blockchain allows you to create new business models and revenue streams. 

8. Approximately 400,000 Bitcoin Transactions Happen Daily

Bitcoin, and all cryptocurrencies, are based on Blockchain technology.

Therefore, if you’re using a cryptocurrency you’re using Blockchain. 

As already mentioned, over 300 million people are using Blockchain, specifically cryptocurrency, daily.

Between them, they complete hundreds of thousands of transactions. 

According to the latest Zippia research, in January 2021 there were 400,000 transactions.

The month before there were 330,000. 

This illustrates the growing popularity of this payment type. 

The amount of transactions and coins processed can vary significantly daily.

It depends on what businesses and individuals are looking to do each day. 

However, it’s worth noting that in May 2023 Bitcoin processed 670,000 coins in one day.

That’s the biggest day it’s ever had.

(Zippia)

9. 16% Of US Investors Have Bitcoin In Their Portfolio

Investors were generally slow to come on board with cryptocurrencies.

After all, in the early days, their value was low and the risks were exceptionally high. 

Naturally, the promise was that the value would shoot up, allowing investors to make a killing.

Unfortunately, very few investors were prepared to take the risk. 

Today, cryptocurrencies are much better established.

Better still, the crypto market is extremely volatile.

The value of each cryptocurrency can vary widely.

That gives investors the opportunity to make a high return on investment, provided they buy when the crypto is low and wait for it to get high again.

This has certainly sparked interest among investors.

The latest research shows that 16% of Americans have now dabbled in cryptocurrencies, either trading them or investing in them for the short or long term. 

Men, aged between 18-29, are the most likely to invest in cryptocurrencies.

As many as 43% of men in this age range have dabbled in the crypto market. 

That’s not surprising as men in this age bracket tend to accept higher risks when investing. 

It’s also worth noting that 6% of established US investors now have Bitcoin in their portfolio.

In 2018 that figure was just 2%.

A US investor is someone over 18 with at least $10,000 invested in stocks or similar. 

(Zippia)

10. 23% Of US Blockchain Users Are Asian

The US is predominantly a white country, with over 60% of residents belonging to this ethnic group.

In many cases, this means it’s not surprising that white people dominate statistics. 

However, this is not the case when it comes to Blockchain technology.

According to the latest report by Zippia, 23% of Blockchain users are Asian, 21% are Hispanic, 18% are Black, and just 13% are white. 

It’s also worth looking at the age ranges.

On average, 31% of people aged 18-29 are users of Blockchain.

That’s 43% male and 19% female.

As you get older the numbers drop.

In the 30-49 age range, 30% of users are male and just 13% are female. 

Move to people past fifty and you’ll find just 7% of this age group are male and use Blockchain.

Just 4% of the females are utilizing Bitcoin.

(Zippia)

11. There Are Over 2,500 Blockchain Jobs In The US

Any industry requires people to manage the systems, talk to customers, and perform a variety of other tasks.

Blockchain is no different. 

While it is difficult to be exact regarding which Blockchain jobs are currently available, monitoring the most popular job sites will provide a reasonable idea of the statistics. 

According to the latest research, there are over 2,500 Blockchain-associated jobs in the US.

That’s roughly half of all the Blockchain jobs available in the world!

Unsurprisingly, the US has the biggest employment market for Blockchain in the world. 

The UK takes the second spot with under half of what the US has to offer.

According to the job search sites, there are 1,015 Blockchain jobs in the UK and a further 257 jobs in India. 

(Zippia)

12. In 2022 The US Spent $4.2 Billion On Blockchain Technology

If you have any doubts regarding the US and its current dominance of the Blockchain industry then consider how much the country is spending on this technology. 

According to official figures, in 2022 the US spent $4.2 billion on Blockchain.

The next biggest spender was the entire of Western Europe, which only managed $2.9 billion between them. 

Surprisingly, China is also lagging a long way behind the US.

Their spending for 2022 was just $1.4 billion.

That’s half of what Western Europe spent and a third of the US. 

Japan managed to spend $0.75 billion and the Middle East, combined with Africa, hit $0.50 billion. 

The industry is growing rapidly and those that invest the heaviest are likely to benefit the most. 

(Finances Online)

13. China Is Prioritizing The Adoption Of Blockchain

Interestingly, while China isn’t spending anywhere near as much as the US on Blockchain technology, it is actively encouraging businesses to adapt to and accept this technology. 

It’s estimated that 70% of businesses in China are committed to adopting Blockchain and list this goal as one of their top five priorities. 

In contrast, only 42% of German businesses are prioritizing Blockchain technology and looking to include it in their operations. 

Of course, China does stand to make the most from adopting Blockchain.

According to the latest estimates, the adoption of Blockchain in China could boost their GDP by 1.7%.

That’s the equivalent of $440.4 billion in revenue. 

The US is expected to see a similar boost, of around $407.2 billion.

Other countries will benefit less, such as Germany with a $95.3 billion boost and the UK which should see a $72 billion injection into the economy. 

(Finances Online)

14. Regulatory Issues Are Seen As The Biggest Barrier To Blockchain Integration In Business

While many businesses are convinced they will be at a disadvantage if they don’t integrate Blockchain technology, they feel there are several barriers to successful integration. 

The biggest of these appears to be regulatory issues. 

30% of those surveyed felt that regulatory issues were making it hard to assess and implement Blockchain technology.

Interestingly, 30% of respondents also felt that the implementation process was either too complicated or costly. 

Other concerns from businesses include security threats, 29% of business executives are worried about this.

A further 28% of respondents were concerned their business doesn’t have the in-house capability to integrate Blockchain. 

Twenty-five percent of executives were concerned regarding the handling of sensitive information and 28% felt it was difficult or impossible to assess the ROI of Blockchain technologies. 

(Finances Online)

Understanding The Types Of Blockchains

There are four different types of Blockchains, it can be useful to understand which ones there are and when they may be relevant to you. 

1. Public

A public Blockchain has no permissions or rights.

Anyone can join this type of Blockchain and take part in the designated activity. 

These open forums are often used by people to share mining duties and even exchange any crypto which has been found. 

2. Private

As you may have guessed, a private Blockchain is not accessible to all.

You need to be invited to join and accepted before you can join the Blockchain and take part in the group activity.

It should be noted that a private Blockchain is controlled by a single person or organization. 

Only they, or you if granted the authority, can make system changes. 

3. Hybrid

A hybrid Blockchain is still controlled by one person, just like the private Blockchain.

However, as a hybrid there is room for users to interact with the systems and even improve it. 

This type of Blockchain offers similar rights to a public Blockchain. 

4. Consortium

The fourth option is a Consortium Blockchain.

These also have permissions closed unless you are granted access.

However, it’s not individuals who control the consortium.

Instead, it is supervised by several groups.

This prevents one person from making changes, which may not be for the better.

By decentralizing the Blockchain it will have higher security but still allow other users to access the system and adjust factors, if they have the permission to do so.

Summing Up

There is little doubt that Blockchain technology is going to be part of all businesses in the future.

The above Blockchain statistics show how popular it has become and how likely this trend is to continue. 

Spending on Blockchain technology has been gradually increasing in recent years and this is likely to increase further as it becomes more widespread. 

The more cryptocurrency is accepted by individuals, businesses, and financial institutions, the quicker it will grow and spread.

As crypto is based on Blockchain technology, it will also grow and improve. 

If you have any doubts, consider this, 90% of major banks in Europe, Canada, and the United States have either got Blockchain technology integrated into their operations or intend to do so.

Whether you like it or not, Blockchain technology is the future.

Sources

Statista	FinancesOnline	Zippia
Statista 2	Demand Sage