How Blockchain Could Add £57 Billion to the UK Economy by 2030
🇬🇧 Blockchain could boost the GDP of the UK economy by £57 billion by 2030 — the public sector stands to receive the biggest benefits.
Behind the US and China, both of which could benefit to the tune of $400 billion, the UK and Japan could see the next largest impact on their economic potential, receiving a GDP boost of $72 billion (£57 billion) each.
In the UK, public sector could see £22 billion of benefits, largely from improved identity and credential management including personal IDs, professional credentials and certificates to help curb fraud and identity theft — This alone could be worth a $10 billion (£8 billion) boost by 2030.
Blockchain’s ability to trace products and services could yield £30 billion in economic value.
Elsewhere, there will be broader benefits for the business services of $19 billion (£15 billion), wholesale and retail of $17 billion (£13 billion) ($17 billion), and communications and media of $6.7 billion (£5.3 billion) by 2030 — primarily from using blockchain to engage consumers and meet demand for provenance and traceability.
UK National Blockchain Roadmap (NBR) Vision 2030:
Read more:
https://www.consultancy.uk/news/25874/blockchain-could-provide-57-billion-boost-to-uk-public-sector
