US retailers ramp up blockchain tech investment

Blockchain spend by the US retail sector increased 103.1% during 2018 to reach $112.4 million, according to ResearchAndMarkets. 

From 2019 to 2025, meanwhile, spend is expected to record a CAGR of 43.9%, increasing from $208 million in 2019 to $2.6 billion by 2025. The main areas of investment will be:

• Product tracing and counterfeit goods

• Billing and payment

• Claims and settlements

• Virtual warranty management

• Contract management

• Supply chain management

Further info here.

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