US retailers ramp up blockchain tech investment

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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