Too Long; Didn't Read
Global supply chain market was valued at $ 85.7 million in 2018 and projected to grow at a CAGR of 80.4% to reach $ 2674.9 million by 2024. Application of Blockchain to global supply-chain alone could result in more than $100 billion in efficiencies. Add improvements in provenance and traceability of pharmaceuticals and food. Global value of counterfeit goods estimated at $1.2 trillion to $2.3 trillion by 2022. Every transaction in the network is recorded in a digital ledger, and multiple transactions forming a block.