What Companies Are Developing Blockchain And Where Will Blockchain Technology Be In Next 5 Years?

Blockchain is a type of shared database that differs from a typical database in the way it stores information; blockchains store data in blocks linked together via cryptography. Blockchain can offer various benefits, such as transparency, security, immutability, decentralization, efficiency, and innovation.The global blockchain market will be worth $1,431.54 billion by 2030, growing at a CAGR of around 85.9% from 2022-2030. Some of the companies that are developing blockchain are Coinbase, IBM, Riot Blockchain, Chainlink Labs, and Ava Labs.Blockchain technology is expected to grow and evolve in the next five years, with some of the possible trends being green blockchain initiatives, NFT expansion, CBDC development, blockchain interoperability, and blockchain adoption in emerging markets.