Bank of America: blockchain will create a multi-billion dollar market

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The blockchain technology could create a market valued at more than $ 7 billion. This assumption was made by analysts of Bank of America (BoA), writes CNBC .

Experts did not name the dates when this will happen. However, they are confident that the blockchain will provide multibillion-dollar opportunities for companies that specialize in cloud computing and supply chain management (Amazon, Microsoft and Oracle).

According to the report, players from the real estate industry, Redfin, Zillow and LendingTree, will also benefit from the introduction of technology into their services.

In addition, BoA analyst Kas Rangan noted the promising Blockchain-as-a-Service model, which the Microsoft Azure cloud platform is actively developing.

The Chinese Internet giant Alibaba and the US corporation IBM are leading in the number of blockchain patents.