Report: It is estimated that by 2023, the retail compound blockchain market will grow at a compound annual growth rate of 81%.

A retail blockchain market theme report published by Research and Markets shows that by 2023, the retail blockchain market will grow at a compound annual growth rate of close to 81%. The growth in network security requirements will lead to a significant increase in the blockchain market for the retail industry in the coming years. The application of blockchain in identity management helps to reduce identity and transactional fraud in offline and real-world scenarios, providing convenient records and identification. This will further drive the retail blockchain market to continue to grow during the forecast period.