Report shows: 2029 car and aerospace blockchain market reached 20 billion US dollars

According to PR Newswire, Reports from foreign market research firm Reportlinker show that the automotive and aerospace blockchain market will reach more than $20 billion in 2029, with a compound annual growth rate of 60.35%. Transactional transparency, rapid settlement and fraud prevention features of the blockchain will be used primarily in the financial, payment, insurance and supply chain sectors of the automotive industry.