When it comes to blockchain, people perhaps could only relate it to cryptocurrencies. However, blockchain is not limited to cryptocurrencies but has rather developed enterprises that get a grip with other applications in the industry. Undoubtedly, blockchain and big data project to be one of the emerging technologies most companies are looking to adopt. Both of these technologies will transform how companies run their businesses. As a single entity both blockchain and big data might not be as useful as it depicts to be. But when combined: they could be powerful tools. Some may say, they’re perfect for each other. Here’s what Chris Neimeth, COO of NYC Data Science Academy has to say,“Big Data is an incredibly profitable business, with revenues expected to grow to $203 billion by 2020. The data within the blockchain is predicted to be worth trillions of dollars as it continues to make its way into banking, micropayments, remittances, and other financial services. In fact, the blockchain ledger could be worth up to 20% of the total big data market by 2030, producing up to $100 billion in annual revenue.”Blockchain and big dataAccording to Techjury, worldwide spending on blockchain projects to reach USD 11.7 billion by ...
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