Executive Summary

Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. But as a real payment currency, blockchain-based cryptocurrency still must overcome many hurdles before it can truly disrupt the space.

THREE KEY QUESTIONS THIS REPORT WILL ANSWER

• What are the main applications for blockchain in the payments industry, and which use case is the most mature?
• Looking past cryptocurrency’s hype, what is each use case’s potential to achieve wide-scale disruption, considering the benefits and obstacles each brings?
• How do blockchain-based applications compare to existing technology?

WHAT’S IN THIS REPORT? Insider Intelligence presents a balanced look at the blockchain payment use cases with the highest maturity. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption.

KEY STAT: Global spending on blockchain is forecast to reach nearly $17.9 billion in 2024, growing at a five-year compound annual growth rate of 46.4%. As interest in the technology grows, companies are increasingly testing the water for payment use cases, including integrations by some of the largest payment incumbents.