According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year.
Although $35 billion seems high, it’s dwarfed by the net worth of $1.85 trillion for the energy market as a whole. Key players using blockchain and DLT in the field include Accenture (NYSE:ACN), AWS, Bigchaindb, Deloitte, IBM (NYSE:IBM), Infosys, Microsoft (NASDAQ:MSFT), Nodalblock, Oracle (NYSE:ORCL), SAP, Enosi, and Electron.