Time for trust: How blockchain will transform business and the economy

PwC’s 'Time for trust' report explores the value blockchain can add to the economy by 2030. We look at how practical, everyday uses are creating an opportunity for organisations to deliver value by building trust and improving efficiency across industries, from healthcare, government and public services, to manufacturing, finance, logistics and retail.

#TimeForTrust

Use our data explorer below to interact with our report findings in more detail
 

Blockchain's economic impact around the world

in 2030 $ 66 billion (0.1%)

Total blockchain impact in 2030 $ 66 billion (0.1%)

$100bn

Heat key Regional Map

    Use the slider to see blockchain's impact over time

    • 2020
    • 2021
    • 2022
    • 2023
    • 2024
    • 2025
    • 2026
    • 2027
    • 2028
    • 2029
    • 2030

    Source: PwC "Time for trust" report, 2020

    This report looks at GDP (in US$, 2019 prices) which is the net additional value created by blockchain.

    Set for success: The top five uses driving blockchain adoption

    Lucy Gazmararian

    “Blockchain has the potential to cut costs, speed up transactions and promote greater financial inclusion by streamlining cross-border and remittance payments. These powerful innovations will transform payments infrastructure.”

    Lucy Gazmararian, Crypto and FinTech Advisory, PwC Hong Kong
    Anthony Bruce

    “For healthcare organisations, blockchain can ensure patient safety is at the heart of the pharmaceutical supply chain. It has the potential to give patients confidence in the authenticity and origin of drugs.”

    Anthony Bruce, Partner and Pharmaceutical and Life Sciences Leader, PwC United Kingdom
    Caitriona McCusker

    “As the education sector accelerates its move into digital learning, it is embracing new technology with greater urgency and freeing us all from time-consuming, inefficient, paper-based credentials systems, which are so easily violated.”

    Caitroina McCusker, Partner and Education Consulting Leader, PwC United Kingdom
    Gunther Dobrausz

    “If a dispute occurs, blockchain can help by automatically blocking payments and triggering alerts that automate dispute processes. With its tracking abilities, the technology can help quickly unwind disputes and exposures in a trusted way.”

    Guenther Dobrauz, Global Leader, Financial Services, PwC Switzerland
    Haydn Jones

    "Blockchain could prevent loyalty programmes from falling out of use. With digital payments now the norm, consolidation of these programmes is inevitable, and blockchain is key in unlocking value, in a fair way, for all involved.”

    Haydn Jones, Senior Blockchain Market Specialist, PwC United Kingdom, and author of ‘The Executive Guide to Blockchain’

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    Contact us

    Steve Davies

    Partner, Blockchain Leader, PwC United Kingdom

    Tel: +44 (0)7590 352408

    Jonathan Gillham

    Director of Econometrics and Economic Modelling, PwC United Kingdom

    Tel: +44 (0)7714 567297

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