Blockchain technology, once associated primarily with cryptocurrencies like Bitcoin, has evolved into one of the most groundbreaking innovations of the 21st century. In 2022, the blockchain technology market was valued at approximately USD 7.36 billion, but its potential is undeniable, with projections expecting it to reach a staggering USD 3,273.83 billion by 2030. This rapid growth reflects an impressive compound annual growth rate (CAGR) of 84% during the forecast period. But what is driving this explosive rise, and what can we expect from the blockchain technology market in the coming years?

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