.The market's rise stems from the ecosystem that is at the center of blockchain technology and cryptocurrencies Blockchain technology will enable a decentralized world of computers without third-party intermediaries. Jakarta, CNBC Indonesia-. Royal Bank of Canada (RBC) predicts that in the next 15 years, its market will increase by 13 times to US $ 10 trillion. RBC Capital Market Analyst Mitch Steves in a report entitled "Crypto Currency & Blockchain Technology: A Decentralized Future - A Potential Multi-Trillion Dollar Opportunity" stated that cryptocurrencies only represent a US $ 10 trillion business pie, mostly derived from existing ecosystems. at the center of blockchain technology and cryptocurrency. “I think a lot of people are familiar with cryptocurrencies. This is not only value but also very possible to secure your internet, "said Mitch as quoted by Bitcoinmagazine.com.
Blockchain-based cryptocurrencies will allow the creation of a decentralized version
with storage services like Dropbox and iCloud. The US $ 10 trillion figure represents a third of the market value of storage services companies. Mitch thinks blockchain technology will enable a decentralized computer world without third party intermediaries. It is intrinsically safer from hacking because there is no centralized server. Mitch added that the market value of blockchain has also increased because international remittances reached US $ 500 trillion per year. With the growth of blockchain applications, this money transfer market could become a promising business. Frédérique Carrier, Managing Director and Head of Investment Strategy of RBC Wealth Management for the British Isles in his recent article stated that cryptocurrency is unlikely to replace traditional money, but blockchain technology could have far-reaching implications for many industries and investors in the medium and long term.