Will blockchain technology be used for storing at least 10% of global GDP by 2027?
➕
Plus
8
Ṁ728
2027
30%
chance

https://saudigazette.com.sa/article/561397

https://www.nextbigfuture.com/2017/10/oracle-sees-10-of-global-gdp-stored-in-blockchain-by-2027.html

https://fintechnews.sg/64175/blockchain/tokenized-assets-to-make-up-10-of-global-gdp-by-2030/

ChatGPT:

Measuring the portion of global GDP stored on blockchain technology involves assessing the economic value represented by blockchain-based systems, assets, and transactions. Here's how it could be quantified:

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### Key Metrics for Measurement:

1. Value of Tokenized Assets:

- Definition: Includes assets represented as tokens on blockchain, such as real estate, commodities, and intellectual property.

- Measurement:

- Total market value of tokenized assets on blockchains.

- Data from platforms that facilitate tokenization (e.g., DeFi protocols, NFT marketplaces).

2. Cryptocurrencies and Digital Assets:

- Definition: The market capitalization of cryptocurrencies like Bitcoin, Ethereum, and stablecoins.

- Measurement:

- Aggregating market capitalization data from major exchanges and blockchain networks.

3. Enterprise Blockchain Usage:

- Definition: Value of goods and services managed or tracked via enterprise blockchain solutions.

- Measurement:

- Reports from corporations and industries utilizing blockchain for supply chain, healthcare, and other applications.

- Analysis of blockchain-led cost savings or efficiencies tied to GDP calculations.

4. Decentralized Finance (DeFi):

- Definition: Total value locked (TVL) in DeFi protocols providing lending, borrowing, and trading services.

- Measurement:

- Data from DeFi analytics platforms like DeFi Pulse or DappRadar.

5. Smart Contracts Transactions:

- Definition: Value of transactions or economic activity executed through smart contracts on various blockchains.

- Measurement:

- Blockchain explorers and analytics tools tracking transactional volume.

6. Government and Central Bank Digital Currencies (CBDCs):

- Definition: Value of money issued and stored as digital currency by governments.

- Measurement:

- National reports on CBDC adoption and usage metrics.

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### Approach to Aggregation:

- Data Sources:

- Public blockchain data (on-chain analysis).

- Reports from financial institutions, corporations, and blockchain analytics firms.

- Government publications on GDP and digital transformation initiatives.

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how would you resolve this market? I mean if you'd be looking at market cap of cryptocurrencies overall (eg coinmarketcap), if a Blockchain system gets implemented by a major fiat currency (eg € $ £) or something else entirely

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