Since the advent of new technological advancements, both individuals and organizations have been profoundly impacted, resulting in a significant shift in their everyday operations. Amongst other high-end technologies, blockchain has certainly raised the bar high, spurring growth and transformation. The worldwide blockchain technology industry was valued at $11.14 billion in 2022 and is expected to increase from $17.57 billion in 2023 to $469.49 billion by 2030, with APAC areas dominating the growth, according to a study by Fortune Business Insights.