Blockchain Procurement Intelligence Report, 2030
Blockchain Cost and Pricing Analysis In this blockchain procurement intelligence report, we have estimated the pricing of the key cost components. Block development, transaction volume, and transaction size form the largest cost component of blockchain implementation. Together with maintenance, node hosting, and designing they account for 60-70% of the total cost. The cost also depends on the type of blockchain such as private, public, or hybrid blockchain. For instance, in a private blockchain cost model, considering a daily transaction volume of 250,000, a transaction size of 500 bytes, and cloud-based node hosting, the total onboarding costs in the first-year range between USD 115,000 - 120,000. Cloud costs range between USD 50,000 - 52,000. Ongoing and maintenance costs range between USD 140,000 - 150,000. The costs of monitoring are between USD 19,000 - 22,000. Hence, over a period of five years, in a private blockchain model, on average, the annual costs range between USD 300,00...