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The blockchain industry could eventually be worth $7 billion, based on calculations that two percent of corporate servers would run the technology at a cost of $5,500 annually.

Analysts have however refrained from putting a time scale on the estimate, as the technology is still to be widely adopted.

The technology is well-suited to some of the world’s biggest company, could amalgamate blockchain with existing cloud computing operations and improve supply chain infrastructure, according to BoA research analyst Kash Rangan.

“Amazon will benefit from incremental cloud services demand from Blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient,” Rangan announced yesterday.

Blockchain is the backbone for cryptocurrencies.

It shares data on a distributed, secure, and incorruptible digital ledger in a way that “databases have not been able to in the past,” Rangan said.

America retail giant Walmart is among the first to work on a…