Significant Growth of the Blockchain Market, Product Offering and Research Methodology | IBM, Amazon, Samsung, NVIDIA
Blockchain market to experience significant growth in North America and Asia-Pacific
# 3200, SEATTLE, WASHINGTION, USA, December 9, 2021 /EINPresswire.com/ – USA / WA: Blockchain Market Outlook 2021
Blockchain is a decentralized software program that enables secure digital transactions of digital currencies or cryptocurrencies like Bitcoin, Zcash, Dash, Litecoin, Ethereum, and others. Cryptocurrencies are becoming increasingly popular and accepted in developed and emerging economies. It is simply a digital transaction log that is duplicated and distributed across the entire network of blockchain computer systems. With the growing popularity of blockchain technology in retail and supply chain management, the need for blockchain technology is likely to drive the growth of the blockchain market.
Blockchain technology can be used to create a permanent and transparent ledger system for collecting trade data, real-time tracking of digital transactions and payments, and preventing fraud and error, all of which are susceptible to risk. stimulate the growth of the blockchain market.
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In April 2021, Tech Mahindra Ltd. has partnered with Quantoz, a blockchain application incubator, to launch a ‘stablecoin-as-a-service’ blockchain solution for banks and global financial institutions. The new blockchain solution will enable automated processing of token, crypto and fiat transactions for a variety of banking and payment functions. Additionally, MUFG and Akamai launched the GO-NET blockchain payment network to connect payment service providers. Such initiatives by market players are also responsible for the growth of the blockchain market. Digital currencies work on the principle of blockchain technology, which involves the extraction of transactions in blocks to run and perform multiple calculations, so that these blocks can be sealed.
The companies covered in this study include:
IBM Corporation, Microsoft Corporation, Amazon.com, Inc., SAP SE, Intel Corporation, Samsung Group, NVIDIA Corporation, Xilinx, Inc., AMD, Inc., Siemens AG, Accenture Plc and Infosys Ltd.
These Blocks are made up of transaction information and provide a reference to the previous Block, connecting the Before to the Present. Block links to the previous Block to form a Blockchain. Block contains information about a set of transactional records for a particular time period or fixed memory size. Moreover, the blockchain market is experiencing robust growth, in North America and Latin America, due to the growing awareness and growing applications of this technology in various segments. For example, the US Department of Energy is studying the application of blockchain for the management of next-generation power grids.
Blockchain market taxonomy:
On the basis of type, the blockchain market has segmented into:
On the basis of Application, the blockchain market has segmented into:
On the basis of end user industry, the blockchain market has segmented into:
Banking, Financial Services and Insurance (BFSI)
Technological Information (IT)
Additionally, in April 2021, Citi Innovation Labs partnered with the Inter-American Development Bank (IDB) to test the use of blockchain technology and token money to send payments from the United States to America. Latin and the Caribbean. Another major factor driving the growth of the blockchain market is the rapid growth of e-commerce in emerging Asia-Pacific economies, such as India and China. According to the India Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to reach US $ 200 billion by 2026, up from US $ 38.5 billion in 2017. In the e-commerce sector, blockchain technology is used to gather data on exchanges, payments and real-time tracking of digital transactions.
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Reasons to buy: –
In-depth knowledge of the dynamic opportunity, significant trends and regional segmentation of the Blockchain market.
Understanding Blockchain Demand to Establish Market Potential.
Develop a market strategy to identify growth categories and target specific industry perspectives.
Evaluate the value chain to determine the flow of work and get a feel for your current position.
Increase ROI by understanding changing consumer attitudes and behaviors.
Define competitive positioning by comparing products and services to the main market players.
1. Objective and hypothesis of the research
2. Scope of the contract
Description of the report
Definition and scope of the market
3. Market dynamics, regulation and trend analysis
4. Global Blockchain Competition by Types, Applications and Major Regions and Countries
Global blockchain (volume and value) by type
Global blockchain (volume and value) by regions
5. Competitive landscape
6. Market Size and Future Potential, by Industry Components
7. Analysis of the production market
8. Global Blockchain Market Analysis, By Industry Components
9. Market share analysis, by region
10. Research methodology
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