Blockchain technology is being increasingly used in the BFSI segment for financial transactions and cross-border payments. In the Banking and financial sector, it is utilized to secure payments, maintain customer identities, settle cross-border payments, etc.
The global Blockchain Technology markets has been performing robustly over the last decade and is anticipated to grow with a healthy CAGR during the forecast period. The market is also expected to report elevated growth rates in the near future.
The Global Blockchain Technology Market is anticipated to thrive at a CAGR of 42.8% by 2025. Rapid industrialization, rising demand for the Blockchain Technology , and brisk technological advancements are expected to fuel the market growth during the forecast years.
Saudi Aramco, a one of the biggest firm in the world, alongwith 12 other investors, has invested 5 Million in blockchain trade platform, Vakt
Top Players in Blockchain Technology Market are Microsoft, IBM, Oracle, Deloitte, The Linux Foundation, Altoros, Consensus, VironIT , Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), Fintech & Blockchain Software House
Premium Market Insights latest report, “Blockchain Technology Market– Global”, the objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report studies essential market players such as BTL Group, Chain, Circle Internet Financial, Deloitte Touch Tohmastu
The expansion in demand for blockchain technology is unstoppable, and it has widened the scope for blockchain development companies in the market. The inflation for blockchain-based software is the main reason behind the enhancement in the use of blockchain applications.
The global blockchain in energy market is projected to reach a market size of USD 7,110.1 million by 2023, at a CAGR of 78.32%, from an estimated USD 394.3 million in 2018.
Top Players are TCS, Accenture, Cognizant, Microsoft, VirtusaPolaris, IBM
GoodFirms highlights the most excellent developers for blockchain technology from three major states of the US that are California, Washington, and New York for their credibility to provide remarkable blockchain services
Blockchain technology has seen great innovation in the past few years. Originally designed for providing more security for cryptocurrency or Bitcoin, the technology can be seen almost everywhere. From supply chain, manufacturing, travel, finance, the technology is used to make all sorts of applications for various platforms.
In the past few years, you must have heard about terms like Bitcoin and cryptocurrencies. Blockchain as many of you would know was the driving force behind the popularity of Bitcoin. The success of Bitcoin showed immense opportunities for other industries to grow using Blockchain technology.
The key players covered in this study Microsoft Corporation Deloitte Touche Tohmatsu Limited IBM Corporation R3 Chain Inc Consensus Systems (ConsenSys) Ripple Digital Asset Holdings Credits Market segment by Type, the product can be split into Public Blockchain Private Blockchain Consortium Blockchain Market segment by Application, split into Financial Services Non-financial Sector Market segment by Regions/Countries
The report provides a basic overview of Blockchain Technology Market including definitions, classifications, applications and industry chain structure.
GoodFirms research features the top companies for blockchain projects that are well versed on working on different platforms of blockchain with rich experience.
The blockchain is an emerging technology that came into the market in the first decade of the 21st century. Nowadays it is a hot topic for discussion but most of don’t know why it is considered as a breakthrough in computer science. In this article, we will be discussing features and components of blockchain which makes it a prominent candidate who deserve this hype.
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