Press release
Blockchain Market Overview, Demand, Size, Growth & Forecast 2018-2024 - IBM, Microsoft, and Accenture
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A $706 million market worldwide in 2017 after 10 years of being on the market, the blockchain market has evolved rather slowly. It’s biggest use has thus far been to hide the money of criminals and terrorists. After this inauspicious beginning, it is on the cusp of phenomenal growth, ready to reach $60 billion worldwide as it creates new digital economic infrastructure. Moving past a nefarious history, the blockchain market moves into rapid growth mode as the digital economy takes hold. As the banks and finance industry move into the modern age of real time transaction processing, blockchain is a core enabling technology. This market segment previously has been held back in part by the outdated aspects of the mainframe computing technology. Blockchain is spurred by more modern ways to manage global transactions across national borders from IBM, Microsoft, and Accenture. Blockchain is a type of distributed ledger system providing enhanced security to the real time digital economic process. Blockchain is comprised of blocks of digitally recorded data.
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Table of Contents
Abstract: Blockchain Markets Headed to $60 Billion Worldwide by 2024 1
Blockchain Executive Summary 15
Blockchain Market Driving Forces 15
Blockchain Leverages Artificial Intelligence (AI) 18
Blockchain Market Shares, Dollars, Worldwide, 2017 19
Blockchain Market Forecasts 20
1. Blockchain: Market Description And Market Dynamics 23
1.1 Blockchain Market Description and Market Dynamics 23
1.2 Blockchains: Cryptographically Secured Distributed Ledgers 24
1.2.1 Blockchain Companies Initial Coin Offerings — ICOs 24
1.2.2 Transfer Of Social Trust: From Institutions To Systems Using Well-Tested Computer Code 26
2. Blockchain Market Shares And Forecasts 28
2.1 Blockchain Market Driving Forces 28
2.1.1 Blockchain Leverages Artificial Intelligence (AI) 32
2.2 Blockchain Market Shares 34
2.2.1 Blockchain Market Shares, Dollars, Worldwide, 2017 36
2.2.2 IBM and Microsoft 37
2.2.3 IBM Blockchain 38
2.2.4 IBM Implements AI Support for Blockchain 39
2.2.5 IBM Blockchain Decentralized Ledger In Supply Chains 39
2.2.6 IBM Blockchain Decentralized Ledger In Medical Industry 40
2.3 Blockchain Market Forecasts 40
2.4 Blockchain Applications 46
2.5 BFSI: Blockchain Impact on Stock Market 50
2.5.1 Blockchain Impact on Financial Services and Banking – Forecasts to 2024 62
2.6 Blockchain for Healthcare 64
2.7 Blockchain for Cybercurrency and Legal Industry 70
2.8 Blockchain for Supply Chain 73
2.9 Blockchain for Internet of Things 75
2.9.1 SoftBank CEO Masayoshi Son Sees 1 Trillion Devices for Internet of Things 80
2.10 Cloud Revenue 81
2.11 Blockchain Pricing 83
2.11.1 IBM Blockchain 83
2.11.2 Microsoft Blockchain Pricing 86
2.12 Blockchain Regional Market Segments 88
3. Blockchain Product Description 91
3.1 Blockchain Best Known For Being The Technology Underlying Cryptocurrencies 91
3.2 JPMorgan Chase Blockchain Network Quorum 92
3.3 Blockchain Best Known For Being The Technology Underlying Cryptocurrencies 93
3.4 HIVE Blockchain Technologies 94
3.5 Accenture 94
3.6 Hitachi 94
3.7 Overstock 94
3.8 Digital Currency: BitCoin 95
3.9 China Opens Its Financial System To The World 98
3.9.1 China Ending Anonymity of Virtual Accounts to Cryptocurrency Exchanges 99
3.10 Korean Blockchain Association 100
3.11 European Union Central Bankers On Cryptocurrency 101
3.12 Fidelity Investments, Blockchain 103
3.13 Ethereum 104
3.14 Blockchain Bitcoin 105
3.15 Ripple Blockchain 107
4. Blockchain Research And Technology 108
4.1 On a Blockchain, a Node Replicates The Data For All Nodes 108
4.2 Blockchain Electricity Usage 109
4.3 Accenture Patent Tied To "Editable Blockchain" 109
5. Blockchain Company Profiles 110
5.1 360 Blockchain Inc 110
5.2 Accenture 110
5.2.1 Accenture Blockchain Solutions 110
5.2.2 Accenture Blockchain Partnerships 110
5.2.3 Accenture Alliance with Digital Asset Seeks To Fundamentally Change The Way Companies Verify And Settle Transactions 111
5.2.4 Accenture Collaborates with Partners 112
5.2.5 Accenture Digital Asset Partners 113
Continue……
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