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Blockchain Market World's Top Players Include IBM, Microsoft Corporation, Amazon, Intel Corporation, Xilinx, AMD, Accenture and Infosys
Coherent Market Research Published a Half Cooked Research Report on Global Blockchain Market Research Report. Avail the in-depth table of content Table of Content and market synopsis on “Blockchain Market Research Report - Global Forecast up to 2026.”The Global “Blockchain Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. These transactions are recorded in the register from a number of computers. The register maintains a continuous set of data containing information about the transaction records without changing the transaction information. The data in the register is maintained in the form of lists, which are organized in Blocks for each time period.
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Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital investments in cryptocurrencies. As of December 2017, according to CoinMarketCap, a cryptocoin price market capital tracker, total market capitalization of the cryptocurrencies was valued at over US$ 500 billion from around US$ 18 billion in 2016.
Blockchain technology can be used to build a permanent and transparent ledger system for gathering data on exchanges, real-time tracking of digital transaction and payments, and to prevent frauds and errors, are also factors expected to boost the blockchain technology market growth.
Blockchain protocol has application in various segments such as Initial Coin Offering institutions, digital currency providers, blockchain stocks, peer-to-peer lender, banking, financial services, and insurance (BFSI), and information technology to perform digital transactions, securely. Owing to this factor, blockchain-based systems are increasingly being adopted by financial sectors including digital currency providers, banking, financial institutes, and insurance.
Blockchain Market: Regional Insights
The market in North America is expected to be dominant in the global market, owing to rising awareness and increasing applications of this technology in various segments. For instance, U.S. Department of Energy is exploring the application of blockchain technology for the management of next-generation power grids. Rising demand for e-Commerce in emerging economies of Asia Pacific such as China and India is another factor fueling growth of the market.
Blockchain Market: Competitive Insights
Key players operating in the Blockchain market 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.
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On the basis of end-user industry:
- Initial Coin Offering Institutions
- Digital Currency Providers
- Blockchain Stocks
- Peer to Peer Lender
- Banking, Financial Services, and Insurance (BFSI)
- Information Technology
On basis of region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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