Blockchain Technology Market Experience a Tremendous Growth in Near Future by top Key Players Deloitte, Global Arena Holding, IBM Corporation, Microsoft Corporation,etc.

Blockchain Technology Market

Blockchain technology is used to record Bitcoin transactions via a global network of computers. It is a continuously growing list of blocks (records) that are linked and secured using cryptography. Each new block created is connected to the previous block via a "cryptographic Hash". Chinese organizations are planning to develop the world's leading Blockchain-based platform. The Chinese government is backing a blockchain fund of worth USD 1 Bn. Government auditors are looking forward to utilizing Blockchain technology as a solution to store data.

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The key market players in the industry include IBM Corporation; Microsoft Corporation; Linux Foundation; and R3. Some other key players in the market include BTL Group; Chain Inc.; Deloitte; Circle Internet Financial Limited; Global Arena Holding, Inc. (GAHI); Post-Trade Distributed Ledger; Ripple; and Eric Industries; among others.
The industry is characterized by a growing amount of investments in the developing technology structure and increasing collaboration among different stakeholders. For instance, in April 2016, Microsoft Corporation (U.S.) entered into a partnership with R3 consortium to gain a competitive advantage over Amazon Inc. (U.S.) and Alphabet’s Google Inc. (U.S.). Similarly, Deloitte is also leveraging the expertise for the auditing and reconciliation processes.

Type Outlook
◦ Public
◦ Private
◦ Hybrid

Component Outlook
◦ Application & Solution
◦ Infrastructure & Protocols
◦ Middleware

Application Outlook
◦ Digital Identity
◦ Exchanges
◦ Payments
◦ Smart Contracts
◦ Supply Chain Management
◦ Others

Enterprise Size Outlook
◦ Large Enterprises
◦ Small & Medium Enterprises

End Use Outlook
◦ Financial Services
◦ Government
◦ Healthcare
◦ Media & Entertainment
◦ Retail
◦ Transportation & Logistics
◦ Travel
◦ Others

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