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Blockchain Identity Management Market Comprehensive Study by Key Players: Civic Technologies, Inc., Coinfirm, Evernym, Inc., Factom, Existence ID, IBM Corporation

12-27-2019 02:46 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Blockchain Identity Management Market

Blockchain Identity Management Market

Global blockchain identity management market is projected to register a CAGR of 52.5% in the forecast period of 2019 to 2026. Blockchain identity management offers a secure and decentralized solution for digital identity enabling distributed trust model. The blockchain technology is transforming the existing identity management system by offering the self-sovereign identity over decentralized networks as sharing multiple IDs may lead to security concerns and data breaches. Since blockchain enables decentralization, it eliminates the aforementioned intermediaries between any interaction and communication. Blockchain technology helps improving the existing identity management by resolving the issues of identity theft, KYC onboarding, and lack of control over personal data.
The blockchain identity management solution works by registering for global ID, followed by upload of know-your-customer (KYC) documents, verification of KYC documents, generating trust score of the individual and providing a digital ID. We can implement this solution over permissioned and permissionless networks, i.e., private and public networks respectively, although permissioned networks are more secure as it allows access based on the invites only.

This global blockchain identity management market research report encompasses drivers and restraints for the market which are derived from the well-established SWOT analysis. The market report is a synopsis of the market facts, stats and figures for the forecast period of 2019 - 2026. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major topics in which this blockchain identity management business document is divided. This industry report covers all the market shares and approaches of the major competitors or the key players in the market. blockchain identity management report also identifies significant trends and factors driving or inhibiting the market growth.

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Product Launch

In February, 2019, IBM unveiled its latest product portfolio for Internet of things (IoT) solutions which involve advanced analytics and artificial intelligence for assisting intensive organizations such as Metropolitan Atlanta Rapid Transit Authority.
In November, 2018, Amazon Web Services announced its 13 latest machine learning capabilities and services, which include 1/18 scale autonomous racing car for developers and a custom chip for machine learning inference.
In October, 2018, Civic Technologies, Inc. launched a new solution, Civic Connect. Civic Connect is an app-to-app integration which enables mobile apps to integrate Civic Secure Login and reusable KYC to authenticate users.
In April, 2018, BTL Group Ltd. announced the launch of Interbit platform for testing and feedback. Interbit is proprietary next-generation token free blockchain platform which is built to address the scalability and privacy shortcomings of blockchain platforms.
In November, 2016, Bitnation released marriage app on Ethereum Blockchain. The application went into Ethereum Hackathon. This application is a functional jurisdiction in a robust marriage contract, such as ability to choose code of arbitrator, law and create a sign, an escrow, timestamp or contract.

Key Market Competitors:
Some of the key players profiled in the study are Amazon Web Services, Inc., Bitfury Group Limited, Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies, Inc., Coinfirm, Evernym, Inc., Factom, Existence ID, IBM Corporation, KYC-CHAIN LIMITED, Netki, Microsoft, Neuroware, OriginalMy.com, Peer Ledger, Inc., uPort, UniqID, Tradle, Oracle, ShoCard, Nodalblock among others.

Key Segmentation : Global Blockchain Identity Management Market
By Networks (Permissioned, Permissionless),
Provider (Application Providers, Middleware Providers, Infrastructure Providers), Organization Size (Large Enterprise, Small Enterprises, Medium-Sized Enterprises), Industry (BFSI, Government, Healthcare and Life Sciences, Telecom and IT, Retail and E-Commerce, Transport and Logistics, Real Estate, Media and Entertainment, Travel and Hospitality, Others)
Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Middle East and Africa)

Some extract from Table of Contents
1. Introduction
2. Research Methodology
3. Market Overview
4. Ingredients Overview
5. Product Overview
6. Application Overview
7. Regional Overview
8. Company Profile

Download table of Contents with Figures & Tables @ https://www.databridgemarketresearch.com/toc/?dbmr=global-blockchain-identity-management-market&DP

Key questions answered in the Global Blockchain identity management Market report include:

• What will be Blockchain identity management market share and the forecast for 2019-2026?
• What are the key factors compelling the worldwide Blockchain identity management market?
• Who are the key players in the world Blockchain identity management industry?
• What are the factors impacting the revenue and production growth of the Blockchain identity management market?
• What are the opportunities & challenges in the Blockchain identity management industry?

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