Blockchain AI Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031

The global blockchain AI market is anticipated to grow at a considerable CAGR of 24% during the forecast period. The companies are focusing on implementing innovative blockchain-based technologies to enhance customer satisfaction, which further fuel the market growth during the forecast period. For instance, in November 2020, Proven Technology VCS and Medical physicians launched a decentralized health data marketplace powered by blockchain and AI technology. This new information infrastructure for healthcare will allow anyone to synchronize health data with a network of physicians, individuals, entrepreneurs, and institutions. With a more accessible, efficient, and smarter health information management system not siloed by any one institution, IKIGAI will enable a thriving ecosystem for patients and clinicians across the globe. In February 2022, RBI to launch a blockchain-backed digital rupee 2023. Digital currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce a digital rupee using blockchain and other technologies, to be issued by the Reserve Bank of India.

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Furthermore, in June 2021, Telefonica Tech and IBM introduced new hybrid cloud solutions that support the fuel of enterprise digital transformation using AI and blockchain technology. These solutions, an AI-powered virtual assistant and a blockchain platform for enterprise assets, are part of Telefonica and IBM's ongoing work together to embrace an open hybrid cloud strategy that can speed up how enterprises innovate to meet the evolving requirements of the customers. In December 2020, IBM started focusing on developing and expanding natural processing language (NLP) capabilities designed to support businesses. In addition, IBM also introduced new NLP advancements within IBM Watson Assistant and Watson Discovery, available in beta.

Global Blockchain AI Market Report Segment

By Component

• Software
• Services

By Deployment Model

• On-Premises
• Cloud

By Technology

• Machine Learning (ML)
• Natural Language Processing (NLP)
• Computer Vision
• Others (Context-Aware Computing)

By Application

• Payment & Settlement
• Data Security
• Data Sharing & Communications
• Asset Tracking & Management
• Logistics and supply chain management
• Others (Smart contracts, Business process optimization)

By End-User

• BFSI
• IT & Telecom
• Automotive
• Manufacturing
• Healthcare
• Others (Media & Entertainment, Education)

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Blockchain AI Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AIB Fund, Inc.
• Alpha Networks, Inc.
• Bext360
• Blackbird.ai (SocialTrendly, Inc.)
• BurstIQ, LLC
• Chainhaus, Inc.
• Core scientific, Inc.
• Cyware Labs, Inc.
• Fetch.AI Ltd.
• Figure Technologies, Inc.
• Gainfy Healthcare Network

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