Blockchain Technology Adoption In US
In 2020P, emerging tech adoption will continue the upward trend with technologies like AI, blockchain & machine learning picking up the pace. Blockchain is supposed to have the biggest impact as data collection & its sanctity becomes of the utmost importance. It is expected that spend on blockchain around the world will increase 3.5X in the next 3 years at a CAGR of ~50%. Currently, blockchain has ~ 2,500 patented products with USA amounting to ~700 of those. Furthermore, the blockchain market size is expected to grow at ~30% in the coming 4 years.
Blockchain Technology Growth & Current Infrastructure
Macro Outlook of the Blockchain Industry
Total # of Patents: ~ countries have filed ~ patents as of December 2019
Global Blockchain Market: Global value of Blockchain is expected to be worth ~ by the end of 2024
Highest # of Patents: USA has filed highest # of patents with ~ patents preceding China (~)
Total # of Wallets: Currently ~ Blockchain enabled wallets have been utilized
End User Perspective towards Blockchain pertaining to:
Cost Reduction
Revenue Optimization
Risk Mitigation
Operational Efficiency
Social Impact
Consumer Impact
Public Sector
Identification Records- Public records, which can be nearly any type of information that the government produces or administers, are an obvious use for a tamperproof, authentic & transparent Platform. This use of blockchain is underway in many nations & under consideration by the State of Illinois in USA.
Intellectual Property Records: Various public & private Organizations can digitize physical assets and create a decentralized immutable record of all transactions, making it possible to track assets from production to delivery or use by end user. This can help in enabling efficient user discovery in case of errors & cases of fraud & malicious activities against individuals of state
Permits & Permissions: A perennial complaint among both Businesses & Individuals that interact with the government is the time required to obtain the necessary approvals for some routine activities. Digitized Permits or Smart Contracts can be built on distributed ledger technology that can help to streamline some processes.
- Key Segments Covered (Use Case Analysis): -
Public Sector
Permits & Licenses
User Identification
Vital Documents
Legal Records
Private Sector
BFSI
Education
Healthcare
Business Services
Manufacturing & Retail
Entertainment & Hospitality
Telecom
Energy
Key Target Audience
Hardware Technology Manufacturers
Software Technology Manufacturers
Cloud Storage Providing Enterprises
Public Institutions (Engaged in Issuance of Records)
Online Education Providers (Ed-Tech Companies)
IT Enterprises
BFSI Enterprises
Healthcare Enterprises
Universities & Schools
Hospitality & Entertainment Enterprises
Blockchain Industry Associations
Legal Service Providers
Manufacturing Enterprises
International Retail & maritime Shipment Providers
Blockchain Technology Software’s Providers
Engineering Service Providers
Time Period Captured in the Report:
Historical Period: FY’2014-FY’2020
Forecast Period: FY’2020-FY’2025
Companies Mentioned:
Blockchain Enabled Record/Certificates Issuing Companies
Smart Certificate
CloudCerts
Blockeducate
Block.Co
Certy
Certify
Others include Blockcerts, Verisas & more
Key Topics Covered in the Report:
Analysis of Enterprise IT Infrastructure in USA
IT Expenditure – Macro Overview
IT Expenditure Breakdown
Major Focus in IT Infrastructure Expenditure
New Technology Trends which are expected to have the Biggest Impact
Blockchain Technology Growth & Current Infrastructure
Lifecycle of Blockchain
Current Adoption of Blockchain Infrastructure
End User Perspective towards Blockchain
End User Analysis of Blockchain Enabled Record issuing platform
Public Sector Analysis & Use Cases
Private Sector Analysis & Use Cases
Competition analysis of current Blockchain Enabled Record issuing platform covering Overview, API Analysis, Pricing Analysis, Platform Analysis
Perception based Survey analysis of USA based enterprises
Awareness of Blockchain & Security Needs
Security a Priority for Entities Utilizing Digital Solutions
Influencing Factors for Decision Makers
Gap Analysis in Current Secured Digital Solutions
Analysis of Current Digital Platform Usage
Major Benefits Availed from Adoption of Secured Digital Solutions
Analysis of Entities Utilizing Physical & Unsecured Methods
Analysis of Problems associated with Physical & Unsecured Issuance
Adoption of a blockchain enabled record issuing platform
Mass Adoption of blockchain enabled record issuing platform Dependent on Customized Features
Subscription Model Analysis
Availability of Customized Solutions
Product Strategies & Overview
Feasibility Study of a block chain enabled record issuing platform
Exhaustive Industry basis Use Case Analysis
Analysis of Product Features & Offerings
Product Promotion & Assessment of Target Audience
Pricing & Subscription Analysis
For More Information on the research report, refer to below link: -
USA Blockchain Enabled Record Issuing Platform Market
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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