The Report Global
Blockchain Technology Market (2018-2023) gives a detailed analysis
on the global market for blockchain technology. The report gives current
and forecasted regional (North America, Europe, Asia-Pacific, Latin America,
and Middle East and Africa) market size data for the global blockchain
technology market, based on applications: smart cities, smart factories,
connected healthcare, connected vehicles, smart grids, and other, based on end
users industries manufacturing, energy and utility, IT and telecommunication,
healthcare and life sciences, consumer appliances, and transportation and
logistics. The report covers market trends and market drivers and challenges
for the global edge computing market. The report will help in formulating
product marketing strategy based on industry and economic factors. The top
players in the market are Microsoft Corporations, IBM, Accenture, Deloitte, Capgemini,
Cognizant, Infosys, Tata Consultancy Services, VirustaPolaris, Wipro, Chain,
Consensys, R3 Cev, Ripple, Guardtime, Gem, Everledger and Ascribe.
Blockchain is a block of
chain of blocks, which store digital information that are stored in public
database. These blocks are made of digital information. There are various types
of information that can be stored. The first type of information is about the
transactions. It stores information about the nature, amount and time of the
transactions. The second type of information it stores is about who is
transacting. It stores information about the person along with name which is
not the original name but a name which is sort of a digital signature. The
blocks have unique information and these are distinguished from each other
block.
Just like the dot com
revolution of the 90s, blockchain is expected be the revolution of this decade.
Few important developments in the blockchain technology are widespread
distributed data models, standardization and collaboration. DLT (distributed
ledger technology) based government systems are on the way where many
governments are looking forward to replace their digital structures and is a
proof that it will develop over the time. Another advancement in blockchain
technology is the standardisation among different blockchains.
There is a growing
importance of specialised chains. Many underperforming cryptocurrencies have
created a market for public technical debt and though as an industry new
industry – grade blockchain uses cases, there are highly likely chances for an
ecosystem with specialised chains and utility chains in parallel. Blockchain
also ensures transparency across industries since the distributed ledger is
prepared in such a way that provides complete privacy and control over data.
Blockchain has also paved way for negotiations and trade to reach consensus
towards secured data and common standards.
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
