Global Blockchain Identity Management Market: Key Highlights
Global Blockchain Identity Management Market: Key Market Dynamics
Global Blockchain Identity Management Market: Regional Overview
The blockchain identity management market in the Asia-pacific region is estimated to observe rapid growth in coming decades. The organizations and companies in the region are gradually adopting blockchain technology compelling to growing demand of efficient and transparent operational activities. In 2019, Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank announced a joined venture with US-based firm to launch blockchain based payments network.
Owing to the substantial adaptation of the blockchain technology in Europe, the demand for blockchain identity management is expected to increase. In 2017, in Finland, prepaid debit cards based on blockchain technology were given to refugees to resolve identity issue. In 2019, a Paris-based property was sold completely using blockchain transaction. Moreover, digital identification systems based on blockchain are also emerging in the region.
Global Blockchain Identity Management Market: Key Players Overview
IBM is a US-based multinational company engaged in information technology domain. The company portfolio comprises of artificial intelligence (AI) platform, cloud, IT infrastructure, services, security and research. In blockchain segment, the company provides a solution named IBM Verify Credentials for identity management. Moreover, in 2019 Bank of New York Mellon started securing their transactions by Blockchain technology on IBM Z.
Microsoft is an American multinational technological company that engages in developing, licensing, producing and selling of consumer electronics, computer software, and other related services. The company portfolio covers six segments, software, PCs and Devices, entertainment, business, developer and IT, and other. In 2018, the company announced collaboration with MasterCard to deliver secure verification of digital identity.
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