Global Blockchain Market: Key Highlights
Global Blockchain Market: Key Market Dynamics
Global Blockchain Market: Regional Overview
The blockchain market in Asia-pacific is projected to be fastest growing in coming decades. The regulatory authorities have introduced various initiatives in the region to surge the adoption of blockchain technology. In addition, a large share of youth population is concentrated in this region which may also be a contributing factor in the growth of the market in the region.
Europe is predicted to gain the largest market share in the market. The blockchain technologies is being adopted substantially by the organizations in this region and the enhanced regulatory framework related to blockchain may surge the demand of the technology in the region. In April 2018, European Blockchain Partnership was created under this European Blockchain Services Infrastructure (EBSI) will be built to provide public services using blockchain technology across the European Union.
Global Blockchain Market: Key Players Overview
IBM is a US-based company functioning in information technology domain. The product portfolio of the firm comprises of artificial intelligence (AI) platform, cloud, IT infrastructure, services, security and research. In addition to this there is a blockchain segment in the portfolio, the IBM Blockchain Platform is catered by the firm. This platform helps in making, managing and governing blockchain network. Moreover, in February 2020 Avril Group a France-based company linked with IBM Food Trust which is an ecosystem based on blockchain for food industry.
Microsoft is an American multinational technological company engaged in designing, licensing, manufacturing and selling consumer electronics, software and other solutions related to PCs and such devices. The product portfolio of the organization covers following segments, software, PCs and Devices, entertainment, business, developer and IT, and others. In 2019, Starbucks using Microsoft Azure started providing customized order suggestions to the customers using app of Starbucks.
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