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Dublin, March 27, 2023 (GLOBE NEWSWIRE) -- The "Blockchain Technology Market by Use Case, Business Model, Solutions, Services and Applications in Industry Verticals 2023 - 2028" report has been added to ResearchAndMarkets.com's offering.

This report examines the technology, leading companies, and solutions in the evolving blockchain ecosystem. The report evaluates current and anticipated use cases for blockchain and assesses the market potential globally, regionally, and segmented by deployment type and industry vertical.

The report also evaluates key players, solutions, and use cases. The report also assesses the prospect of integrating blockchain with other technologies including IoT and artificial intelligence. The report includes forecasts by use case, application, and industry verticals from 2023 to 2028.

Select Report Findings:

Block technology provides a certain means of authentication, authorization, and accounting. Blockchain and related distributed authentication and accounting technologies are poised to transform ICT, and is so doing, causing substantial disintermediation across a wide variety of industry verticals.

Lessons learned in FinTech and traditional banking from the deployment and operation of decentralized authentication, clearing, and settlement will be applied towards many telecom and computing problems for the benefit of many industry verticals. The impact will be wide-ranging, including everything from investing/trading to the legal cannabis industry, and very deep in terms of changes to supply chains and relationships between vendors, customers, and peers.

Integration and operation of Blockchain technology will redefine how various industries operate, dramatically improving efficiencies, and reducing the cost of doing business. For example, start-up companies have been launched to provide software and microchip hardware that facilitates connected devices to operate on blockchain. Products have been designed to encrypt data, distribute information to blockchain-connected machines, and monetize these machines.

One important technology integration area is the Internet of Things (IoT), which is a very promising area as we anticipate that the use of Blockchain in IoT networks/systems will be one of the most important means for authenticating and authorizing transactions. For example, HYPR provides solutions to reduce cybersecurity risks in IoT devices through its decentralized credential approach. Their products reduce the need for passwords in a centralized server, replacing them with biometric and other password-free solutions. This provides for IoT devices that are virtually unhackable from a social engineering perspective.

Another important area for blockchain in telecommunications is resource identity including tracking ownership and care of custody of assets such as telephone numbers. Developments in this area may be leveraged to dramatically improve enterprise identity verification for voice and non-voice communications to consumers.

We also see Blockchain as a Service (BaaS) representing a key service offering for many market segments as a means of solution introduction and scalability via a cloud services model. For example, AI in supply chain management solutions combined with blockchain technology market solutions to dramatically improve SCM.

Key Topics Covered:

1.0 Executive Summary

2.0 Introduction

3.0 Blockchain Ecosystem and Marketplace3.1 Blockchain Types and Stakeholders3.2 Blockchain Applications3.2.1 Financial Services3.2.2 Non-Financial Services3.3 Blockchain Application in Industry Verticals3.3.1 Financial Industries3.3.2 Manufacturing and FMCG3.3.3 Government and Public Sectors3.3.4 Healthcare and Life Science3.3.5 Telecommunication, Media, and IT3.3.6 Automotive Vehicles and Transportation3.3.7 Retail and E-Commerce3.3.8 Other Sectors3.4 Blockchain in Internet of Things3.5 Blockchain as a Service3.6 Blockchain Stakeholders in ICT3.7 Blockchain to Improve Cybersecurity3.8 Blockchain Investment Analysis3.9 Important Blockchain Consortia and Associations3.9.1 R3cev Blockchain Consortium3.9.2 Post Trade Distributed Ledger Group3.9.3 Hyperledger Project3.9.4 Global Payments Steering Group3.9.5 Financial Blockchain Shenzhen Consortium3.9.6 Cu Ledger3.9.7 Blockchain Collaborative Consortium3.9.8 Wall Street Blockchain Alliance3.9.9 Japan Blockchain Association3.9.10 Korea Financial Investment Association3.9.11 Nimbrix Consortium3.9.12 B3i3.10 Blockchain Solutions in Industry Verticals3.10.1 Japan Exchange Group Blockchain Consortium3.10.2 Walmart Blockchain for Food Safety3.10.3 Ubitquity Blockchain in Real Estate3.10.4 HYPR and Blockchain Biometrics3.10.5 Whaleclub Trading Supported by Blockchain3.10.6 EasyBit Expands Bitcoin ATM Network to Vietnam3.10.7 Blockchain Technology as Medium to Declare Love and Marriage3.10.8 Bitcoin Boosts Solar Energy Industry3.10.9 LO3 Energy and Siemens Blockchain for Microgrids3.10.10 MasterCard Blockchain APIs3.10.11 ConsenSys and UAE Partnership for Blockchain Projects3.10.12 People's Bank of China Digital Currency3.10.13 China Halts withdrawals of Bitcoin3.10.14 Huiyin Group Bitcoin Fund3.10.15 BitFury Group and Blockchain3.10.16 Reserve Bank of India Blockchain Technology for Trade Applications3.10.17 YES Bank to Multi-nodal Blockchain Solution for Bajaj Electricals3.10.18 European Bank Digital Trade Chain3.10.19 BTL Group to Test Interbit Platform with Energy Companies3.10.20 BNP Paribas Test Blockchain-Based Real-Time Corporate Payments3.10.21 WISeKey to Establish IoT Blockchain Center of Excellence3.10.22 ARK Crew Testnet for Blockchain3.10.23 ICICI Bank and NBD Blockchain-based Transactions3.10.24 PAXOS Blockchain for Gold Settlement with Euroclear3.10.25 Microsoft and BAML Blockchain Improve Trade Finance3.10.26 Mahindra Group Blockchain Solution with IBM3.10.27 Chitkara University Blockchain for E-Documents3.10.28 UBS Expands Blockchain in China3.10.29 IBM China and UnionPay Permissioned Blockchain Network3.10.30 IBM and Beijing Energy-Blockchain Labs Use Blockchain for Carbon Trading3.10.31 European Central Bank and Japan Central Bank Explore Blockchain3.10.32 OneCoin Enhanced Blockchain3.10.33 Sompo Japan Use Blockchain for Catastrophe and Weather Derivatives3.10.34 Tech Bureau and Zaif Bitcoin Exchange3.10.35 Hitachi and BTMU Utilize Blockchain to Bank Check3.10.36 Senegal National Digital Currency3.10.37 Singapore Blockchain for Electronic Payment System3.10.38 Accenture and Digital Asset Holdings Blockchain Practice3.10.39 RISE Financial Technologies Post-Trade Blockchain Technology3.10.40 VISA to Introduce Blockchain-Based Solution for Payment Services3.10.41 Chain Inc. Released Open Source Blockchain Protocol3.10.42 Colu and Blockchain-Based Currencies3.10.43 DigitalX Partnership with Telefonica3.10.44 Eris Industries Partners with Ledger Improve Blockchain Hardware Security3.10.45 Monax Industries Partnership with Ledger for Blockchain Hardware Security3.10.46 German Central Bank, Deutsche Bundesbank Blockchain Trading Prototype3.10.47 UK Trials Blockchain Welfare Payment System3.10.48 Santander Blockchain for International Payments3.10.49 Electron Ethereum Blockchain in UK Energy Sector3.10.50 Bank of Russia Tests Masterchain3.10.51 GoCoin Merges with Ziftr3.10.52 Tunisia National Payment Platform3.10.53 Digital Asset Acquired Elevence3.10.54 NASDAQ Blockchain in Private Market with Chain Inc.3.10.55 AlphaPoint Blockchain Tool for Banks

4.0 Blockchain Market Dynamics4.1 Market and Technology Drivers4.1.1 Increased Blockchain within Traditional Financial Institutions4.1.2 Digitization for Improved Service Realization and Error Prevention4.1.3 Cloud-based Service Delivery Models4.2 Challenges and Opportunities4.2.1 Security Issues4.2.2 Regulation and Governance4.2.3 Mergers and Acquisitions

5.0 Blockchain Market Case Studies5.1 Blockchain Asset Management and Real Estate Case Study5.2 Blockchain Case Study for Government in the UAE5.3 Honeywell Aerospace creates online parts marketplace with Hyperledger Fabric5.4 SGX Used Amazon Managed Blockchain for an Innovative Payment Solution5.5 Zug Digital ID Case Study5.6 ING Group: KYC System on Blockchain5.7 Streamlining Efficiency in Logistics with IoT Blockchain5.8 Palm Oil Industry Case Study Using Blockchain and IoT

6.0 Blockchain Market Outlook and Forecasts 2023 - 20286.1 Global Market Forecast 2023 - 20286.2 Blockchain Markets by Solution 2023 - 20286.3 North America Blockchain Technology Markets 2023 - 20286.4 Europe Blockchain Technology Markets 2023 - 20286.5 Asia Pacific Blockchain Technology Markets 2023 - 20286.6 Middle East & Africa Blockchain Technology Markets 2023 - 20286.7 Latin America Blockchain Technology Markets 2023 - 2028

7.0 Blockchain Vendor Analysis7.1 21, Inc.7.1.1 Company Overview7.1.2 Recent Development7.2 Accenture7.3 Abra, Inc.7.4 Alphapoint Corporation7.5 Amazon7.6 Baidu7.7 Bitfury Group7.8 Blockchain Global Limited7.9 BlockCypher, Inc.7.10 Bloq7.11 BTL Group (Blockchain Tech Ltd.)7.12 Interstellar, Inc.7.13 Circle Internet Financial Limited7.14 Coinbase7.15 Coinfirm Ltd.7.16 ConsenSys Systems7.17 Credits7.18 Dell Technologies7.19 Deloitte Touche Tohmatsu7.20 Digital Asset Holdings7.21 Digitalx Ltd.7.22 DMG Blockchain Solutions7.23 Earthport (Visa)7.24 Factom Inc.7.25 Fidelity Investments7.26 Global Arena Holding, Inc.7.27 HP7.28 Holo7.29 HyperLedger7.30 IBM Corporation7.31 Intelygenz7.32 IOTA7.33 Libra Services, Inc.7.34 Linux Foundation7.35 Microsoft Corporation7.36 Monax7.37 NASDAQ7.38 Overstock7.39 R37.40 Ripple7.41 ShoCard (Ping Identity)7.42 TenCent

8.0 Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/o6678d

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Link:
Outlook on the Blockchain Technology Global Market to 2028 ... - GlobeNewswire