Global Blockchain in Supply Chain Top Market Insight , Revenue Breakdown, Top Vendor Analysis to 2023

The global Blockchain in Supply Chain Market research report added by ReportsandReports and it comprises top vendors, such as Abra, AlphaPoin, Bitfury Group Limited, Bloq, BTL Group Ltd, Coinbase, Digital Asset Holding LLC, Ethereum Foundation, Guardtime, Internation Machine Business Corporation, IBM, Blockcypher, Inc., Microsoft, Primechain Technologies Pvt. Ltd, Skuchain, Romit and Provenance Ltd, among others.

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According to research, the global Blockchain in supply chain market is expected to have a significant compounded annual growth rate of 87.0% and reach a market size of USD 3,314.6 Mn by 2023. North America is expected to dominate the Blockchain in Supply Chain Market during the forecast period.

A Blockchain is a distributed digital ledger. It records transactions in a series of blocks. It exists in multiple copies, spread over multiple computers, which are called anodes. The ledger is secure because every new block of transactions is linked again to previous blocks in such a way that tampering with it is practically impossible. As it is decentralized, it does not depend on any single entity (Eg:Bank) for safekeeping.

Chapters Covered in the Report:

Chapter 1: Executive summary
Chapter 2: Global Blockchain in Supply Chain Market - market overview
Chapter 3: North America Blockchain in Supply Chain Market - market overview
Chapter 4: Europe Blockchain in Supply Chain Market - market overview
Chapter 5: Asia-Pacific Blockchain in Supply Chain Market- market overview
Chapter 6: Latin America Blockchain in Supply Chain Market- market overview
Chapter 7: The Middle East and Africa Blockchain in Supply Chain Market- market overview
Chapter 8: Competitive landscape

Based on type of industry, the market is segmented into private, public and consortiums; based on the application of the industry, the market is categorized into contract management, payment system, procurement, provenance, ownership transfer, asset tracking and inventory control. Moreover, based on the protocols of the industry it is divided into bitcoin, ethereum, ripple consensus network, hyperledger, R3’s corda, symbiont, distributed ledgers and others.

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Key growth factors

Blockchain transactions have become more flexible and many manual tasks are carried out automatically using smart contracts. Some of the major factors which are driving the market growth are raising cryptocurrency market capital, initial coin offering (ICO) and faster transactions.
The technology ensures enhanced transparency for consumers in the supply chain. It allows the consumers to trace and give an assurance of origin in the trade.

What’s covered in the report?

1. Overview of the global Blockchain in Supply Chain Market
2. Market drivers and challenges in the global Blockchain in Supply Chain Market.
3. Market trends in the global Blockchain in Supply Chain Market.
4. Historical, current and forecasted market size data for the global Blockchain in Supply Chain Market.
5. Historical, current and forecasted market size data for the types of global Blockchain in Supply Chain Market (private, public and consortium).
6. Historical, current and forecasted market size data by application of industry in global Blockchain in Supply Chain Market (contract management, payment system, procurement, provenance, ownership transfer, asset tracking and inventory control).
7. Historical, current and forecasted market size data by protocol of industry in global Blockchain in Supply Chain Market (bitcoin, ethereum, ripple consensus network, hyperledger, R3’s corda, symbiont, distributed ledgers, and others).
8. Historical, current and forecasted market size data by industries involved in the global Blockchain in Supply Chain Market (Banking, Financial services and Insurance (BFSI),Telecom and IT, healthcare and life sciences, manufacturing, retail, e-commerce, and others).
9. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for global Blockchain in Supply Chain Market.
10. Analysis of the competitive landscape and profiles of major companies operating in the market.
11. Key recent developments in the Blockchain in Supply Chain Market.

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An increasing need for supply chain transparency and increasing demand for enhanced security of supply chain transactions are expected to drive the market during the forecast period. Supply chains across industries and countries will be reimagined, improved, and disrupted by Blockchain technology. Now, there are safer and more efficient ways to connect with business partners and to track and exchange any type of asset.

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