Blockchain Press Releases
Quantum Key Distribution Market To Reach USD 4821 Million By 2029, Witnessing A CAGR of 34.0% | Valuates Reports
BANGALORE, India, Aug. 4, 2023 /PRNewswire/ — The global Quantum Key Distribution market is segmented by application – Financial, Government, Military & Defense, Others. Global Opportunity Analysis and Industry Forecast 2023-2029. It is published in Valuates Reports under the Internet & Telecom Category.
The global Quantum Key Distribution market was valued at USD 627 million in 2022 and is anticipated to reach USD 4821 million by 2029, witnessing a CAGR of 34.0% during the forecast period 2023-2029.
Major Factors Driving The Growth Of Quantum Key Distribution Market
The increasing demand for secure communication across a number of sectors, including government, defense, banking, healthcare, and telecommunications, has fuelled the Quantum Key Distribution market
The need for sophisticated encryption techniques that can shield sensitive data from unauthorized access is growing as cyber threats and the usage of digital technology both increase. This in turn is expected to drive the growth of the Quantum Key Distribution market.
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TRENDS INFLUENCING THE GROWTH OF QUANTUM KEY DISTRIBUTION MARKET
There is a growing understanding that conventional encryption techniques might not be adequate to secure critical information as attackers become more sophisticated. QKD presents a promising response to these issues. QKD is becoming increasingly useful and economically viable as a result of ongoing developments in quantum technology, such as increased qubit stability and greater transmission lengths. This factor is expected to drive the growth of the Quantum Key Distribution market.
Governments all around the globe have begun funding research and development projects because they understand how important quantum technologies are. The adoption and commercialization of QKD are anticipated to accelerate as a result of these expenditures. Working together to enhance QKD technology and investigate its possible uses are a number of businesses, academic institutions, and governmental organizations. These partnerships aid in the creation of standardized protocols and compatible products, which can stimulate market expansion. This factor is expected to drive the growth of the Quantum Key Distribution market.
QKD can improve transaction security, particularly for online banking and electronic payment systems. Using QKD, banks may create secure channels of communication with their clients, guaranteeing the privacy of financial data and preventing unauthorized access or data breaches. This factor is expected to drive the growth of the Quantum Key Distribution market. The existing protocol system for public-key encryption operates by creating difficult mathematical equations that are, in essence, incredibly time-consuming and difficult to solve. However, quantum computers will complete these computations in a matter of seconds, rendering current encryption techniques unusable against the more sophisticated quantum architecture systems.
For their complex ecosystems, businesses are using quantum key distribution techniques, and the majority of them are investing in space-based optical communication to build a worldwide quantum network with security applications. Solution providers are encouraged to implement new quantum cryptography technology in order to provide secure communication and data transmission networks on a worldwide scale by growing demand for cloud-based and real-time encryption software. During the projected period, this is anticipated to produce profitable prospects for the market for quantum key distribution.
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KEY DISTRIBUTION MARKET SHARE ANALYSIS
The market for quantum key distribution (QKD) is dominated by companies like Toshiba, ID Quantique, SeQureNet, Quintessence Labs, and MagiQ Technologies, among others. The top 5 corporations had around 81% of the market.
Service providers are mostly found in Europe and North America, where they account for more than 53% of the market. With a 42% market share, North America is the largest market. Asia-Pacific and Europe are following, with respective market shares of roughly 32% and 22%.
Throughout the study period, the military and defense sector will predominate
Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key players
- ID Quantique
- SeQureNet
- Quintessence Labs
- MagiQ Technologies
- Toshiba
- QuantumCTek
- Qasky
- Qudoor
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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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