Blockchain
Blockchain Technology Market Worth $21,070.2 Million by 2025; Increasing Research & Regulatory Approvals to Boost Growth, says Fortune Business Insights™
Pune, Jan. 02, 2020 (GLOBE NEWSWIRE) — The global Blockchain Technology Market size is projected to reach USD 21,070.2 million by the end of 2025, thereby exhibiting a CAGR of 38.4%. Fortune Business Insights™ published this information in a recent report, titled, “Blockchain Technology Market Size, Share and Industry Analysis by Product Type (Vertical Solutions, Blockchain-as-a-Service), Deployment, Industry Vertical (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom, Media & Ent., Retail & Consumer Goods, Travel and Transportation), and Regional Forecast 2018-2025.” The report further states that the market was valued at USD 1,640.7 million in 2017.
Highlights of the Report
- Analysis of the latest competitive developments, such as contracts, agreements, new product launches, joint ventures, and acquisitions.
- Profile of major companies and in-depth information about their core competencies and market size.
- Elaborate data about various insights consisting of Blockchain Technology Market trends, drivers, obstacles, opportunities, and challenges.
To gain more insights into the market with detailed table of content and figures, click here: https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072
Growing Regulatory Approvals by Several Authorities to Boost Growth
Nowadays, the industry giants are focusing mainly on investing huge sums in the research and development activities to create and implement blockchain in their companies. Besides, the government, as well as public authorities, are showcasing high interest in regulatory and research approvals of the products that are being launched in the market. All these factors are anticipated to propel the Blockchain Technology Market growth during the forecast period.
Proof of Concept Segment to Lead Fueled by Rising Usage in BFSI and Retail Industries
In terms of deployment, the market is grouped into production, pilot, and proof of concept. Amongst these, the proof of concept segment is anticipated to lead the market in the coming years. This growth is attributable to the increasing investments by the governments of various countries for implementing this solution in the emerging or niche industries, namely, healthcare and BFSI. Moreover, the validated requirement of blockchain solutions for optimizing online transaction facilities in the retail and BFSI industries would also accelerate the growth of this segment. Some of the most significant end users of proof of concept solutions are manufacturing, life sciences, and healthcare industries.
North America to Dominate Backed by Rising Partnerships Between Industry Giants
Geographically, the market is segregated into Europe, the Middle East and Africa, Asia Pacific, North America, and Latin America. Out of these regions, North America had generated USD 820 million Blockchain Technology Market revenue in 2017. It is expected to retain its dominant position in the coming years owing to the rising partnerships and alliances between service providers and prominent companies in the U.S. They are doing so to ensure the coherent deployment of blockchain technology. Europe is projected to experience high growth stoked by the increasing dominance of the manufacturing industry in this region. Asia Pacific, on the other hand, is likely to showcase moderate growth and a significant CAGR on account of the rising number of investments undertaken by financial technology organizations in the developing nations, such as Korea, China, Japan, and others.
IBM Launches Blockchain Platform Free 2.0 Beta with Enhanced Features
February 2019: IBM launched its latest next-generation cloud-based Blockchain Platform Free 2.0 Beta. It is a fully-flexible blockchain platform. It provides three state-of-the-art capabilities that are not present in any of the other available platforms in the market. It maintains complete control of the user’s smart contracts, ledge, and identities through a redesigned console. The user can connect an individual peer to multiple networks and even deploy only the necessary components. It aids in augmenting the user’s ability to gain advantage from several industry networks. Lastly, it helps the user to grow very easily and quickly by letting the person move from development to test, and to production in a single environment. Overall, this new development would support IBM in gaining more Blockchain Technology Market share during the forthcoming years.
Fortune Business Insights™ profiles some of the most renowned companies operating in the Blockchain Technology Market. They are as follows:
- Bits, Inc (Tendermint, Inc.)
- Fintech & Blockchain Software House
- Oracle Corporation
- VironIT
- Consensus Systems
- Microsoft Corporation
- Schvey, Inc. (Axoni)
- Altoros
- IBM Corporation
- The Linux Foundation, Chain Inc.
- Other reputed market players
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/blockchain-technology-market-100072
Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global Market Overview
- Key Market Indicators
- Macro and Micro Economic Factors
- Emerging Market Trends
- Industry SWOT Analysis
- Global Blockchain Technology Market Analysis, Insights and Forecast, 2015-2026
- Definitions
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Vertical Solutions
- Blockchain-as-a-Service
- Market Analysis, Insights and Forecast – By Deployment
- Proof of Concept
- Pilot
- Production
- Market Analysis, Insights and Forecast – By Industry Vertical
- BFSI
- Energy & Utilities
- Government
- Healthcare and Life Sciences
- Manufacturing
- Telecom, Media & Entertainment
- Retail & Consumer Goods
- Travel and Transportation
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Blockchain
XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato
XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, is excited to announce the upcoming launch of its inaugural V2 creator token, $DON, in collaboration with Ape Terminal. The creator token to be launched in partnership with TheDonato, South America’s prominent content creator with 40M+ subscribers and 7B views, has garnered over 25,000 sign-ups and a 2,400% oversubscription.
The strategic listing on Ape Terminal aims to draw TheDonato’s vast fanbase into the crypto space, which would inject fresh capital from Web2 users, marking a significant milestone for XCAD Network’s foray into creator tokens. The launch of $DON signifies a new chapter in
fan engagement and content monetisation, revolutionising the relationship between creators and their audiences.
Oliver Bell, CEO and Co-founder of XCAD Network, shared his vision for the collaboration with Ape Terminal and TheDonato, stating, “This launch on Ape Terminal represents a transformative moment for XCAD Network and the creator economy at large. With Ape
Terminal’s sophisticated infrastructure, it provides the perfect launchpad for creator tokens like $DON, facilitating seamless transactions and ensuring broad accessibility to both seasoned crypto enthusiasts and newcomers from Web2.”
Through the upcoming launch of $DON, fans will be turned into stakeholders through governance. They will also find a deeper engagement with TheDonato through meet-and-greet sessions, featuring in TheDonato’s videos, an exclusive Discord community, and more.
“The $DON token is just the beginning,” added Bell. “Our platform empowers creators like TheDonato to deepen connections with their fans while offering fans unprecedented access and influence over their favourite content. The collaboration will enable us to roll out a suite of
creator tokens that empower fans and enhance the digital content landscape. We are thrilled to see how this evolves and the new opportunities it creates for creators and their communities.”
With a total supply of 1 billion tokens, the $DON token allocation includes 30% for fan incentives, 20% for pre-sale, 30% for MM-Exchange-LP, and 10% each for contributors and marketing. Through $DON, fans transcend traditional boundaries, gaining unparalleled access
and influence over TheDonato’s creative journey while being rewarded for their unwavering support.
This launch will not only mark a milestone for XCAD Network, but also underscore Ape Terminal’s position as the go-to platform for groundbreaking crypto ventures, ushering in a new era of creator-fan interaction and financial empowerment.
The post XCAD Network to Launch Inaugural v2 Creator Token $DON on Ape Terminal with YouTube Star TheDonato appeared first on HIPTHER Alerts.
Blockchain
Coreum introduces recipients for Wave 3 of its app development grant
The Coreum Development Foundation, or Coreum, the open-source enterprise-grade layer 1 blockchain, closes Wave 3 of its grant development program by selecting eight new grantees. Each grant recipient is poised to enhance the blockchain’s scalability and Smart Token functionality, contributing to its expansion and utility for token holders and ecosystem partners.
With institutional involvement in the blockchain ecosystem reaching new heights, the urgency for interoperability and enterprise-grade infrastructure is more critical than ever. This is especially true as traditional firms are searching for ways to scale their blockchain operations to match their ambitions and client demands within the decentralized financial realm. As such, established companies, including blockchain-native ones, have an opportunity to nurture emerging talent and projects that will help advance infrastructure and new use cases.
As the third edition of its development fund, Coreum’s grant program enables the best and brightest projects to build new applications or integrate existing ones into its blockchain network. By building on Coreum’s institution-friendly network, each grantee has the opportunity to solve challenges within the broader Web3 space.
With a total monetary reward of $300,000, the grant represents a diverse array of solutions that include development tools, decentralized storage, and SocialFi projects. In addition to the monetary prize, each grantee receives mentorship from the Coreum team. The eight projects receiving the Wave 3 grant are:
TriwebAPI: A SaaS product that simplifies Web3 infrastructure development through automation, including smart contracts and integration scripts, with a subscription-based complete hosting solution. The service makes the development process more efficient by facilitating faster Web3 product creation.
Tokenproof: An expansive toolkit that enables brands to foster long-term relationships with their consumers that are meaningful and rewarding. The service is empowering brands to connect with their audiences through the power of token-based experiences, both online and IRL.
Cypher Wallet: Creating one wallet for everything in Web3, Cypher Wallet solves the complexity of Web3 money movement by creating a unified financial ecosystem. Users can easily purchase and manage crypto across multiple chains and easily connect to any application on multiple networks without needing separate wallets.
LZero: A blockchain simulation and testing platform that supports Provable Assessment Certificates (PACs). PACs certify specific test scenario outcomes such as scalability and smart contract functionality to improve application reliability and efficiency.
Lighthouse: A provider of a perpetual protocol for long-term file storage that focuses on accessibility, security, and data verifiability. Lighthouse offers an affordable and secure option for storage needs that facilitates data transitions from Web 2.0 to Web3 and eases the integration process.
Anchain.AI: Anchain.AI hones in on securing the Web3 ecosystem with an AI-powered risk engine and premier cybersecurity expertise. The platform plays a crucial role in protecting digital assets from potential threats and ensuring a safer user environment. Designed with enterprise use in mind, Anchain has previously been integrated to Stellar at a protocol level and reinforces Coreum’s institution-focused blockchain
Cookbook: An open-source marketplace offering developers access to various solidity primitives, libraries, and smart contracts for protocols across numerous blockchains, including Coreum—created to expedite development workflows. Cookbook will also be powering Coreum’s documentation AI agent.
CoredIn: The developer of a professional SocialFi network on Coreum that leverages verifiable credentials and a custom WASM contract to establish an on-chain DID registry. CoredIn enables users to manage data sharing while adhering to the latest self-sovereign identity standards, advancing professional networking technologies.
The focus of each project selected for Wave 3 of the development grant is Coreum’s Smart Token product—a distinct solution introduced by Coreum that augments how tokens behave on the blockchain. Smart Tokens function similarly to smart contracts, enabling pre-defined token behaviors to perform specific and autonomous on-chain activities. This technology equips a wide array of organizations, from financial institutions to startups, with the capability to deploy decentralized applications (dApps) that boast enhanced adaptability and customization.
Coruem’s grant program bolsters its ongoing initiatives to nurture and support new innovations, tech development, and cross-sector collaboration. These include its Blockchain Accelerator program in partnership with CoreNest, and a recently launched University and Student Ambassador program.
“The grant program has become a cornerstone of our efforts to cultivate innovative solutions for long-standing issues in the blockchain space, and these eight projects exemplify the progress made across the ecosystem to overcome these challenges in new and exciting ways,” says Helwan Mande, Network Expansion Lead of Coreum. “Our goal at Coreum is to help ensure the future of the blockchain industry, not only through our own development but by nurturing up-and-coming projects to help reach new heights. We’re very proud to support the projects selected in Wave 3 and look forward to seeing what they create and achieve on our network.”
The post Coreum introduces recipients for Wave 3 of its app development grant appeared first on HIPTHER Alerts.
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