Blockchain
Blockchain Technology Market To Witness Healthy Growth At 69.4% CAGR By 2025, Due To Rising Acceptance Of Cryptocurrency & High Demand From BFSI Sector | Million Insights
The global blockchain technology market is estimated to reach USD 57,641.3 million, by the end of 2025, and is anticipated to grow at a CAGR of 69.4% over the forecast period, 2019 to 2025, according to a new report by Million Insights. Blockchain technology helps to monitor all types of cryptocurrency transactions. This technology works as a record-keeping & electronic transaction & record processing system. This solution enables users that are connected over the network to track data through a secured network, thereby, eliminating the need for third party authentication.
The market is anticipated to propel at a rapid pace due to various benefits such as minimized error rate, elimination of reconciliation, and reduction in record delicacy. Blockchain technology solution makes the database to be universal and allows different institutions to utilize the same. This universal access at the same time increases the efficiency of the system.
Please click here to get the sample pdf and find more details on “Blockchain Technology Market” Report 2025.
Growing demand for blockchain solutions across healthcare, financial services, media & telecom, public sector, and transportation sector is boosting the market growth. Increasing acceptance of cryptocurrency and rising demand from the BFSI sector is also proliferating the need for blockchain technology. This technology provides instant settlements for financial transactions with optimized options.
Key participants in the blockchain technology market include, Microsoft Corporation; Linux Foundation; IBM Corporation; Deloitte; BTL Group; R3; Chain Inc.; Global Arena Holding, Inc. (GAHI); Circle Internet Financial Limited; Eric Industries; and Ripple.
Further key findings from the report suggest:
- Public type segment is projected to propel at the fastest CAGR of over 70.1% over the forecasted period, 2019 to 2025. Growing adoption of this solution in government & institutions is supporting the segmental growth.
- Application & solution component segment is estimated to grow the CAGR of more than 71.2% during the forecasted period. Various benefits like reduced data duplication, timely authentication are contributing to market growth.
- Digital identity application segment is projected to register the fastest CAGR in the next few years.
- Based on the enterprise size, small and medium enterprise segment is anticipated to register the fastest CAGR of over 70.7% during the forecasted period.
- In 2018, financial services type segment led the blockchain technology market with the highest share and is estimated to continue its dominance in the next six years.
- Asia Pacific is projected to register the highest CAGR from 2019 to 2025. Growing demand for blockchain technology in banks & finance institutions is driving the market growth.
Browse 150 page research report with TOC on “Global Blockchain Technology Market” at: https://www.millioninsights.com/industry-reports/global-blockchain-technology-market
Million Insights has segmented the global blockchain technology market based on type, component, application, enterprise size, end-use and region:
- Blockchain Technology Type Outlook (Revenue, USD Million, 2015 – 2025)
- Public
- Private
- Hybrid
- Blockchain Technology Component Outlook (Revenue, USD Million, 2015 – 2025)
- Application & Solution
- Infrastructure & Protocols
- Middlewar
- Blockchain Technology Application Outlook (Revenue, USD Million, 2015 – 2025)
- Digital Identity
- Exchanges
- Payments
- Smart Contracts
- Supply Chain Management
- Others
- Blockchain Technology Enterprise Size Outlook (Revenue, USD Million, 2015 – 2025)
- Large Enterprises
- Small & Medium Enterprises
- Blockchain Technology End Use Outlook (Revenue, USD Million, 2015 – 2025)
- Financial Services
- Government
- Healthcare
- Media & Entertainment
- Retail
- Transportation & Logistics
- Travel
- Others
- Blockchain Technology Regional Outlook (Revenue, USD Million, 2015 – 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- North America
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Blockchain
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Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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