The Business Research Company’s Blockchain
Technologies Market covers market characteristics, size and growth,
segmentation, regional and country breakdowns, competitive landscape, market
shares, trends and strategies for this market.
The block chain technologies
market consists of sales of block chain technologies and related services.
Block chain is a technology which involves the implementation of a distributed
database that is accessible to all the users over a network. Each user can add
a new data record (block), with a timestamp that cannot be altered. Each new
block forms a part of the universally acceptable depository. The block chain
technology maintains the authentication of data by restricting changes in the
older data blocks while allowing the users to continue adding new data blocks thus,
making the manipulation of data such as faking documents or transactions and
other information, impossible. The block chain technology is used to create
digital contracts and in domains such as financial, healthcare and insurance.
Major players in the market are IBM, AWS, Microsoft Corporations, Ripple
and Circle Internet Financial Limited.
Companies across various
industries are increasingly investing in block chain technology due to its high
efficiency in data management. The block chain technology is growing strongly
in major sectors such as healthcare, banking and finance, digital assets, and
also in several government departments. Thus, companies like VISA, Facebook,
Microsoft and Amazon are investing in the technology to integrate block chain
with their daily operations at an early stage. Companies use block chain technology
to create smart contracts, this helps to speed up the payment processes as well
as provides support while investing in the stock exchange. In 2018, Diar, a
block chain research group, reported that block chain focused start-ups have
used various venture capital funding methods to raise close to $3.9 billion.
Take a look at our year-end deals on Opportunities and Strategies
Reports! Up to 50% off on all licenses @ https://www.thebusinessresearchcompany.com/discounted-reports.aspx
The growth of the block-chain
technology market is being restrained due to the security vulnerabilities that
companies in this market are facing due to the weak systems and human errors.
The platforms used to interact with the block-chain technology lacks necessary
security. The bock chain industry lost an estimated amount of $3.55 billion
between 2011 and 2018, because of the technical flaws leading to lack of
security in block chain technology. For instance, Mt. Gox, a Japanese
cryptocurrency company, collapsed when it lost $450 million worth of bitcoins,
this was due to security breaches between 2011 and 2014. In another instance
reported in January 2018, a Tokyo-based cryptocurrency exchange named Coincheck
suffered a loss of $534.8 million when a hacker used hacking software and
unethically transferred NEM (New Economy Movement) coins worth more than $500
million to his account. NEM is a peer to peer (P2P) cryptocurrency launched in
2015. A P2P cryptocurrency is a digital or virtual currency exchange that takes
place between the two parties without the intervention of any middlemen. These
transactions are made over the block chain network.
View complete Report:
https://www.thebusinessresearchcompany.com/report/blockchain-technologies-global-market-report
About Us:
The Business Research Company is a Business Intelligence
Company which excels in company, market and consumer research. It has offices
in the UK, the US and India and a network of trained researchers in 15
countries globally.
Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
View Our Latest Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
View Our Latest Blog Reports: http://blog.tbrc.info/
