Pune, India -- (SBWIRE) -- 03/09/2019 -- By 2027, global blockchain supply chain market is estimated to generate a revenue of US$6.5 billion, growing at a CAGR of 60%. Europe has portrayed manufacturing expertise over the years owing to increasing focus towards product development and improving traditional manufacturing methods. This has led to manufacturers devising a supply chain which is capable to cope with the rising manufacturing demands. Logistics providers have utilized various models for optimizing the transportation procedures within the region and also in the global perspective. Hence, the need for blockchain supply solutions is observed to be omnipresent in the region. European region has countries which have portrayed excellence in logistics performance which is evident from their positions in the rankings for the logistics performance index (LDI), which is published by the World Bank. Presence of manufacturers across the region coupled with a strengthened distribution network for products from various industry verticals is fueling the growth of the blockchain supply chain market in the region. Also, the changing trends of manufacturing industry towards the Eastern region of Europe would create a demand for improvements in the distribution networks in newer markets.

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"Blockchain supply chain market is expected to grow owing to the emphasis on improvements in capabilities for overall supply chain, in Europe. Rising investments in distribution centers would lead to improved demand for blockchain solutions in supply chain."

The detailed research study provides qualitative and quantitative analysis of the global blockchain supply chain market. The market has been analyzed from demand as well as supply side. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global blockchain supply chain market are Applied Blockchain Ltd., Bitfury, BTL Group Ltd., Chainvine Ltd, Guardtime, Huawei Technologies Co., Ltd., IBM Corporation, Microsoft, OpenXcell, Ownest, Peer Ledger Inc., Provenance, PwC, Ripe.io, SAP SE, Sofocle Technologies (OPC) Pvt Ltd., VeChain Foundation, Venture Proxy Ltd., and Wipro Limited amongst others.

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By Offerings
o Solutions
o Services
By Application
o Goods and Distribution Tracking
o Finance
o Smart Contracts
o Others (Forecasting, Freight Costing Etc.)

By Vertical
o Retail
o Food and Beverages
o Healthcare
o Heavy Machinery
o Postal Services
o Financial Services
o Others (Government, Media and Entertainment Etc.)

By Region
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
? Denmark
? Finland
? Iceland
? Norway
? Sweden
o The Benelux Union
? Belgium
? The Netherlands
? Luxemburg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Australia
o New Zealand
o South Korea
o Southeast Asia
? Indonesia
? Thailand
? Malaysia
? Singapore
? Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America