Tokyo, Japan -- (SBWire) -- 01/25/2019 --The report "Blockchain Market by Provider, Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Supply Chain Management, and Management), Organization Size, Industry Vertical, and Region - Global Forecast to 2026", The global blockchain market size is expected to grow from USD 1.2 billion in 2019 to USD 23.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of +80% during 2018-2026.

A Blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

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The principle of the decentralized block chain, combined with identity verification, creates a digital identity, which can be assigned to multiple online transactions to eliminate fraud at a significant rate. It is expected that the segment of digital identity applications is the fastest growing application in the blockchain market, since it eliminates the need for a central authority and third parties, which facilitates the management and control of individuals over information. staff and access

global blockchain market by regions North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is a home for most of the industries with a large operation base, and has witnessed a prominent implementation of smart contracts, documentation and payment applications in most of its industries, particularly in BFSI, retail and eCommerce, and healthcare and life sciences. The region is expected to be the early and largest adopter of blockchain solutions, due to increasing funding on the development of distributed ledger technologies to provide customers with transparency and faster transactions.

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An increasing adoption rate in various industries including transportation and logistics, retail and eCommerce, media and entertainment, real estate and IT and telecommunication is expected to drive the market. Moreover, financial institutions in APAC are heavily investing in designing a permited blockchain network to streamline their internal operations and minimize costs. The integration of the technology in these verticals is changing the way businesses are conducted across industry verticals

manufacturer/player; the top players including
Microsoft Corporation
IBM Corporation
Deloitte Touche Tohmatsu Limited
Ripple
BTL Group Ltd.
Earthport
Chain, Inc.
Abra, Inc
BitFury
Global Arena Holding, Inc.
DigitalX Ltd.

Geographically, this report splits the United States market into seven regions:
The West ,Southwest, The Middle Atlantic, New England, The South, The Midwest

Major Factors Report:
Global Blockchain Market Research Report
- Global Economic Impact on Industry
- Global Supply (Production), Consumption, Export, Import by Regions
- Global Production, Revenue (Value), Price Trend by Type
- Global Market Analysis by Application
- Manufacturing Cost Analysis
- Market Effect Factors Analysis
- Global Blockchain Market Forecast

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