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Market overview:
Blockchain technology solves the three main problems in supply chain management: counterfeiting, visibility / traceability and efficiency game. When a product is transferred from one supplier to another or from supplier to user or supplier to organization, transactions are well documented, helping to reduce costs of delay and human error.
Blockchain technology enhances various activities in supply chain management such as logging, monitoring, allocation, linking and sharing. The blockchain is used in the supply chain to track purchase orders, modify orders, receive delivery notifications or receive transactional documents. Globally, blockchain in the supply chain market is projected to grow from $ 81.4 million in 2017 to $ 3,485.25 million in 2023 with a CAGR of 87% over the forecast period 2018-2023.
Key players:
Key blockchain players in the supply chain technology market are identified in all major regions based on their country of origin, presence in different regions, recent key developments, product diversification, and industry experience. IBM Corporation (US), Microsoft Corporation (US), Ripple (US), Coinbase (US), Chain, Inc. (US), Abra, Inc (US), Blockchain Tech Ltd (UK) , Earthport PLC (UK), Bitfury Group (Netherlands), Deloitte, Inc. (UK) and Digital Asset Holdings (US), among others.
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Market segmentation:
Blockchain Supply Chain Market By Application:
* Payment and settlement
* Detection of counterfeits
* Product traceability
* Smart contracts
* Risk and compliance management
* Others (documentation and management of awards)
Blockchain Supply Chain Market By Vendor:
* Application and solution providers
* Middleware providers
* Infrastructure and Protocol Providers
Blockchain Supply Chain Market by Vertical Industry:
* Retail and consumer goods
* Health and life sciences
* Production
* Oil and gas
* The logistics
* Others (construction and agriculture)
Research methodology
The research methodology used to predict and predict the blockchain supply chain market begins with capturing key vendor revenue data through secondary research involving directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). Supplier products were also considered to determine market segmentation. The bottom-up procedure was used to reach the overall market size of the global market, derived from the revenues of the major market players.
Company name: Market Research Future
Information on the future of market research:
At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research ( CFR)) and consulting and market research services.
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Contact:
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Maharashtra, India
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