The primary goal of this Blockchain Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the Blockchain market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the market. The impact of prevailing regulatory scenario on both regional and worldwide Blockchain market is provided in detail in the report.
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Key Market Trends:
Smart Contract is expected to register a Significant Growth
The Smart Contract is the computer-aided program, which encodes the different conditions and possible outcomes and moves the currency or information across the ledger using blockchain technology. Blockchain with the use of smart contracts is anticipated to reduce the number of different administrative processes, which involves the deal of execution.
The smart contract enables consumers to execute and dispatch various commodities automatically, once the trade is booked. By reducing the involvement of multiple intermediaries, Blockchain will decrease the time and costs involved in executing these transactions.
For instance, ING and Société Générale S.A. decided the first oil trade by using a prototype of the Blockchain platform, (Easy Trading Connect). ING also anticipated the usage of Blockchain would help to reduce its involvement in the transaction from 3 hours to 25 minutes, which results in 30% cost savings per transaction.
The rising acceptance of electric vehicles (EVs) and the lack of coordination between consumers and charging stations enabled the adoption of smart contract solution. As, smart contract aid the EVs to charge or discharge based upon the needs of the electric grid, which enables the vehicles to act as mobile batteries and to help stabilize the grid. Furthermore, the high adoption of smart contract solutions are expected to reduce labour costs, manual and semi-automated processes, capital costs through faster settlements, and technology costs by decreasing dependency on redundant systems.
North America is Expected to Hold Major Share
With blockchain adoption in the energy sector, transactions such as energy trading can be recorded and settled almost instantly, with no need for an intermediary and with little need for reconciliation since all parties are using the same platform. North Americans as early technological adaptors are having significant adoption of blockchain in the energy sector.The region is experiencing an increasing number of investments and partnerships, since the first blockchain in energy transaction took place, in 2016, in Brooklyn, New York. Companies in the region are partnering with other countries or having high investments to develop products related to energy sector using blockchain technology.
For instance, Bovlabs, a startup working to empower clean energy, entered into a partnership with Enchanted Rock, to test blockchains ability to bid into wholesale markets, with the ERCOT (Electric Reliability Council of Texas), and is expected to enter as a blockchain-based retailer in energy sector.
In another instance, LO3 Energy entered into a partnership with Energy Web Foundation (EWF), to work on standardizing data for use in EWFs blockchain, which is designed specifically for the energy industry. As said by the LO3’s CEO, creating a data standard for transacting energy across projects and users, will be vital to meeting blockchain’s potential. Omega Grid software is operating on-site at the Stone Edge Microgrid, to test the blockchain based softwares ability to calculate optimal power flow and locational price, for each asset, on 5-minute intervals, and accept the best bids from the asset to control the load.
Blockchain Market Covers Key Players:
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This Report Focuses on the Blockchain in the market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application
– The report provides a detailed analysis on current and future market trends to identify the investment opportunities
– Market forecasts till 2024, using estimated market values as the base numbers
– Key market trends across the business segments, Regions and Countries
– Key developments and strategies observed in the market
– Market Dynamics such as Drivers, Restraints, Opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2024
– Blockchain Market opportunities and recommendations for new investments
Price Of Report: $ 4250 (SUL)
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Detailed TOC of Blockchain Market Research Report 2019 – 2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Emergence Of Variable Electricity Rates And Need For Peer To Peer Trading
4.3.2 Aggressive Spending By Venture Capitalists
4.4 Market Restraints
4.4.1 Scalability Constraints
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.2 Smart Contracts
5.1.3 Digital Identities
5.1.4 Governance, Risk, and Compliance Management
5.1.5 Other Applications
5.2.1 North America
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAP SE (SAP)
6.1.2 Microsoft Corp
6.1.3 Accenture PLC
6.1.4 IBM Corporation
6.1.5 LO3 Energy Inc.
6.1.7 Drift Marketplace Inc.
6.1.8 IOTA Foundation
6.1.9 Btl Group Ltd
6.1.10 Power Ledger Pty Ltd
6.1.12 Electron (Chaddenwych Services Limited)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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