Blockchain as an Application Platform Market: Upcoming Huge Investment by World | Accenture …

Blockchain Platform is a comprehensive distributed ledger cloud platform to provision blockchain networks and deploys & runs smart contracts to …

“Blockchain as an Application Platform which helps organizations to build and deploy blockchain applications with speed. Blockchain Platform is a comprehensive distributed ledger cloud platform to provision blockchain networks and deploys & runs smart contracts to update and query the ledger. it includes the detailed information regarding the drivers of the Blockchain as an Application Platform Market such as the increased demand from businesses with multiple locations to centralize their operations and security risks raised in the IT industry by bringing your device policy. It also includes detailed information about the restraints, opportunities, and challenges in the market.”

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Top Key Player of Blockchain as an Application Platform Market:-

Accenture, McKinsey, Oracle, Microsoft, Deloitte, Boston Consulting Group , IBM, Microsoft, Oracle, SAP, Waves Platform, HPE, Baidu, Stratis, AWS, Huawei, KPMG, Accenture, PwC, Infosys , TCS, Capgemini, Deloitte, Cognizant, EY, NTT Data, ConsenSys, Wipro, L&T Infotech, and Mphasis

Global Blockchain as an Application Platform Market is expected to huge growth during forecast period 2019 to 2025. It offers a comparative have a look at of the aggressive panorama which includes ranking of the industries based on revenue generation and earnings margin. It’s been employed via number one and secondary studies strategies. The most critical pieces of information had been gathered through it.

The Research report In-depth synopsis of the competitive landscape of the Blockchain as an Application Platform Market globally, thus helping establishments understand the primary threats and prospects that vendors in the market are dealt with. It also encompasses thorough business profiles of some of the prime vendors in the market. The report includes vast data relating to the recent discovery and technological expansions perceived in the market, complete with an examination of the impact of these intrusions on the market’s future development.

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The report plots the recognizable players in the worldwide Blockchain as an Application Platform Market with an obvious ultimate objective to give a level-headed viewpoint of the down-to-earth forces of the market, while the provincial and product areas of the worldwide market are furthermore foreseen in detail, remembering the ultimate objective to give a granular outline of the market’s downfall. The exploration includes an in-depth investigation for each of the segments and sub-classes for market patterns, recent improvements, standpoint, and opportunities.

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Forward-looking perspectives on global Blockchain as an Application Platform Market

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Top 5 Smart Contract Technology Platforms in 2019

However, being mainly responsible for money transfers, Stellar is not the best option for developing complex decentralized applications for large …
Cryptocurrency is still the hot trend. The industry enjoyed a great boom in 2017 — then, Bitcoin skyrocketed, and so did almost all altcoins. ICOs also gained immense popularity, collecting more than $7 billion in investments. The trend was expected to continue in 2018, but instead, the cryptocurrency market stabilized at much lower positions.

Although the cryptocurrency market suffers from high volatility, the interest from entrepreneurs and developers is still growing. The reason is not cryptocurrency itself, which is just a means of payment, in essence. The reason is blockchain technology that underpins cryptocurrencies.

One of the most interesting features of blockchain is a smart contract technology. In our article, we will talk about platforms that implement this revolutionary mechanism. Thus, it makes them truly worth our attention in 2019.

Stellar

Founded in 2014, Stellar is one of the most exciting smart contract platforms in the market. It is a decentralized open-source service for real-time transfers of cryptocurrencies and fiat money.

Large tech companies trust Stellar and implement this protocol in their systems. For example, IBM hopes to solve the problem of cross-border transfers using Stellar. In March, the tech giant announced the launch of World Wire, a global payment system that will connect banks. 6 international banks have already confirmed their willingness to participate in the development of a new stable coin for transaction settlement. The price of a new digital currency shouldn’t fluctuate much.

In addition to such game-changing partnerships, it is also worth noting that Stellar is much simpler and more understandable than its bigger brother Ethereum. However, being mainly responsible for money transfers, Stellar is not the best option for developing complex decentralized applications for large companies, be it a supply chain app, asset control app, etc. Still, you can conduct a simple ICO within the Stellar environment.

Ethereum

Is there anyone who hasn’t heard about Ethereum? Most people are familiar with the project thanks to its native cryptocurrency Ether. Ethereum has been one of the best start-ups of the last decades. And it is, perhaps, the best smart contract platform out there.

Why is it so? Ethereum is a feature-rich blockchain that can host plenty of dApps (e.g. games, exchanges, etc.) and ICOs. One of Ethereum’s main achievements is that it has made the development of smart contracts easier and more agile. The team behind Ethereum has even published a simple set of rules for all developers. The Solidity language created by Ethereum serves to standardize the development process and make smart contracts’ set-up seamless. Such standardization makes the threshold for entering the smart contract development market much lower.

The Ethereum community provides ongoing support to developers and entrepreneurs. The main mission of the company is to refine the understanding of smart contracts, their development, and implementation practices.

CoinMetro

CoinMetro is a platform created by well-known cryptocurrency enthusiast Kevin Murcko in 2018. Yes, this is a fairly young project compared to the other examples in our list. The developers’ main task was to build a functional, user-friendly, intuitive platform for instant fiat and digital money exchange. CoinMetro is suitable for both beginners and experienced cryptocurrency players.

The platform considers security as one of its top priorities. Therefore, CoinMetro is looking for ways to get certified and licensed in as many countries as possible. Such a policy means that users will need to fill the KYC (Know Your Customer) full form in order to be able to make deposits and withdrawals.

XCM is CoinMetro’s native token that meets all the standards of ERC-20 set by Ethereum. All operations on the platform are fuelled by this token, including a standard transaction fee of 0.1%.

Hyperledger

Here’s Ethereum’s main rival in the smart contract market. Created by Linux at the end of 2015, Hyperledger is an open-source project for decentralized blockchain-based app development.

At the moment, Hyperledger includes 6 frameworks and 8 tools, which allow the platform to cover all possible areas of smart contract development. The platform’s another advantage is that the development process in Hyperledger is carried out using well-known and hugely supported languages ​​such as JavaScript, Go, etc. In order to choose the language that suits you, you just need to use the appropriate tool.

It is worth remembering that Hyperledger is a permissioned network. This means that all its users are confirmed and known because the platform pursues the KYC (Know Your Customer) policy. This was done to satisfy the needs of large companies and businesses. The task was to develop a modern smart contract platform, and at the same time work within the legal framework complying with data protection rules. Large businesses are usually satisfied with such conditions because they require smart contracts to handle logistics and supply chain management which is why safety and reliability are paramount.

Hedera

Hedera Hashgraph is a somewhat unique case because the platform doesn’t follow a standard (for this segment) proof-of-work logic. Instead, Hedera uses the binding arbitration algorithm. Smart contracts are developed with a number of public keys of the so-called arbitrators, who are able to add new functionality to the contract and fix any issues. However, this isn’t a problem since Hedera Hashgraph is a permissioned platform. The original idea was proposed by Hedera creators — Dr. Leemon Baird and Mance Harman.

The platform users’ privacy and data protection are achieved with the extremely popular asynchronous Byzantine Fault Tolerance consensus. Since the platform isn’t PoW-based, Hedera has small fees compared to other blockchain platforms, and this is also one of the platform’s advantages. Ultimately, Hedera is an interesting and, in a way, unique project. The idea was backed by a strong team of creators and as a result, we have a platform that you should definitely consider in 2019.

The list goes on…

The very essence of blockchain and smart contracts implies perfect conditions for fair competition. Whether it is for an art investment or a healthcare company, a well-developed blockchain project will always receive its portion of attention. The minimum entry threshold, support from a huge community and untapped niches encourage developers to create more platforms and services. Keeping track of each is not an easy task. Don’t be lazy to conduct your own research and carefully study the platform before you start using it.

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Blockchain Distributed Ledger Market – Global Industry Analysis, Size, Share, Growth, Trends and …

Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such …

Digital technology has become prevalent in today’s world. It has touched almost all aspects of life including conducting business, shopping, enhancing education and learning, entertainment, and staying connected with social world. In recent past, digital technology has evolved further to aid in conducting financial transactions. Online payments have gained huge traction along with card based payment methods such as credit and debit cards. At the same time, cryptocurrency also known as digital money is becoming increasingly popular. Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such as banks. Distributed ledger technology further enables tracking of financial transactions and makes it virtually possible to track and trade any value via digital money. It provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security to the process. Blockchain comprises of blocks of digitally recorded data, creating a distributed ledger. There are many different types of distributed ledger systems, each obeying its own security and privacy levels.

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Use of blockchain distributed ledger lends transparency to financial transactions and eliminates middle man, thus reducing the transaction costs. This is likely to drive the adoption of blockchain distributed ledger in the coming years. As the complex process of paper work and third party involvement extends the process of business transactions, blockchain-enabled distributed ledgers are anticipated to change the way business transactions take place. Moreover, enhanced security levels for transactions is another factor contributing to the growing influence of the technology. Distributed ledger systems are not controlled by any centralized authority and are not limited by legal rules. However, technology is governed by its own technical code.

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Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of …

Guo believes that if blockchains scale to their full extent, there will be little need for the kind of private distributed ledger technologies (DLTs) proposed …

Financial institutions around the world are increasingly developing blockchain-based solutions to streamline various processes and improve efficiency. Use cases include payments and remittances, trade finance, banking operations, and more.

The latest buzz was created by Mastercard, which recently announced its plans to develop and pilot blockchain cross-border payments solution in collaboration with enterprise software firm R3.

This, however, is not Mastercard’s first foray into blockchain, noted Filipe Castro, Co-Founder, and CIO at UTRUST. It can be recalled that the payments giant recently unveiled its blockchain-based tracing platform ‘Provenance.’

“Payments are a killer app for blockchain, unlike any other due to their mass appeal – a use-case that is especially relevant for the mainstream adoption of digital currencies as a means of payment. In an age of fast information & instant feedback, where digital and physical augment each other, a universally trusted, verifiable and privacy-conscious means of value transmission will play a pivotal role,” Castro said, adding that this follows the same cycle of continuous technology evolution that was seen in the early ages of the internet.

Sky Guo, CEO and co-founder of Cypherium, emphasized that public blockchains pose a “very real threat” to the business models of legacy companies, and giants like MasterCard want to absorb crypto projects on their own terms to quell their disruption.

Guo believes that if blockchains scale to their full extent, there will be little need for the kind of private distributed ledger technologies (DLTs) proposed by giants like JPMorgan, Facebook, and now MasterCard.

“The true killer Dapp will make obsolete these private networks; it will be faster and cheaper to use while returning financial economy to its users; that is the promise of Bitcoin that so many new chains are trying to fulfill. So one can see that their motivation in entering the space is, at least partially, guided by their need to street the conversation, to dictate the way in which blockchain technology enters the world. For now, though, blockchain must support and participate in these projects,” he added.

Charles Lu, CEO of Findora, is also skeptical of these initiatives going beyond the proof-of-concept (POC) phase.

“While it’s not clear yet whether the proposed initiatives will go beyond proof-of-concept, the news that Mastercard is to develop a blockchain-based cross-border payments platform is a welcome move,” he said. “Tech giants such as Mastercard play an influential role in encouraging the acceptance of cutting-edge technologies and this news is symbolic of Mastercard’s willingness to challenge the status quo and seek solutions to improve current payment systems.”

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Sberbank Bank Buys $15M In Debt In Pilot From Trafigura Trading Giant Using Hyperledger’s Fabric

Sberbank, known as the largest banking institution in Russia, recently used blockchain technology to buy around $15 million USD worth of debt in …

Sberbank, known as the largest banking institution in Russia, recently used blockchaintechnology to buy around $15 million USD worth of debt in accounts receivable from Trafigura, a commodity trader based in Singapore.

This transaction was made using the technology of Hyperledger Fabric platform. The announcement was made this week by the bank and a spokesperson confirmed that this tech provides several advantages for companies that want to trade internationally.

With the private collections feature of the technology, the company was able to keep a part of the data confidential between some of the participants. The system use smart contracts written with a Scala programming language and the Aurelia framework. SberCloud, the cloud solution of the bank, was also used at the time.

According to Alexander Vedyakhin, the deputy chairman of the Russian bank, the blockchain technology was very helpful in making the document flow considerably more efficient than it was before. Something that could take up to a day to do before is now done in an hour.

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He also confirmed that the pilot project was very useful because all the steps were fully recorded, so the process could be followed and reviewed all along the way.

This is yet another example of how blockchainhas been useful for the financial market. The spokesperson of the bank confirmed that this technology represents an ongoing evolution in the market and that more advanced solutions are set to be used soon.

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