Blockchain Technology in Energy Market In-Depth Research & SWOT Analysis by: Microsoft, IBM …

The latest research Blockchain Technology in Energy both qualitative and quantitative data analysis to present an overview of the future adjacency …

The latest research Blockchain Technology in Energy both qualitative and quantitative data analysis to present an overview of the future adjacency around Blockchain Technology in Energy for the forecast period, 2019-2024. The Blockchain Technology in Energy’s growth and developments are studied and a detailed overview is been given.

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A thorough study of the competitive landscape of the Blockchain Technology in Energy has been give presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. It provides a refined view of the classifications, applications, segmentations, specifications and many more for Blockchain Technology in Energy. This market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. Regulatory scenarios that affect the various decisions in the Blockchain Technology in Energy are given a keen observation and have been explained.

Some of the leading market players include: Microsoft, IBM, R3, Chain Inc, ConsenSys.

Reports Intellect projects detail Blockchain Technology in Energy based on elite players, present, past and futuristic data which will offer as a profitable guide for all Blockchain Technology in Energy competitors. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

Segmentation by Type: Public Blockchain, Private Blockchain, Consortium Blockchain.

Segmentation by application: Electric Power, Petroleum, Natural Gas, Others.

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Table of Contents

2019-2024 Global Digital Price Tags Consumption Market Report

1 Blockchain Technology in Energy Market Overview

1.1 Product Overview and Scope of Blockchain Technology in Energy

1.2 Classification of Blockchain Technology in Energy by Types

1.2.1 Global Blockchain Technology in Energy Revenue Comparison by Types (2019-2024)

1.2.2 Global Blockchain Technology in Energy Revenue Market Share by Types in 2018

1.2.3 Public Blockchain

1.2.4 Private Blockchain

1.2.5 Consortium Blockchain

1.3 Global Blockchain Technology in Energy Market by Application

1.3.1 Global Blockchain Technology in Energy Market Size and Market Share Comparison by Applications (2014-2024)

1.3.2 Electric Power

1.3.3 Petroleum

1.3.4 Natural Gas

1.3.5 Others

1.4 Global Blockchain Technology in Energy Market by Regions

1.4.1 Global Blockchain Technology in Energy Market Size (Million USD) Comparison by Regions (2014-2024)

1.4.1 North America (USA, Canada and Mexico) Blockchain Technology in Energy Status and Prospect (2014-2024)

1.4.2 Europe (Germany, France, UK, Russia and Italy) Blockchain Technology in Energy Status and Prospect (2014-2024)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Blockchain Technology in Energy Status and Prospect (2014-2024)

1.4.4 South America (Brazil, Argentina, Colombia) Blockchain Technology in Energy Status and Prospect (2014-2024)

1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Blockchain Technology in Energy Status and Prospect (2014-2024)

1.5 Global Market Size of Blockchain Technology in Energy (2014-2024)

2 Manufacturers Profiles

Continued.

Reasons to buy this report:

  1. Estimates 2019-2024 Blockchain Technology in Energy development trends with the recent trends and SWOT analysis.
  2. Obtain the most up to date information available on all active and planned Blockchain Technology in Energy globally.
  3. Understand regional Blockchain Technology in Energy supply scenario.
  4. Identify opportunities in the Blockchain Technology in Energy industry with the help of upcoming projects and capital expenditure outlook.
  5. Facilitate decision making on the basis of strong historical and forecast of Blockchain Technology in Energy capacity data.

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Blockchain Technology Market : Industry Growth Factors, Applications, Regional Analysis, Key …

Worldwide Blockchain Technology market report studies the industry based on one or more segments covering key players, types, applications, …

Worldwide Blockchain Technology market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Asia Pacific market is anticipated to grow at a faster pace because of its changing financial framework which drives the demand for secure and low-cost online payment transfers. Speculations have been that more companies would invest in this technology, thus tapping the huge potential in this market. Companies such as Chain Inc., Ripple, Eric Industries, Microsoft, Circle Internet Financial Limited, R3, Samsung, Deloitte, IBM, Deloitte, Linux Foundation, BTL Group, are some of the prominent players in this market.

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Blockchain technology is currently being adopted majorly by the financial institutions due to its benefits such as reduced infrastructural costs for reconciling statements, data management settlements etc. It has also been proven beneficial to increase the transactional speed by eliminating the need of trusted third party. Bitcoin uses cryptography for securing its ledgers, thus ensures high security platform for the transactions.

According to a new study the global blockchain technology market is anticipated to reach USD 16.82 billion by 2026. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse the transaction history. Blockchain also eliminates the need of third-party verifications since the ledgers are shared by all the parties over the distributed network. These are some of the major factors for adoption of blockchain technology.

Adoption of blockchain is not limited to the financial sector, however it is being implemented across different verticals. For example, with blockchain?s extended support for Internet of Things (IoT), the technology and telecom vertical is implementing blockchain for initiating a better coordination between different devices. This sector is also benefitting from blockchain because of its feature to eliminate the processing fees which gets levied by third parties. Healthcare vertical is also focusing on blockchain for securing its important and sensitive data and documents and for securing its digital assets.

Key Findings from the study suggest the largest share of this market in 2017 was of North America, as there are a fundamentally high number of ventures adopting the blockchain technology. The technology will have the capacity to help IoT applications in technology and telecom sector along with the enhanced payment solutions. The healthcare segment will adopt this this technology owing to secure their sensitive information.

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Table of Contents:

  1. Overview and Scope

  1. Executive Summary

  1. Blockchain Technology Market Insights

  1. Blockchain Technology Market Size and Forecast by Application Type

  1. Blockchain Technology Market Size and Forecast by Organization Size

  1. Blockchain Technology Market Size and Forecast by End-Use Type

  1. Blockchain technology Market Size and Forecast by Regions

  1. Company Profiles

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Related Report:

Global Blockchain Technology in Healthcare Market Size, Status and Forecast 2019-2025

The development in offering competent healthcare services is extremely dependent on its advancements in the information technology, and the ability to store and record information economically and easily as well as share it securely amongst disparate applications & systems. Blockchain technology is gradually being touted as the solution for the interoperability as well as security concern that plague the outmoded health systems. This report focuses on the global Blockchain Technology in Healthcare status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Blockchain Technology in Healthcare development in United States, Europe and China.

https://www.marketstudyreport.com/reports/global-blockchain-technology-in-healthcare-market-size-status-and-forecast-2019-2025

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Telecom Giant Verizon Seeks Blockchain Experts to Develop Distributed Networks

According to new jobs posted Verizon’s job posting site, the company is “focusing on emerging technologies” for developing new networks for all …
Verizon Develops Blockchain Networks

One of the giants in the telecommunication industry, Verizon, is looking to make its way into the blockchain community. The company is looking to hire a competent blockchain team for development of a distributed network in its upcoming projects.

According to new jobs posted Verizon’s job posting site, the company is “focusing on emerging technologies” for developing new networks for all Verizon branches, including the Verizon Business Group, Global Technology Services, and Verizon Consumer Group. Currently, the company seeks five different blockchain engineers and an overall of 21 roles that contain some sort of blockchain-related knowledge or skill.

The postings for blockchain engineers state:

“We are looking for a Senior Blockchain Technologist who will be responsible for designing, implementing, and supporting a distributed blockchain-based network for various use cases at Verizon. Your primary responsibility will be analyzing requirements, designing blockchain technology to support VCG, VBG and GTS.”

The initial listings on the website is pointing towards a customer-centered product that will promote privacy, security and payment solution inside the system. One of the job postings is thus described:

“This role will be responsible for developing and delivering of initial prototypes and product proof-of-concepts which includes use case development, technical requirements, customer co-development testing and commercialization handoff. The focus of the individual will be on blockchain and other identity/security initiatives (e.g. confidential computing, secure payments) in the emerging technology space.”

And it doesn’t seem to go unnoticed that Verizon is going to face some serious challenges in developing a savvy blockchain team. With the likes of Google, Amazon, Facebook, Microsoft and more tech and financial giants already investing in the best young blockchain talents, Verizon will need to take some serious measures to lure candidates to the firm.

However, at the same time, the company refuses to comment or disclose anything regarding the project.

Latest to Develop Blockchain-Powered Technological Solutions

In the world of technological advancements, Blockchain continues to be an exciting prospect for many investors out there. Blockchain was created almost a decade ago to help power the first cryptocurrency, Bitcoin (BTC)trade. What has happened since then — especially in recent years — is nothing short of historical.

Lately, the way business is conducted worldwide has been shifting from traditional industries in specific parts of the world into a powerful cross-border business solutions. And that has become more and more possible because of the blockchain industry.

One thing for sure, every technological giant recognizes this fact and looks to make their mark in the industry. With Facebook launching its own cryptocurrency Libra with the wallet service Calibra, and AT&T launching their own blockchain solutions and accepting Bitcoin via BitPay, it seems like the telecom industry is also turning its head into a greenhouse that constantly creates decentralized blockchain-focused network systems for their customers.

And one of the top telecom leaders in the United States, Verizon, is the latest horse in this race.

Crypto Exchange Coming Soon
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2026 Market Predictions for Blockchain Technology Market | Key Players: Chain Inc., Ripple, Eric …

Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are …

New York, NY 26 July 2019: According to a new study published by Polaris Market Research the global blockchain technology market is anticipated to reach USD 16.82 billion by 2026. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse the transaction history. Blockchain also eliminates the need of third-party verifications since the ledgers are shared by all the parties over the distributed network. These are some of the major factors for adoption of blockchain technology.

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Blockchain technology is currently being adopted majorly by the financial institutions due to its benefits such as reduced infrastructural costs for reconciling statements, data management settlements etc. It has also been proven beneficial to increase the transactional speed by eliminating the need of trusted third party. Bitcoin uses cryptography for securing its ledgers, thus ensures high security platform for the transactions.

Adoption of blockchain is not limited to the financial sector, however it is being implemented across different verticals. For example, with blockchain’s extended support for Internet of Things (IoT), the technology and telecom vertical is implementing blockchain for initiating a better coordination between different devices. This sector is also benefitting from blockchain because of its feature to eliminate the processing fees which gets levied by third parties. Healthcare vertical is also focusing on blockchain for securing its important and sensitive data and documents and for securing its digital assets.

Browse summary of this report with TOC @ https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-market

The adoption of blockchain can be clearly seen in the North America followed by Europe at a fast pace. However, the market for blockchain is gaining traction in Asia Pacific region owing to the developing economies such as India and China adopting this technology. Countries such as Australia have already adopted this technology and are developing a private blockchain for its stock exchange’s clearing and settlement process.

Key Findings from the study suggest the largest share of this market in 2017 was of North America, as there are a fundamentally high number of ventures adopting the blockchain technology. The technology will have the capacity to help IoT applications in technology and telecom sector along with the enhanced payment solutions. The healthcare segment will adopt this this technology owing to secure their sensitive information. Asia Pacific market is anticipated to grow at a faster pace because of its changing financial framework which drives the demand for secure and low-cost online payment transfers. Speculations have been that more companies would invest in this technology, thus tapping the huge potential in this market.

Companies such as Chain Inc., Ripple, Eric Industries, Microsoft, Circle Internet Financial Limited, R3, Samsung, Deloitte, IBM, Deloitte, Linux Foundation, BTL Group, are some of the prominent players in this market.

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Key Segments:

  • Blockchain Technology Market Size and Forecast by Application Type
    • Key Findings
    • Payments
    • Smart Contracts
    • Exchanges
    • Digital Identity
    • Others
  • Blockchain Technology Market Size and Forecast by Organization Size
    • Key Findings
    • Large Enterprises
    • Small and Medium Enterprises (SMEs)
  • Blockchain Technology Market Size and Forecast by End-Use Type
    • Key findings
    • Banking, Financial Services, and Insurance (BFSI)
    • E-Commerce & Retail
    • Government & Public Sector
    • Healthcare
    • Technology & Telecom
    • Media & Entertainment

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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How blockchain energy consumption affects supply chains

The blockchain energy consumption problem is an issue for supply chain applications. However, it is not as significant as recent reports about the …

Energy consumption relates to computation

Concerns about blockchain energy consumption problems for supply chains most likely originated in recent reports suggesting that the process of creating new digital currencies like bitcoin now consumes about 1% of the world’s power supply. The vast majority of this energy use comes from the computations required to create currencies, called proof-of-work algorithms. These algorithms were designed to be inefficient to limit the number of bitcoins.

In the long run, the benefits of using blockchain in supply chains to improve transparency, auditability and to reduce manual processes could outweigh any problems caused by blockchain’s energy overhead.

“Computing the ratios of energy consumption requires detailed models. However, one can estimate it based on the amount of computation necessary,” said Monish Darda, CTO and co-founder of Icertis, an enterprise contract management platform. In supply chain applications, a blockchain serves the same function as other types of data stores like structured query language (SQL), key-value pair (KVP) and other NoSQL databases. A centralized database involves around 10,000 computational steps, whereas bitcoin currency mining requires billions of computational steps using brute-force search algorithms. You can comfortably estimate eight to nine orders of magnitude difference in terms of computation, Darda said.

In contrast, supply chain applications use far more computationally efficient algorithms for logging the status of goods throughout the supply chain. One big factor is that proponents of supply chain networks are architecting blockchain applications with permissioned servers that trust each other.

Martha Bennett, a principal analyst at Forrester, said, “While not all parties in a DLT-based network have direct relationships with each other, and hence may not trust each other directly, there is an overall trust foundation inherent in a permissioned network, provided it has been architected and implemented to the required enterprise standard, with an appropriately designed and curated governance model.”

None of the enterprise-focused platforms, such as Quorum; Hyperledger Fabric and Sawtooth; R3 Corda; Digital Asset or MultiChain, rely on bitcoin’s proof-of-work mechanism because it’s too slow and expensive.

Bitcoin represents an attempt to replace trust mechanisms already baked into supply chain networks like personal relationships and legal contracts with algorithms. More efficient blockchain algorithms are possible when participants trust each other. “Enterprise and consortium blockchain solutions are permissioned and don’t rely on mining, so typically use far less energy,” said Bill Clabby, research analyst at Clabby Analytics.

The overhead when using blockchain for distributed supply chain applications could be estimated in terms of the additional computation required for each algorithm, which is one to two orders of magnitude more in terms of computation, memory and time, compared to a centralized database. Darda said this estimate could be affected by details like transaction record size and number of stages.

However, Darda stressed that it’s hard to make a direct comparison in terms of computational efficiency. “What is obtained at the end is not merely a record of a transaction, but also additional things like distributed trust and reliability, which are not relevant for a simple, centralized database system. Comparing these two different strategies in terms of efficiency may not be possible.”

One of the reasons is that traditional application and data management architectures for supply chain management were designs that focused on addressing needs within organizational boundaries from both a technology perspective and compliance perspective. “Establishing trust and transparency across multiple layers of suppliers remained a hard problem to solve,” said Murali Karthik, vice president and global head of business development at Mindtree, a technology consulting and services company.

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