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Blockchain Technology in Supply Chain Management Market by Type (Public, Private, and Consortium), by Protocol (Bitcoin, Ethereum, Ripple Consensus network, Hyperledger, R3’s Corda, Symbiont Distributed Ledger, and Others), for Vertical (Contract Management, Payment Systems, Procurement, Provenance, Ownership Transfer, Asset Tracking & Inventory Control, and Others) : Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024

Published Date: 07-Jun-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-1777 Status : Published

Global blockchain technology in supply chain management market expected to reach USD 666.61 million in 2024, growing at a CAGR of 49.16% between 2017 and 2024. Blockchain technology is a digitalized public ledger of for all cryptocurrency transaction. It is a distributed database which is non-replicable.

Description

The report covers forecast and analysis for the blockchain technology in supply chain management market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the blockchain technology in supply chain management market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the blockchain technology in supply chain management market on a global level.

This report offers comprehensive coverage of global blockchain technology in supply chain management market along with, market trends, drivers, and restraints of the blockchain technology in supply chain management market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the blockchain technology in supply chain management market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and primary research team of industry experts.

Global Blockchain Technology Market

The study provides a decisive view on the blockchain technology in supply chain management market by segmenting the market based on type, protocol, verticals, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2024. By type, the market is divided into public, private, and consortium. Protocol-wise the blockchain technology in supply chain management market is segmented into bitcoin, ethereum, ripple consensus network, hyperledger, R3’s corda, symbiont distributed ledger, and others. On basis of verticals, market can be bifurcated into contract management, payment systems, procurement, provenance, ownership transfer, asset tracking & inventory control, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

The report covers detailed competitive outlook including the market share and company profiles of some of the key participants operating in the global blockchain technology in supply chain management market such as Abra, Alphapoint, Bitfury Group Ltd., Bloq Inc., BTL Group Ltd., Digital Asset Holding LLC, Digital Treasury Corporation, Ethereum Foundation, Factom, IBM Corp., Blockcypher Inc., Microsoft, Primechain Technologies Pvt. Ltd., Skuchain, and others.

The report segments global blockchain technology in supply chain management market as follows:

Global Blockchain technology  in Supply Chain Management Market: Type Segment Analysis

  • Public
  • Private
  • Consortium

Global Blockchain technology  in Supply Chain Management Market: Protocol Segment Analysis

  • Bitcoin
  • Ethereum
  • Ripple Consensus network
  • Hyperledger
  • R3’s Corda
  • Symbiont Distributed Ledger
  • Others

Global Blockchain technology  in Supply Chain Management Market: Vertical Segment Analysis

  • Contract Management
  • Payment Systems
  • Procurement
  • Provenance
  • Ownership Transfer
  • Asset Tracking & Inventory Control
  • Others

Global Blockchain technology  in Supply Chain Management Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Blockchain Technology in Supply Chain Management Market, 2015 - 2024, (USD Million)
    • 2.2. Blockchain Technology in Supply Chain Management Market: Market Snapshot
  •  
  • Chapter 3. Global Blockchain Technology in Supply Chain Management Market - Industry Analysis
    • 3.1. Blockchain Technology in Supply Chain Management Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing Adoption of Baas
      • 3.2.2. Rising Cryptocurrency Market Cap and ICO
      • 3.2.3. Simplifying Business Processes and Creating Transparency and Immutability
      • 3.2.4. Faster Transactions
      • 3.2.5. Reduced Total Cost of Ownership
    • 3.3. Restraints
      • 3.3.1. Uncertain Regulatory Status and Lack of a Common Set of Standards
    • 3.4. Opportunity
      • 3.4.1. Rising Importance and Adoption of The Blockchain Technology Among Communication Service Providers
      • 3.4.2. Transforming International Trade and Supply Chain Management
      • 3.4.3. High Adoption of The Blockchain Technology For Payments, Smart Contracts, and Digital Identities
      • 3.4.4. New Breed of Programmable Blockchain Platforms
    • 3.5. Challenges
      • 3.5.1. Security, Privacy, and Control
      • 3.5.2. Limited Scalability
      • 3.5.3. Lack of Awareness About The Blockchain Technology
    • 3.6. Porter's Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis by Type Segment
      • 3.7.2. Market Attractiveness Analysis by Protocol Segment
      • 3.7.3. Market Attractiveness Analysis by Verticals Segment
      • 3.7.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global Blockchain Technology in Supply Chain Management Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject To Data Availability)
  •  
  • Chapter 5. Global Blockchain Technology in Supply Chain Management Market -Type Segment Analysis
    • 5.1. Global Blockchain Technology in Supply Chain Management Market Revenue Share, by Type, 2017 & 2024
    • 5.2. Global Blockchain Technology in Supply Chain Management Market by Public, 2015 - 2024 (USD Million)
    • 5.3. Global Blockchain Technology in Supply Chain Management Market by Private, 2015 - 2024 (USD Million)
    • 5.4. Global Blockchain Technology in Supply Chain Management Market by Consortium, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Blockchain Technology in Supply Chain Management Market -Protocol Segment Analysis
    • 6.1. Global Blockchain Technology in Supply Chain Management Market Revenue Share, by Protocol 2017 & 2024
    • 6.2. Global Blockchain Technology in Supply Chain Management Market by Bitcoin, 2015 - 2024(USD Million)
    • 6.3. Global Blockchain Technology in Supply Chain Management Market by Ethereum, 2015 - 2024(USD Million)
    • 6.4. Global Blockchain Technology in Supply Chain Management Market by Ripple Consensus Network, 2015 - 2024(USD Million)
    • 6.5. Global Blockchain Technology in Supply Chain Management Market by Hyperledger, 2015 - 2024(USD Million)
    • 6.6. Global Blockchain Technology in Supply Chain Management Market by R3's Corda, 2015 - 2024(USD Million)
    • 6.7. Global Blockchain Technology in Supply Chain Management Market by Symbiont Distributed Ledger, 2015 - 2024(USD Million)
    • 6.8. Global Blockchain Technology in Supply Chain Management Market by Others, 2015 - 2024(USD Million)
  •  
  • Chapter 7. Global Blockchain Technology in Supply Chain Management Market -Vertical Segment Analysis
    • 7.1. Global Blockchain Technology in Supply Chain Management Market Revenue Share, by Vertical 2017 & 2024
    • 7.2. Global Blockchain Technology in Supply Chain Management Market by Contract Management, 2015 - 2024(USD Million)
    • 7.3. Global Blockchain Technology in Supply Chain Management Market by Payment Systems, 2015 - 2024(USD Million)
    • 7.4. Global Blockchain Technology in Supply Chain Management Market by Procurement, 2015 - 2024(USD Million)
    • 7.5. Global Blockchain Technology in Supply Chain Management Market by Provenance, 2015 - 2024(USD Million)
    • 7.6. Global Blockchain Technology in Supply Chain Management Market by Ownership Transfer, 2015 - 2024(USD Million)
    • 7.7. Global Blockchain Technology in Supply Chain Management Market by Asset Tracking & Inventory Control, 2015 - 2024(USD Million)
    • 7.8. Global Blockchain Technology in Supply Chain Management Market by Others, 2015 - 2024(USD Million)
  •  
  • Chapter 8. Global Blockchain Technology in Supply Chain Management Market - Regional Analysis
    • 8.1. Global Blockchain Technology in Supply Chain Management Market: Regional Overview
      • 8.1.1. Global Blockchain Technology in Supply Chain Management Market Revenue Share, by Region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Blockchain Technology in Supply Chain Management Market, 2015 - 2024(USD Million)
      • 8.2.2. North America Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
      • 8.2.3. North America Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.2.4. North America Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
        • 8.2.5.2. U.S. Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.2.5.3. U.S. Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Blockchain Technology in Supply Chain Management Market, 2015 - 2024(USD Million)
      • 8.3.2. Europe Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
      • 8.3.3. Europe Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.3.4. Europe Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.3.5. U.K.
        • 8.3.5.1. U.K. Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
        • 8.3.5.2. U.K. Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.3.5.3. U.K. Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
        • 8.3.6.2. France Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.3.6.3. France Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
        • 8.3.7.2. Germany Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.3.7.3. Germany Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia-Pacific Blockchain Technology in Supply Chain Management Market, 2015 - 2024 (USD Million)
      • 8.4.2. Asia-Pacific Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
      • 8.4.3. Asia-Pacific Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.4.4. Asia-Pacific Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.4.5. China
        • 8.4.5.1. China Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
        • 8.4.5.2. China Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.4.5.3. China Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
        • 8.4.6.2. Japan Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.4.6.3. Japan Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
      • 8.4.7. India
        • 8.4.7.1. India Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
        • 8.4.7.2. India Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
        • 8.4.7.3. India Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Blockchain Technology in Supply Chain Management Market, 2015 - 2024(USD Million)
      • 8.5.2. Latin America Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.5.4. Latin America Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
    • 8.5.5. Brazil
      • 8.5.5.1. Brazil Blockchain Technology in Supply Chain Management Market Revenue, by Type , 2015 - 2024 (USD Million)
      • 8.5.5.2. Brazil Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.5.5.3. Brazil Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Blockchain Technology in Supply Chain Management Market, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East & Africa Blockchain Technology in Supply Chain Management Market Revenue, by Type, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East & Africa Blockchain Technology in Supply Chain Management Market Revenue, by Protocol, 2015 - 2024 (USD Million)
      • 8.6.4. Middle East & Africa Blockchain Technology in Supply Chain Management Market Revenue, by Verticals, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Abra
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Alphapoin
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Bitfury Group Limited
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Bloq Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Btl Group Ltd
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Digital Asset Holding Llc
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Developments
    • 9.7. Digital Treasury Corporation
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Developments
    • 9.8. Ethereum Foundation
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Developments
    • 9.9. Factom
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Developments
    • 9.10. Ibm Corp.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Developments
    • 9.11. Blockcypher Inc.
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product Portfolio
      • 9.11.4. Business Strategy
      • 9.11.5. Recent Developments
    • 9.12. Microsoft
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product Portfolio
      • 9.12.4. Business Strategy
      • 9.12.5. Recent Developments
    • 9.13. Primechain Technologies Pvt. Ltd
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product Portfolio
      • 9.13.4. Business Strategy
      • 9.13.5. Recent Developments
    • 9.14. Skuchain
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product Portfolio
      • 9.14.4. Business Strategy
      • 9.14.5. Recent Developments

Methodology

Free Analysis

The blockchain is a decentralized, digitalized, public ledger of all cryptocurrency transactions. Recent transactions are recorded and arranged in a chronological order which allows market participants to keep a track of the digital currency transactions without maintaining any record. This technology was mainly innovated for Bitcoin, a virtual currency introduced in 2008. Bitcoin was introduced to make digital transactions possible without involving any trusted intermediary. It was first traded or exchanged in 2010 with a value of 0.39 USD per Bitcoin and in Dec 2017, it was recorded to 17,549.67 USD. With the application of blockchain technology, new emerging business trends are emerging such as crowdfunding, supply chain auditing, decentralized file storage on the internet, anti-money laundering, stock trading, sell and purchase of renewable energy generated by neighborhood microgrids, and much more. Many businesses other than stock exchange and financial institutions such as field of music, diamond, insurance, and the Internet of Things (IoT) devices have adopted this technology because of it serving as an open electronic ledger and its has distributed database.

Blockchain technology is transforming the face of supply chain management market with a torrid pace. Some of the key benefits of the supply chain with blockchain technology are reduced delays from paperwork, fast issue identification, minimized courier cost, improved inventory management, and reduced fraud and errors. Challenges related to supply chain which have been overcome by the adoption of blockchain technology are visibility and data consolidation, tracking, transparency, and real-time issue resolution. Some of the supply chain management companies that have integrated the blockchain technology for their supply chain management system are Walmart, Maersk, British Airways, UPS, FedEx, and moreetc. Storj is a company that is presently beta-testing the concept of developing cloud storage based on blockchain technology to improve security by decreasing users dependency on a single storage provider’s centralized system. ProofofExistance is another non-financial company to utilize blockchain (distributed ledger technology) to store encrypted information which enables transaction that cannot be replicated. Big tech giants are integrating big data and IoT with blockchain technology which copes up the permission-less, fully transparent, and peer-to-peer distributed ledger which securely permits multiple transactions to occur between different participants.

Global Blockchain Technology Market

Rising cryptocurrency market capital and Initial Coin Offering (ICO), faster transactions, reduced total cost of ownership are some of the major factors which are catering this market’s growth. Furthermore, increasing adoption of Blockchain as a Service (BaaS), and simplifying business processes & creating transparency and immutability are another major market driving factors. Besides, of these several advantages, there are some hurdles in the adoption of blockchain technology which are: difficult to control, interoperability of one blockchain with another blockchain, limited scaling of the blockchain, and risk of privacy & security. Additionally, from future aspect some factors which are anticipated to uplift the market demand are transforming international trade & supply chain and a new breed of programmable blockchain platforms. However, uncertain regulatory status and lack of a common set of standards are hindering the market expansion.

Blockchain technology in supply chain management market is segmented on the basis of type, protocol, verticals, and region. Type-wise the market is bifurcated into public, private, and consortium. In addition, by protocol, the market is classified as Bitcoin, ethereum, ripple consensus network, hyperledger, R3’s Corda, symbiont distributed ledger, and others. Furthermore, on basis of verticals market is categorized into contract management, payment systems, procurement, provenance, ownership transfer, asset tracking, & inventory control. In terms of geographic region, North America is expected to dominate the market in forecast period due to the presence of prominent players and higher present adoption rate of blockchain technology. Asia-Pacific region is expected to grow with the highest CAGR during the forecast period because of foremost adoption of blockchain technology across multiple industry verticals such as procurement, ownership transfer, asset tracking & inventory control, payment systems, and others. Asia-Pacific region is adopting the digital currency trend which is catering to the growth of the market.

Many supply chain giants are showing interest in empowering blockchain technology with Big Data and IoT for driving business innovation and influencing the economic growth. Some of the leading players in the global blockchain technology in supply chain management market are Abra, Alphapoint, Bitfury Group Ltd., Bloq Inc., BTL Group Ltd., Digital Asset Holding LLC, Digital Treasury Corporation, Ethereum Foundation, Factom, IBM Corp., Blockcypher Inc., Microsoft, Primechain Technologies Pvt. Ltd., Skuchain, and others.

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