Research and Markets has announced the addition of a new report to its catalogue. ‘Blockchain Technology and Solutions: Market Outlook and Forecasts 2017 – 2022’ examines the technology, leading companies, and solutions in the evolving Blockchain ecosystem. The report evaluates current and anticipated use cases for Blockchain and assesses the market potential globally, regionally, and segmented by deployment type and industry vertical for the period up to 2022.
Anticipated to be in use by up to 65% of enterprise by 2020, blockchain technology gives a distributed ledger solution to authentication, clearing and settlement is set to revolutionise every sector, with important application for the Internet of Things. Blockchain solutions are not yet mainstream, but already making a big impact as the technology is highly disruptive in the banking and general financial services sectors.
Lessons learned in FinTech and traditional banking from applying a decentralized authentication, clearing and settlement approach via blockchain technology can be applied towards many telecom and computing problems for the benefit of many industry verticals. IoT is one key area identified for the technology to secure as it is a means of authenticating and authorizing IoT transactions. The report sees Blockchain as a Service representing a key service offering for many market segments to introduce and ultimately adopt this approach as part of business operations.
Targeting sectors such as data services companies, banking and FinTech industries, and network operators and service providers amongst others, the report covers what blockchain technology is before moving on to examine a number of aspects of the technology. The blockchain ecosystem and marketplace section covers types of blockchain, applications, consortiums developments and prototypes etc.; whereas the outlook and forecast section examines the marker for providers and vendors and a geographical breakdown of market for providers, blockchain-as-a-system, types, organization, industry vertical and country. Beyond this, the report looks at 30 companies that provide solutions in detail, and mentions a number of others.