Global Blockchain Technology In Supply Chain Management Market Overview:
A blockchain could be a distributed, or decentralized, ledger—a digital system for recording transactions among multiple parties during a verifiable, tamper-proof method. Blockchain will greatly improve provide chains by sanctionative quicker and additional cost-effective delivery of merchandise, enhancing products' traceability, up coordination between partners, and aiding access to funding. To provide chains, it's to permit a restricted variety of better-known parties to safeguard their business operations against malicious actors whereas supporting higher performance. prospering blockchain applications for provide chains would require new permissions blockchains, new standards for representing transactions on a block, and new rules to manipulate the system—which are dead varied stages of being developed.
- Increasing Popularity of Blockchain Technology in Retail And SCM
- Rising Need for Supply Chain Transparency in Different Applications
- Uncertain Regulatory Standards and Lack of Government Regulations
- Rising Demand for Enhanced Security of Supply Chain Transactions
- Rising Government Initiatives for Better Business Transactions Effective Supply Chain
- High Transaction Data Volume Management and Storage
The global market for blockchain technology in supply chain management is fragmented by global key players moving to the rising demand for blockchain technology in safe and secure transactions and business procedures integrated with automation for supply chain management procedures. The player should focus on innovation and integration of artificial intelligence with business tools for ease of interoperability of blockchain technology with the supply chain.
Some of the key players profiled in the report are IBM (United States), Microsoft (United States), SAP (Germany), AWS (United States), Oracle (United States), Huawei (China), Guardtime (Estonia), TIBCO Software (United States), Bitfury (The Netherlands), Interbit (Canada) and Auxesis Group (India). Additionally, following companies can also be profiled that are part of our coverage like VeChain (China), Chainvine (United Kingdom), Digital Treasury Corporation (China) and Datex Corporation (United States). Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Blockchain Technology In Supply Chain Management market. Considering Market by Industry Verticals, the sub-segment i.e. FMCG will boost the Blockchain Technology In Supply Chain Management market. Considering Market by Offering, the sub-segment i.e. Solution will boost the Blockchain Technology In Supply Chain Management market.
In 2018, Oracle Blockchain Applications Cloud was launched to help customers increase trust and provide agility in transactions across their business networks. This blockchain cloud will help different clients in supply chain operations and will help secure transactions in order to rise applications of blockchain.
What Can be Explored with the Blockchain Technology In Supply Chain Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blockchain Technology In Supply Chain Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blockchain Technology In Supply Chain Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blockchain Technology In Supply Chain Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blockchain Technology In Supply Chain Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Blockchain Technology in Supply Chain Management Provider, Software Developer, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.