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Unblocking the Blockchain: Innovations Revolutionizing the Energy and Industrial Sectors

  • ID: 4655856
  • Report
  • September 2018
  • Region: Global
  • 47 pages
  • Frost & Sullivan
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An Overview and Impact Assessment on Energy and Industrial Applications

The rising demand for faster and secure payments by banks and end-users along with full transparency has made Blockchain one of the fastest growing technology market in the world. Banks are investing heavily in R&D activity related to verifying and recording finance transactions. Also, major US technology companies such as IBM, Microsoft, and startup innovators are developing Blockchain-based services and applications, thereby driving the global Blockchain development market.

Blockchain technology is positioned to meet the increasingly complex demands of the digital-first future through smart contract capabilities, middlemen elimination and provenance and consensus on all transactions. Blockchain greatly reduces transaction costs by eliminating middlemen along the supply chain. This is a key factor that will drive the adoption of this technology across all industries. Blockchain is capable of resolving issues prevalent across industry sectors by introducing Blockchain-based micro payments and contract pricing models, thereby eliminating the transaction cost.

In brief, this research service covers the following points: Blockchain - An overview Drivers and challenges for Blockchain adoption Blockchain-based Energy and Industrial Applications and its impact Use case by Energy and Industrial Sectors Patent, adoption trends, and key funding initiatives

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1. Executive Summary
1.1 Research Scope
1.2 Research Methodology
1.3 Research Methodology Explained
1.4 Key Findings

2. Blockchain - Overview
2.1 Blockchain is Expected to be One of the Key Pillars of Digitization Across Various Industrial Verticals
2.2 Financial Institutes will Remain Key Investors in the Blockchain Space in Coming Years

3. Drivers & Challenges
3.1 Impact Assessment of Drivers and Challenges for Blockchain
3.2 Blockchain Eliminates Third Party to Verify Transaction
3.3 Advancements and Awareness will Enhance the Overall Technology Architecture for Blockchain

4. Application Diversity
4.1 Banking, Healthcare, Automotive, Energy, and Manufacturing Industries will Drive the Adoption Rate in the Coming Years
4.2 Industrial Applications May be Different but the Technological Capabilities Remain the Same

5. Manufacturing
5.1 Blockchain is Likely to Ease the Manufacturing Process
5.2 Blockchain Will Enable Trust Transaction in Material Supply Chain
5.3 Partnership and Alliances will Foster Blockchain Application Development Ecosystem
5.4 Many Innovative Applications are Being Developed and Tested Specially in the Areas of Supply Chain and Industry 4.0
5.5 Increasing Number of Startups have Started to Harness the Power of Blockchain Technology in the Manufacturing Industry

6. Energy
6.1 P2P Energy Trading Model will Facilitate Efficient Energy Management
6.2 Blockchain to Revolutionize Energy Sector
6.3 Blockchain Would Provide Traceability and Transparency in Business Transactions
6.4 Key Innovative Companies Implementing Blockchain for the Energy Industry

7. Automotive
7.1 Mobility Solutions Such as Ride Sharing and Supply Chain Logistics are the Current Possible Functional Areas in Auto Sector
7.2 Blockchain Would Accelerate Technology Disruption in Automotive Market
7.3 OEM Financial Divisions are Exploring Blockchain for Financial Applications

8. Convergence Use Cases & Industrial Adoption Framework
8.1 Synergies Between Blockchain and Other Emerging Techs to Provide Converged Applications Across the Industrial Sector
8.2 Consistent Regulatory Framework Along with Ready IT Infrastructure Will Ease the Adoption of Blockchain Technology Across Businesses

9. Patent & Funding Trend
9.1 China Poised to Become a Blockchain Innovation Hub by 2022
9.2 Blockchain Companies' Investments to Exceed after 2018
9.3 Adopting a More Flexible Regulatory Approach Will Enable Development of Blockchain Best Practices

10. Strategic Recommendations
10.1 Strategic Collaborations Will be Key to Blockchain Development
10.2 Blockchain to Enable New Business Models of Future

11. Industry Contacts
11.1 Key Contacts

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