+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Blockchain Report Subscription: Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028

  • Report

  • January 2024
  • Region: Global
  • Wintergreen Research, Inc
  • ID: 5702418

The subscription includes access to 7 reports in the Blockchain industry, with access to report updates for one year.

Choose any 7 studies for the Subscription

  • Blockchain, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain for Voting, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain Middleware, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain for Banking, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • CBDX Blockchain Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain for Supply chain, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Crypto Blockchain, Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain for Identity Management Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain Payments Management Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Government Blockchain Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Healthcare Blockchain Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain Tracking and Tracing Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain Data Reconciliation Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Blockchain Data Access and Sharing Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
  • Cross Platform Systems Integration Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028

Blockchain is a trusted server architecture because it provides an immutable record of digital transactions. While early linear blockchain technology was costly to implement in terms of energy usage, modern DLT digital ledger technology is nonlinear and far more efficient.

Blockchain has Immutable Nodes of Data, Tracking Transactions to Prevent Hacking or Changing Data. Blockchain, with smart contracts, offers a solution that automates, secures, and distributes data with business logic across a distributed network. It provides support for the streamlined sharing of information with many organizations.

Tracing manufacturing processes using blockchain-based token compositions represents compelling new technology for manufacturing. Supply chain traceability benefits from decentralization, immutability and transparency. Blockchain is used to build trust relationships among entities. Allowing for the traceability of manufactured goods, including their components is a compelling feature for manufacturers. Products are represented using non-fungible digital tokens that are created on a blockchain for each batch of manufactured products.

Blockchain architecture is used for trusted transactions. Record a history of transactions in a shared, immutable blockchain ledger for transactional applications. IBM Blockchain Platform provides a shared view of cross-organizational data and processes: Blockchain for device integration supports cross-platform systems integration. IBM Tamper-resistance helps engender trust and removes the need for reconciliation.

In the finance world, blockchain began making its mark with the rise of cryptocurrency, but it has since branched out to create numerous global payment systems with the same technology - known as blockchain payments.

Use Cases for Blockchain

Digital currency in the form of cryptocurrency has been the dominant use case for blockchain worldwide. With the bankruptcy of FTX, digital currencies present a more challenging use case. Cross-platform data access and data sharing are emerging as a dominant use case. Data reconciliation and supply chain cross-platform transaction management represent established use cases. Identity protection, payment management, and transaction tracking and tracing represent other uses of blockchain. Blockchain offers cryptographically secured decentralized ledger technologies. The distributed ledger technology for bitcoin has been very energy intensive. Those blockchains are not easily scaled. Other nonlinear blockchain solutions are more economical. Electronic transactions need a digital record of the stores and balances to be kept in accounting systems or databases. With blockchain, this occurs across multiple computers with no central authority, it is decentralized.

Blockchain Market Segments

  • Blockchain-Based Framework For Supply Chain Traceability
  • Blockchain Manufacturing Processes
  • Textile And Clothing Industry Supply Chain Blockchain
  • Blockchain Middleware
  • CBDC Digital Currency
  • Blockchain Data Access And Sharing
  • Blockchain Identity Protection
  • Blockchain Voting
  • Blockchain Tracking and Tracing
  • Blockchain Payments Management

Key Topics:

  • Blockchain
  • Blockchain for Voting
  • Blockchain for Supply Chain
  • Crypto Blockchain
  • Blockchain for Identity Management
  • Blockchain Payments Management
  • Government Blockchain
  • Healthcare Blockchain
  • Blockchain Middleware
  • Blockchain for Banking
  • CBDX Blockchain
Frequently Asked Questions about the Global Blockchain Market

What is the estimated value of the Global Blockchain Market?

The Global Blockchain Market was estimated to be valued at $7.18 Billion in 2022.

What is the growth rate of the Global Blockchain Market?

The growth rate of the Global Blockchain Market is 56.3%, with an estimated value of $163.83 Billion by 2029.

What is the forecasted size of the Global Blockchain Market?

The Global Blockchain Market is estimated to be worth $163.83 Billion by 2029.

Who are the key companies in the Global Blockchain Market?

Key companies in the Global Blockchain Market include 10Clouds, Accenture, Ackee Blockchain, Amazon Web Services, Anchorage Digital, Applied Blockchain, Aptos, Argo Blockchain, Autograph and Axoni.

Table of Contents


Sample Table of Contents: Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves: Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028
1. Digital Currency for Transaction Settlements
1.1 Blockchain as an Electronic List of Connected Records
1.2 US CBDC Instant Payments Operation
1.3 4th Industrial Revolution
1.4 CBDC Digital Financial Revolution
1.5 Implications of CDBC for New Industrial Revolution
1.6 Central Bank Digital Currency
1.7 Commercial Banking Market Description

2. CBDC Central Bank Digital Currency Market Shares and Market Forecasts
2.1 Central Bank Digital Currency CBDC Market Driving Forces
2.1.1 Value of CBDC Digitization of Cross-Border Settlements Payments 40
2.1.2 CBDC Market Driving Forces
2.2 Central Bank Digital Currency CBDC Blockchain Market Shares
2.3 Central Bank Digital Currency CBDC Market Forecasts
2.3.1 Improvements In Payment Systems
2.3.2 Central Bank Monetary Policy
2.4 Global Economy and Selected Market Segments
2.4.1 Auto Manufacturing Companies
2.4.2 Global Corporates Move $23.5 Trillion Across Countries Annually 58
2.4.3 US Central Bank Money: Most Trusted
2.4.4 Cryptocurrency Value Decline
2.4.5 Token-Based CBDCs
2.5 Digital Currency CBDC Regional Market Segments
2.5.1 US
2.5.2 US Central Bank Digital Currency (CBDC) Executive Order: Research a Matter of Urgency
2.5.3 China
2.5.4 CBDC for China
2.5.5 India
2.5.6 IBM Blockchain Platform for Supply Chain Financing and Security in India
2.5.7 Japan
2.5.8 UK
2.5.9 Switzerland
2.5.10 Bahamas and Cambodia

3. Global Economy, CBDC, Blockchain, and Stable Currency
3.1 Shifts In Financial Markets, Countries Seek to Further Embrace Digital Technology for Fiscal Control and Cross Border Settlements
3.1.1 Wealthy US Customer Base Assures Leadership In the 4th Industrial Revolution 76
3.1.2 Fundamental Strength of The US Economy
3.1.3 Elite Players Orchestrate the World Economy
3.2 Federal Reserve Bank of Boston and the Massachusetts Institute of Technology Digital Currency Initiative
3.2.1 US To Issue a Digital Currency CBDC
3.2.2 CBDC Brings Change in Money Supply
3.3 Central Bank of Bahrain and JPMorgan to Work on Digital Currency Settlement Pilot
3.3.1 Bank for International Settlements (BIS)
3.4 Bank for International Settlements (BIS) Core CBDC Technology Options 86
3.5 Reducing Tax Evasion, Money Laundering, and Fraud with Cryptocurrency 89
3.5.1 US Cryptocurrency Whole-of-Government Approach Executive Order:
3.5.2 Identifiers Reducing Tax Evasion, Money Laundering, and Fraud 90
3.6 Bitcoin and Crypto Currencies
3.6.1 Digital Cryptocurrencies
3.6.2 Bitcoin, Ethereum and Other Cryptocurrencies
3.6.3 US Central Bank Crackdown on Digital Currency
3.7 Volatility of the Bit Coin and Similar Crypto Currency
3.7.1 Fluctuating Values of Crypto Currency
3.8 Blockchain Simply Can't Scale
3.8.1 L4S TapestryX
3.8.2 Consistency Issues with Blockchain
3.9 Stable Currency

4. Central Banking Industry - Central Bank Digital Currency
4.1 CBDC Enhances Cross Border Settlement Efficiency
4.2 CBDC Transaction flow
4.3 Blockchain Comparison: Corda, Fabric, and Quorum
4.4 Shift To Digital
4.5 GDP to Debt Gap
4.5.1 AI in Central Banking
4.6 Web 3.0
4.7 Move to Automation: AI and Quantum Computing
4.7.1 Innovation and industry transformation
4.8 Electric Vehicles, Solid State Batteries, and Energy Storage
4.9 Central Banks Adopt Banking as a Service
4.9.1 Hyperledger Fabric Transaction Flow
4.9.2 Hyperledger Fabric vs. Hyperledger Sawtooth
4.10 Banking Regulations

5. Blockchain Banking and Financial Technology Company Profiles
5.1 Accenture
5.1.1 Accenture Interest in CBDC
5.1.2 Accenture
5.2 Ackee Blockchain
5.3 Applied Blockchain
5.4 AWS
5.4.1 Amazon Web Services (AWS) Works with Central Banks Across the Globe to Support Innovation
5.4.2 AWS Aligning CBDC Design Principles with Technical Design Choices 131
5.4.3 AWS CBDC Technical Design Choices
5.4.4 AWS CBDC Framework
5.4.5 AWS Cloud Computing
5.5 Bank for International Settlements (BIS)
5.6 Bitfury
5.6.1 Bitfury Central Bank Digital Currencies (CBDCs)
5.7 Block.One
5.8 DBS Bank
5.9 The Digital Dollar Foundation
5.9.1 Accenture Partnership with The Digital Dollar Project
5.10 EOS
5.10.1 EOS Web-Based Applications Core Functionality
5.11 European Union Blockchain Observatory & Forum
5.12 Facebook Libra
5.12.1 Libra Payment System Stablecoins (?USD, ?EUR, ?GBP, (?LBR) 150
5.12.2 Facebook One of Several Companies with a Worldwide Footprint that Can Support an International Currency
5.13 Global Blockchain Association GBA
5.14 Goldman Sachs
5.14.1 Goldman Sachs Group Central Bank CBDC Initiatives
5.14.2 Goldman Sachs Group Research on CBDC Implementation
5.14.3 Goldman Sachs Group Project mBridge
5.15 Influxdata
5.16 Infosys
5.17 Intel, BMW, and Nielsen: Tribe Accelerator
5.18 JPMC
5.18.1 Partior Nodes
5.19 IBM Hyperledger Fabric
5.19.1 IBM Digital Banking Technology: Double and Triple Encryption, Wallets, Apps 166
5.19.2 IBM Hyperledger Fabric Workflow Automation
5.19.3 IBM Blockchain Networks Give Competitive Advantage
5.19.4 IBM Blockchain Governance: Model Expertise
5.19.5 IBM Hyperledger Fabric
5.19.6 IBM Red Hat® Opensource OpenShift
5.19.7 IBM Addresses Priorities for Financial Services Organizations
5.19.8 IBM Blockchain Platform for Supply Chain
5.20 JP Morgan Chase (JPMC)
5.20.1 JP Morgan’s Blockchain Unit Onyx
5.20.2 JP Morgan Software for ‘Collateral Blockchain Tokenization’
5.21 Microsoft
5.21.1 Microsoft Vision for a Global Network of Connected CBDC Platforms
5.22 World Health Organization Collaborated with Oracle and IBM to create a digital ledger
5.22.1 Oracle Corda Services
5.23 Partior / JP Morgan, DBS Bank, and Temasek
5.24 Quorum
5.24.1 Quorum Zero Knowledge Security Layer (ZSL)
5.25 R3
5.25.1 R3’s CBDC Accelerator and Corda
5.25.2 R3’s Corda Platform Customer Base
5.25.3 Corda Secure Message-Oriented Middleware (MOM) Communication Using Advanced Message Queueing Protocol (AMQP) - A Wire-Level, ApplicationLayer Protocol
5.25.4 Corda Firewall, Bridge/Float Component, Designed for Enterprise 190
5.25.5 R3 Corda DLT Trust Technology
5.25.6 R3 Corda
5.25.7 R3 Revenue
5.26 Ripple
5.27 SAP
5.27.1 SAP Programmable Money Offers Frictionless Payments
5.27.2 SAP Machine-to-Machine Payments
5.27.3 SAP Next Digital Horizon for Central Banks
5.27.4 SAP Seeks Company Liquidity
5.27.5 SAP Trusted Digital Payments
5.28 Swift
5.28.1 SWIFT Experiments with Accenture
5.29 L4S / TapestryX
5.30 Tata Consultancy Services (TCS)
5.31 Wipro
5.31.1 Wipro and R3 Target Thailand
5.31.2 Wipro Revenue

6. Selected Description of Banks
6.1 The Commercial Banks
6.2 JP Morgan Chase
6.2.1 JPMorgan Onyx
6.3 Barclays
6.3.1 Digital Money
6.3.2 Private Platforms Can Be Risky
6.3.3 ‘Fedcoin’ Features
6.3.4 Barclays CBDC Analysis

List of Figures
Figure 1. Private Money Before Crypto: Chesapeake and Ohio Canal Company Note (1841)
Figure 2. CBDC Implementation Large Bank Interbank Settlement and Cross Border Payments Savings Market Forecasts, Dollars, Worldwide, 2022-2028 11
Figure 3. Cryptocurrency Price Variation, 2022
Figure 4. Price Volatility of Cryptocurrency: CoinDesk
Figure 5. Price Volatility of Cryptocurrency: Bloomberg
Figure 6. Internal Combustion Engine Vehicle Replacement with Electric Vehicles vs Expected Industry Sales Market Forecasts, Units and Dollars Worldwide, 20222028
Figure 7. Internal Combustion Engine Vehicle Replacement with Electric Vehicles Sales Market Forecasts, Dollars Worldwide, 2022-2028
Figure 8. GBA Blockchain Technology Contributes to A Circular Economy
Figure 9. CBDC Design Issues
Figure 10. Benefits of Blockchain Electronic Ledger
Figure 11. Blockchain Use Cases
Figure 12. CBDC Central Bank Digital Currency Speed of Operations
Figure 13. US CBDC Central Bank Digital Currency Initiative Instant Operations Development
Figure 14. CBDC System Elements
Figure 15. Industrial Revolution in Robotic Automation of Agriculture
Figure 16. New Industrial Revolution Market Driving Forces
Figure 17. New Industrial Revolution Market Driving Forces
Figure 18. Janet Yellen, US Treasury Secretary, served on the Federal Reserve’s Policymaking Committee
Figure 19. Banking Industry Products and Services
Figure 20. Banking Industry Activities
Figure 21. US Banking Industry Large Banks
Figure 22. CBDC Implementation Large Bank Interbank Settlement and Cross Border Payments Cost Savings Market Forecasts, Dollars, Worldwide, 20222028
Figure 23. Central Bank Digital Currency CBDC Market Driving Forces
Figure 24. Critical Elements Required for CBDC Cross Border Settlement Implementation
Figure 25. Central Bank Digital Currency Market Driving Forces
Figure 26. CBDC and Cross Border Settlements Blockchain and Distributed Ledger Market Shares, Dollars, Worldwide, 2021
Figure 27. CBDC and Cross Border Settlements Blockchain and Distributed Ledger Market Shares, Dollars, Worldwide, 2021
Figure 28. CBDC and Cross Border Settlements Blockchain and Distributed Ledger Market Shares, Dollars, Worldwide, 2021
Figure 29. Large Bank Interbank Settlement and Cross Border Payment Blockchain / DL Market Forecasts, Dollars Shipped, Worldwide, 2022-2028
Figure 30. Global Economy, Total GDP, 2021 - 2028, Market Forecasts, Dollars Worldwide,
Figure 31. Internal Combustion Engine Vehicle Replacement with Electric Vehicles vs Expected Industry Sales Market Forecasts, Units and Dollars Worldwide, 20222028
Figure 32. Internal Combustion Engine Vehicle Replacement with Electric Vehicles Sales Market Forecasts, Dollars Worldwide, 2022-2028
Figure 33. Internal Combustion Engine Vehicle Replacement with Electric Vehicles Sales Market Forecasts, Units Worldwide, 2022-2028
Figure 34. Annual Vehicle Sales Market Forecasts, Dollars and Units Worldwide, 2022-2028
Figure 35. Electric Vehicle Adoption Market Forecasts, Dollars and Units Worldwide, 2022-2028
Figure 36. Transactional Cash Management Metrics
Figure 37. Global Payments Infrastructure
Figure 38. Cryptocurrency Price Variation, 2022
Figure 39. Interbank and Wholesale CBDC Projects by Region
Figure 40. CBDC Activity by Region
Figure 41. The US Federal Reserve
Figure 42. The US Federal Reserve Key Functions
Figure 43. The US Federal Reserve Activities
Figure 44. IBM Security Command Center in Bengaluru, India
Figure 45. The Rise of Decentralized Finance
Figure 46. Core CBDC Technology Options
Figure 47. CBDC Access Implementation
Figure 48. Process, Clearing and Settlement Service
Figure 49. CBDC Commercial Deployment and Operation
Figure 50. CBDC Biometrics Personal Identifier
Figure 51. Total Number of Bitcoins and Market Capitalization.
Figure 52. Price Volatility of Cryptocurrency: CoinDesk
Figure 53. Price Volatility of Cryptocurrency: Bloomberg
Figure 54. L4S TapestryX Distributed Ledger Technology (DLT) Target Markets 100
Figure 55. Blockchain Scaling Solutions Evaluation Criteria
Figure 56. CBDC Enhances Cross Border Settlement Efficiency
Figure 57. Types of Robots
Figure 58. AWS CBDC Transaction Flow
Figure 59. AWS Cloud for CBDC
Figure 60. Blockchain Comparison: Corda, Fabric, and Quorum
Figure 61. Branch Banking is Dying
Figure 62. US Banking Industry Market Employment Decreases in Direct Employment, Forecasts, 2021 to 2027
Figure 63. AI Challenges in Banking
Figure 64. Channels Of Implementing Artificial Intelligence in Central Banking 117
Figure 65. Quantum Computing Potential for Banking and Finance Investments
Figure 66. Vehicles Sold in 2019 by Manufacturer & Model (US Data)
Figure 67. Banking As a Service (BaaS) comes in to fill the gap
Figure 68. Fabric Network Ordering Service
Figure 69. Example of 40 Banks Worldwide Experimenting with Digital Currency
Figure 70. Accenture CBDC Research Project Areas
Figure 71. AWS Technical Design Issues Impacting the Distributor Role
Figure 72. Components of Technical Design Choices for a CBDC system
Figure 73. AWS Relationship Between Distributor and Competitive Dynamics 133
Figure 74. Key Principles in CBDC AWS Framework
Figure 75. CBDC: Objectives and Architectural Considerations
Figure 76. AWS CBDC Objectives:
Figure 77. CBDC AWS Design Industry Standard Performance Criteria
Figure 78. CBDC PSP Ecosystem
Figure 79. AWS Benefits of Partner IBM Hyperledger Fabric
Figure 80. EOS Blockchain-Based Functions
Figure 81. EOS Blockchain-Based Features
Figure 82. Global Economy, Total GDP, 2021 - 2028, Market Forecasts, Trillions of Dollars, Worldwide
Figure 83. GBA Blockchain Technology Contributes to A Circular Economy 154
Figure 84. Internal Combustion Engine Vehicle Replacement with Electric Vehicles vs Expected Industry Sales Market Forecasts, Units and Dollars Worldwide, 20222028
Figure 85. Goldman Sachs Group Financial Services Customer Types and Segments
Figure 86. Strengths of Infosys:
Figure 87. Infosys Key Themes:
Figure 88. A Node on Quorum
Figure 89. Quorum Network Architecture
Figure 90. IBM Hyperledger Fabric, Blockchain Technology Functions
Figure 91. IBM Hyperledger Fabric, Blockchain Technology Features
Figure 92. Aspects Of IBM Blockchain Solutions
Figure 93. IBM Hyperledger Fabric Functions
Figure 94. IBM Hyperledger Fabric Features
Figure 95. IBM Positioning of Blockchain for Financial Services Organizations172
Figure 96. IBM Positioning of Blockchain for Organizational Restructuring 173
Figure 97. IBM CBDC Issues
Figure 98. Corda Oracle Services: International Settlements Using Multi-CBDCs
Figure 99. Partior Enterprise Blockchain Platform Partners
Figure 100. Partior Cross Border Payments
Figure 101. Partior - Disrupting Cross Border Payments
Figure 102. Transaction Flow of Fund Transfer in Quorum
Figure 103. R3’s Corda Platform Customer Base
Figure 104. R3 Technology Customer Base
Figure 105. R3 Financial Services Customer Base
Figure 106. R3 Systems Integrators and Cloud Providers Customer Base
Figure 107. R3 Blockchain for Supply Chain Management: Use Cases and Applications
Figure 108. Use Cases of Blockchain / DLT for Supply Chain
Figure 109. R3 Blockchain Supply Chain Systems Functions
Figure 110. L4S DL/Blockchain Features
Figure 111. TapestryX Fundamental DTL Requirements vs Blockchain Capabilities
Figure 112. Wipro Revenue 2001-2021
Figure 113. Project Inthanon: Wipro and R3 Launch Interbank Settlement Blockchain with Digital Currency
Figure 114. Project Inthanon Functions
Figure 115. Leading Banks in the U.S., by Number of Employees
Figure 116. Threats Cryptocurrencies Pose to Financial System Stability

Samples

Loading
LOADING...

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 10Clouds
  • Accenture
  • Ackee Blockchain
  • Amazon Web Services
  • Anchorage Digital
  • Applied Blockchain
  • Aptos
  • Argo Blockchain
  • Autograph
  • Axoni
  • Bank for International Settlements (BIS)
  • Barclays
  • Binance
  • BIT Mining Ltd
  • Bitfarms
  • Bitfury
  • Bittrex
  • Block.One
  • Blockdaemon
  • BlockFi
  • BMW
  • Boomi
  • Canaan Inc
  • Chainanalysis
  • Chainlink
  • Chimpare
  • Chorus One
  • Circle
  • Coinbase Global Inc.
  • Coinme
  • ConsenSys
  • Cubix
  • DBS Bank
  • Demand.io
  • EOS
  • European Union Blockchain Observatory & Forum
  • EvaCodes.
  • Everscale.network
  • Facebook Libra
  • Fortress Trust
  • Gemini
  • Global Blockchain Association GBA
  • Goldman Sachs
  • Hive
  • Huawei
  • IBM
  • imapp
  • Influxdata
  • Informatica
  • Infosys
  • Intel
  • Jitterbit
  • JP Morgan Chase (JPMC)
  • L3S
  • L4S
  • Labrys
  • LeewayHeartz
  • Microsoft
  • Mojito
  • Monex Group Inc.
  • MoonPay
  • Mulesoft
  • NEC
  • Nielsen
  • Oracle
  • Partior
  • Paxful
  • Quorum
  • R3
  • Rather Labs
  • RECUR
  • Republic
  • Ripple
  • SAP
  • Silvergate Capital Corp.
  • Snaplogic
  • Software AG
  • SOS Ltd
  • Spring Labs
  • Steem
  • Swift
  • Synthetix
  • TapestryX
  • Tata Consultancy Services
  • TaxBit
  • Technologies Ltd.
  • Temasek
  • The Digital Dollar Foundation
  • Tibco
  • Tokenomics
  • Voyager Digital Ltd.
  • Wipro
  • Workato
  • World Health Organization