Forencis Research Blockchain Supplychain Market 2024

Blockchain Supplychain Market to Reach USD 4.1
Billion in 2024, Predicts Forencis Research
The Global Block Chain Supply Chain Market is estimated to reach USD 4.1 Billion in 2024 at a CAGR
of 81.2%. Increasing customer demand for traceability and increasing demand for secure trail is
expected to drive the block chain supply chain market during the forecast period. However, issue of
data ownership and complexity of combining block chain with existing system is expected to restrain
the market during the forecast period. Combining block chain with IoT and other monitoring
technology is expected to become an opportunity for block chain supply chain market.
Block chain is safe, secure data ledger simultaneously used by multiple entities via distributed
network. Supply chain is a series of processes involved in the manufacturing and distribution of any
commodity. Block chain supply chain is collaborating block chain technology with existing supply
chain system. Block chain supply chain improves the efficiency of current system and delivers better
outcomes. Some key players in block chain supply chain market are IBM, Microsoft Corporation,
Deloitte Touche Tohmatsu Limited, Oracle Corporation, and SAP SE among others.
Block chain Supply Chain Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global
blockchain supply chain market. It includes detailed discussion on historical market trends, current
market dynamics, consumer landscape, growth opportunities and challenges backed by factful
feedbacks. On the basis of platform, the market is segmented into public, private and permissioned.
By provider, the blockchain supply chain market is segmented into service and solution, middleware,
and infrastructure and protocol. By application, blockchain supply chain market is segmented into
counterfeit detection, product traceability, smart contracts, streamline payment, compliance
management and others. By end use industry, blockchain supply chain market is segmented into
retail, life science and healthcare, automotive and manufacturing, energy and power, food and
others.
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