Global $56 7 Billion Blockchain Market to 2026: Network Privacy, Security Concerns and Unsettled Regulatory Environment are Hindering the Market Growth prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Central Bank Controlled Digital Currencies to leverage Blockchain Technology and Social Credit Systems
Unlike Bitcoin, which represents a form of decentralized finance, digital currency planned in China is anticipated to leverage both the best and worst aspects of blockchain from an everyday citizen s perspective. It is anticipated that China will leverage its soon to be released currency as a means of controlling the commerce of its population. The sovereign nation may do by way of tracing payments between buyers and sellers via blockchain.
Used in conjunction with the country s social credit system, China will be able to determine who is following its policies, demonstrating favorable behaviors, and receive associated rewards such as minimal restrictions on approved commerce activities. On the other hand, those individuals that are identified as not following policies, or otherwise acting in an unacceptable manner, may be restricted from trade of various types including buying an
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This research evaluates 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 2020 to 2025.
The research also evaluates key players, solutions, and use cases. It also assesses the prospect of integrating blockchain with other technologies including IoT and artificial intelligence. The report includes detailed forecasts by use case, application, and industry verticals. This includes blockchain applications and solutions for both financial and non-financial markets.
Electronics and Semiconductor Vertical is Expected to Account for the Largest Market Share
Electronics and semiconductor manufacturers are facing a number of quality, logistics, and supply chain challenges in the industry. Poor quality and counterfeiting to inefficient processes and a lack of trust in production are driving the demand for advanced solutions in the sector.
With complex manufacturing processes, the demand for parts and material integrity within the supply chain needs to be enhanced in order to reduce the lead time and lower the production cost. In each stage of electronics and semiconductor manufacturing, blockchain could be applied in a variety of use cases to expedite processes and overcome the security issues.
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Insights on the Blockchain in Manufacturing Global Market to 2026 - Asia-Pacific is Expected to Dominate the Market - ResearchAndMarkets.com
February 5, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 5, 2021
The global spending on the blockchain by the manufacturing sector was valued at USD 546.53 million in 2020, and it is expected to reach a value of USD 16,243.22 million by 2026, registering a CAGR of 76.26% over the forecast period 2021 -2026.
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Electronics and Semiconductor Vertical is Expected to Account for the Largest Market Share
Electronics and semiconductor manufacturers are facing a number of quality, logistics, and supply chain challenges in the industry. Poor quality and counterfeiting to inefficient processes and a lack of trust in production are driving the demand for advanced solutions in the sector.