Futurism of Blockchain Technology

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Blockchain Technology and its Application Area

The global blockchain technology market size was valued at USD 1,590.9 million in 2018 and is expected to grow at a CAGR of 69.4% from 2019 to 2025. The blockchain technology is one of the most promising upcoming technological trends in the information technology domain. Blockchain is the digital, distributed, and decentralized ledger underlying most virtual currencies that's responsible for logging all transactions without the need for a financial intermediary, such as a bank. In other words, it's a new means of transmitting funds and/or logging information.

Moreover, the application of Blockchain Technology is not just limited to financial service industry. It’s currently applied across wide range of industries including Social Networking, Agriculture, Manufacturing, Electricity, Construction, Services, Logistics, Transportation, Betting or Bookmaking, Voting, and others, evident from in-depth analysis on the relevant patent data by our experts.

We worked on a technology landscape on “Blockchain technology and its application areas” covering all the Patent as well as market perspective.

The landscape report provides a bird’s-eye view of filing trends of blockchain technology and its application area such as priority year, priority countries, market countries, major players, major universities, and top inventors.

Additionally, the report provides the technology and assignee breakdown corresponding to different application area of blockchain technology.

This report is also useful for assessing changing market dynamics and for identifying unknown or new competitors, potential partners and emerging technology trends.

Report Overview

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