- In April 2023, The German government has introduced the Future Finance Act, which aims to create a regulatory framework for startups focused on financial innovation. This legislation is designed to enhance the digitalization of capital markets, specifically by facilitating the issuance of e-securities using blockchain technology. By doing so, the government seeks to promote transparency and efficiency within financial transactions, ultimately fostering a more dynamic financial ecosystem
- In April 2023, The BBK Network has implemented a state-based architecture on the Ethereum Virtual Machine (EVM), significantly improving operational efficiency by removing the necessity for open payment channels between parties. This innovation addresses key challenges that have historically hindered the adoption of decentralized applications (DApps) within blockchain ecosystems. By streamlining interactions, the BBK Network aims to foster a more user-friendly environment for developers and users
- In January 2023, Amazon Web Services (AWS) announced a strategic partnership with Ava Labs, aimed at scaling blockchain adoption through the development of the Avalanche layer-1 blockchain. This collaboration will simplify the process of launching blockchain applications for individuals and organizations, enabling efficient management of nodes on the Avalanche network. The partnership signifies AWS's commitment to fostering innovation in blockchain technology across various sectors, including enterprises and government entities
Frequently Asked Questions
The market is segmented based on Segmentation, By Component (Platform and Services), Provider (Application and Solution Providers, Middleware Providers and Infrastructure Providers), Type (Private, Public, Hybrid, and Consortium), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Development (Proof of Concept, Pilot, and Production), Application (Real Estate and Construction, Agriculture and Food, Manufacturing, Energy and Utilities, Documentation, IT and Telecom, Insurance, E-Commerce, Consumer Goods, and others), End User (Transportation and Logistics, Retail and E-commerce, Media, Advertising and Entertainment, Travel, Health care and Life Science, Banking, Financial Service and Insurance (BFSI), and Government) - Industry Trends and Forecast to 2032
.
The Global Blockchain Market size was valued at USD 29.62 USD Billion in 2024.
The Global Blockchain Market is projected to grow at a CAGR of 71.96% during the forecast period of 2025 to 2031.
The major players operating in the market include IBM, Microsoft, SAP SE, Oracle, Digital Asset.
The market report covers data from the North America.