- Major technology vendors in BFSI market are making huge investments for the adoption of blockchain technology. Companies namely Goldman Sachs, JP Morgan Chase, Amazon AWS, Deloitte, IBM, SAP, Accenture, R3, Google, and Microsoft have made huge investments that are supporting blockchain technology for their business ventures.
- The Treasury Department of USA is turning to blockchain in a six-month project that ultimately intends to streamline agencies’ financial process and re-imagine how the government does business.
- Propy, a blockchain-verified platform for selling houses, raises funding from venture capitalist investor Tim Draper, best known for his early investments into Tesla, Skype, Twitter, Coindesk &
Blockchain helping firms across America to scale new heights
Ease of monitoring & tracking transactions make it easy for a business to streamline its operations. As blockchain platforms provide integrity-protected documents & a transparent process overall. A higher level of accountability, authenticity & reliability further helps in providing the right tools for scaling operations as this leads to tighter security & operating standard by providing organizations access to cutting-edge technology
Secure Consolidation and Sharing of Data
One significant benefit of blockchain technology platforms is that they help in preventing security risks when consolidating data from different systems. It differs from traditional databases where the operation is under the control of a single person or organization, giving the owner the chance to tamper with the data storage without knowledge from other members of the team. The hashes of blockchain platforms protect the data making it impossible for unethical users to tamper with even a single line of information in the network. The fact that decentralized storage of data is possible, leaking, and corrupting them can be very hard.
Enhanced data integration with reduced costs
Blockchain technology makes use of segments as the broken-down form of the data. It makes it possible for any research information to get safely stored in blocks, so every node in the network can access and track it without any extra arrangements. Data storage is safe & less expensive to procure as traditional databases and centralized servers can be expensive to maintain. Luckily for researchers, decentralized clouds through blockchain platforms offer a high-quality storage technology at much lower costs, giving them the chance to cut expenses in the face of limited funds.
Analysts at Ken Research in their latest publication “USA Blockchain-Enabled Record Issuing Platform Market“ observed that there is a vast opportunity to disrupt the traditional record Issuing space. The report discusses the creation & feasibility study of a blockchain-enabled records/certificate issuing platform that can utilize the immutable nature of the blockchain technology to securely issue records & certificates. The platform could be a real disruptor in the traditional field as it eliminates various costs like printing, admin, logistics & more. The report further discusses the use of case scenarios in the public & private sector, competition analysis of current players in the industry & end-user perception via survey analysis.
Key Segments Covered (Use Case Analysis): –
Public Sector
Permits & Licenses
User Identification
Vital Documents
Legal Records
Private Sector
BFSI
Education
Healthcare
Business Services
Manufacturing & Retail
Entertainment & Hospitality
Telecom
Energy
Key Target Audience
Hardware Technology Manufacturers
Software Technology Manufacturers
Cloud Storage Providing Enterprises
Public Institutions (Engaged in Issuance of Records)
Online Education Providers (Ed-Tech Companies)
IT Enterprises
BFSI Enterprises
Healthcare Enterprises
Universities & Schools
Hospitality & Entertainment Enterprises
Blockchain Industry Associations
Legal Service Providers
Manufacturing Enterprises
International Retail & maritime Shipment Providers
Blockchain Technology Software’s Providers
Engineering Service Providers
Time Period Captured in the Report:
Historical Period: FY’2014-FY’2020
Forecast Period: FY’2020-FY’2025
Companies Mentioned:
Blockchain Enabled Record/Certificates Issuing Companies
Smart Certificate
CloudCerts
Blockeducate
Block.Co
Certy
Certify
Others include Blockcerts, Verisas & more
Key Topics Covered in the Report:
Analysis of Enterprise IT Infrastructure in USA
IT Expenditure – Macro Overview
IT Expenditure Breakdown
Major Focus in IT Infrastructure Expenditure
New Technology Trends which are expected to have the Biggest Impact
Blockchain Technology Growth & Current Infrastructure
Lifecycle of Blockchain
Current Adoption of Blockchain Infrastructure
End User Perspective towards Blockchain
End User Analysis of Blockchain Enabled Record issuing platform
Public Sector Analysis & Use Cases
Private Sector Analysis & Use Cases
Competition analysis of current Blockchain Enabled Record issuing platform covering Overview, API Analysis, Pricing Analysis, Platform Analysis
Perception based Survey analysis of USA based enterprises
Awareness of Blockchain & Security Needs
Security a Priority for Entities Utilizing Digital Solutions
Influencing Factors for Decision Makers
Gap Analysis in Current Secured Digital Solutions
Analysis of Current Digital Platform Usage
Major Benefits Availed from Adoption of Secured Digital Solutions
Analysis of Entities Utilizing Physical & Unsecured Methods
Analysis of Problems associated with Physical & Unsecured Issuance
Adoption of a blockchain enabled record issuing platform
Mass Adoption of blockchain enabled record issuing platform Dependent on Customized Features
Subscription Model Analysis
Availability of Customized Solutions
Product Strategies & Overview
Feasibility Study of a block chain enabled record issuing platform
Exhaustive Industry basis Use Case Analysis
Analysis of Product Features & Offerings
Product Promotion & Assessment of Target Audience
Pricing & Subscription Analysis
For More Information on the research report, refer to below link: –
USA Blockchain Enabled Record Issuing Platform Market
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
