Analysts at Ken Research in their latest publication “The USA Blockchain-Enabled Unilateral Record Transfer/Issuing Platform – Technology Disruptor in the Industry“ 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.
Industry Overview
In 2020P, emerging tech adoption will continue the upward trend with technologies like AI, blockchain & machine learning picking up the pace. Blockchain is supposed to have the biggest impact as data collection & its sanctity becomes of the utmost importance. It is expected that spend on blockchain around the world will increase 3.5X in the next 3 years at a CAGR of ~50%. Currently, blockchain has ~ 2,500 patented products with the USA amounting to ~700 of those. Furthermore, the blockchain market size is expected to grow at ~30% in the coming 4 years.
Use case Segmentation
The report explores various use cases of a blockchain-enabled records/certificate issuing digital platform in the public & private sector while providing an in-depth analysis of their demographics, technology concerns & major pain points. In the public sector, we understand the utilization of the platform in four major segments, namely permits & licenses, user identification, vital documents & legal records. Furthermore, the report comprises 8 major industries such as BFSI, healthcare, education, energy & more.
Business Risks Faced
The major risk faced for such a platform is Resistance to Change from the organizations, hence traditional industries will need to persistently reached & there is also a need for further reforms to change the ecosystem. Lack of Awareness amongst industry stakeholders would also, require imparting necessary knowledge about blockchain & its uses in digital issuance of certificates & records. This type of platform is also way ahead of the current ecosystem. Though it provides a first-mover advantage to the creator of the platform but the efficient business execution becomes an important consideration as it is important to curate different use cases for different end-users while planning strategic expansion & business models.
Product Planning & Strategies-The Way Forward
The report analyzes the product from its planning stage to its launch in the market. It starts with a feasibility study which helps in understanding the current pain points & current need while defining how such platforms can tackle the problem. From there it moves to product positioning strategies providing different ways of product offering, their features & evolving service portfolio & also promotion strategies focusing on adoption of such a platform with future adopters & other services to focus upon. Towards the end, it also provides a brief idea about pricing & business model which contains different monetization model & pricing policies
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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
