DUBLIN, Mar 22, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Blockchain Technology Market 2017-2021" report to their offering.
The global blockchain technology (BT) market to grow at a CAGR of 55.59% during the period 2017-2021.
The report, Global Blockchain Technology (BT) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is the advent of artificial intelligence (AI). BT powered by AI is the most advanced IT development taking place in the blockchain and cryptocurrency market. AI provides several features to manage decentralized monetary systems. AI algorithms can be used to predict the value of bitcoins, which can help bitcoin traders to manage bitcoin transactions. In 2014, a researcher from Massachusetts Institute of Technology (MIT), US, developed a methodology to detect the price trend of cryptocurrency. The methodology uses machine learning algorithm to analyze the pricing trend of cryptocurrency to perform online trading of the currency to obtain maximum benefits. IBM has created its new business unit known as industry platforms to focus on the development of advanced BT. The R&D division of IBM is working to integrate AI technology and BT to help its blockchain clients manage distributed ledgers efficiently.
According to the report, one driver in the market is the increase in FinTech spending. FinTech is a service provided by companies and is based on software. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech startup companies provide solutions, which are operable through smartphones or tablets, directly to the customers through licensing or by means of white label services.
Other prominent vendors
- BTL Group
- BitFury Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor profile
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/wbjf3m/global_blockchain
Research and Markets
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SOURCE Research and Markets