The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Blockchain for Supply Chain Market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Blockchain for Supply Chain Market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner

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There will be a $569.05 million market for Blockchain in the supply chain by 2022. From 2023 to 2030, its value is
projected to increase at a CAGR of 52.3%, reaching USD 16.47 billion.The blockchain is a distributed ledger of all the
verified records of transactions that have ever taken place in the digital world. It ensures that no central point of
contact is required by keeping all supply chain transactions and data in sync. Supply chain management is a cost-
effective strategy for organizing the acquisition of materials and the distribution of finished items. To cut costs, know
where things come from, and increase confidence, the supply chain is implementing blockchain technology. The public
has witnessed the Blockchain Supply Chain Market evolve in cutting-edge ways, providing users with seamless access
to all of the market's offerings. Components, Applications, and Industries are all subdivided in the Blockchain Supply
Chain Market.Market Insights 2019: worldwide and Chinese Scenario for Blockchain in the Supply Chain Industry is a
comprehensive and in-depth analysis of the current condition of the worldwide Blockchain for Supply Chain industry.
This study provides useful information for businesses and individuals interested in the Supply Chain sector by detailing
the current state of the Blockchain for Supply Chain manufacturing market. All things considered, the analysis provides
a comprehensive look at the international and Chinese Blockchain for Supply Chain markets from 2014 to 2024.The
increasing popularity of e-commerce, the requirement for safer supply chain transactions, and the desire for increased
Market Overview

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By Region:
North America is widely regarded as the world's technological leader. What matters most is the overall behavior of the
major participants in the blockchain technology solutions industry in this part of the world. Vendors can find crucial
expansion prospects in businesses across a wide range of industrial segments, including manufacturing, healthcare,
retail, consumer goods, and logistics.Due to the presence of significant market players and ongoing innovations in
blockchain technology, North America dominated the worldwide market, and this trend is expected to continue
aggressively throughout the blockchain in the retail market projection period. The increasing concern about data
security among retailers is projected to be the primary factor driving market expansion in this area in the coming
years.The federal Accountability Office reports that daily breaches at U.S. federal agencies including the Army and the
Internal Revenue Service average over seventy. Local businesses invest millions of dollars annually in data security
measures like installing robust firewalls and staffing up with top-tier ethical hackers. Point-to-point encryption, which
safeguards card data during transmission, is expected to be used by 80% of shops by the end of 2019, according to a
survey by the NRF (National Retail Federation, USA). And of them, 89% will have employed tokenization to protect their
systems and data. In 2019, phishing was responsible for 38% of data protection events at U.S. businesses, as reported
by BakerHostetler.

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The Global Blockchain for Supply Chain Market has been segmented into:
By Component
Platform
Services
- Tech Advisory and Consulting
- Deployment and Integration
- Support and Maintenance
By Application
• Detection of fakes
• Payment and settlement
• Product traceability
• Risk and compliance management
• Others
By Industrial Verticals
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Manufacturing
• Oil and Gas
• Logistics
• Others

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The Global Blockchain for Supply Chain Market has been segmented into:
By Region
North America
• US
• Canada
• Mexico
• Rest of North America
The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
•Latin America
• Brazil
• Argentina
• Rest of Latin America
By Region
Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
By Region
Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

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Volkswagen Group and IBM Corporation collaborated in April 2019 to use blockchain technology to
monitor mineral supply chains. Because of this collaboration, Volkswagen was able to achieve the
purchasing goals it had established with the Organization for Economic Co-operation and Development
(OECD). (OECD).MIMOS and Oracle collaborated in June 2019 to employ blockchain technology to
increase transparency and trust.For the purpose of creating blockchain-based e-commerce solutions for
B2B buyers and sellers, UPS made an undisclosed stock investment in Inception Corporation in January
2019.To facilitate trust in business networks and expedite and adaptability in company transactions,
Oracle released Oracle Blockchain Applications Cloud in October 2018.In September of 2018, NITI Aayog
and Oracle signed a Statement of Intent (SoI) to pilot a blockchain distributed ledger and Internet of
Things–powered medication supply chain. This action was taken to aid India in combating the rising
prevalence of counterfeit medications.
Recent Developments

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• IBM (US)
• Microsoft (US)
• SAP (Germany)
• AWS (US)
• Oracle (US)
• Huawei (China)
• Guardtime (Estonia)
• TIBCO Software (US)
• Bitfury (The Netherlands)
• Interbit (Canada)
• Auxesis Group (India)
• VeChain (China)
• Chainvine (UK)
• Digital Treasury Corporation (China)
• Datex Corporation (US)
• OpenXcell (US)
MARKET PLAYERS

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Insights (CDI) .” We appreciate your support throughout the project.”
Consulting Company (privacy requested)
"You and your team did a terrific job on this project.” CDI will be at the
top of our list in the future for market research projects.”
Europe based Fortune 500 Company (privacy requested)

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