Block chain Technology Market:

Block chain technology is a ledger of digitally transferable money. It is programmed to

acquire data of all kinds of transactions. It is time recorded data that is cumulatively
managed by a collection of computers that are coordinated by different organisations. It is
a cluster of digital information stored in public database. To initiate a procedure of block
chain a transaction has to take place at first. All the information confirming the
authenticated transaction is checked. After the confirmation the data is stored in a block,
the confirmation of transaction signals a green light. The data is then available to a larger
audience giving access to all the information about the transaction. The data despite being
publically available cannot be manipulated, is an immutable record.

Reasons for Block Chain Market to expand:

Block chain technology market is anticipated to grow and expand as it renders data with
enhanced security measures, faster processing, cost effective benefits, flexibility and quick
processing. Block chain market has potential of grabbing eyeballs to its innovative
technology. Its potential for market expansion is also due to its plethora of application in
various sectors such as banking, Insurances other kinds of finance sectors. Its distinctive
feature of being globally accessible yet not exposable to manipulation. Its property of being
digitally versatile in transactional procedures. The haul created by this technology can also
have a negative angle to it. The extensively adding data to the pile is creating disturbances
in storage. The involvement of multiple users and adding coordination issues.

Segmentation of Block Chain Market:

Block chain market can be segmented on the following basis:

On basis of participants: Block chain are categorized as

 Public
 Private
 Hybrid

On basis of application:

 Exchange
  Payments
 Documentation
 Contracts

On basis of end users:

 Financial sector
 Insurance sector
 Banking sector
 Healthcare and life sciences sector
 Government and public sector
 Media and entertainment sector

Regional analysis of Block Chain Market:

This market has lucrative potential in regions such United States of America, China, Japan
where people are more adaptive and exposed to innovative technologies. This Global
blockchain has its abundance in the North America and the leading shares in terms of
revenue is also contributed by North America. Due to transparency and undeviatiablity, it
has quite big acceptance of blockchain technology. The western part of the Europe also
contributes partly to the global block chain technology that predicts the healthy growth
over the prophesy period. The Middle East and Africa are not comparatively inclined
towards this market due to their lack of familiarity and awareness although they are
anticipated to emerge in future.

Global Key players of Block Chain Market:

Prominent players in the market for the blockchain technology includes

 Microsoft Corporation

 Blockchain Tech Ltd

 IBM Corporation

 Ripple Labs Inc.

  Chain, Inc.

 BitFury USA Inc.

 Deloitte Touche Tohmatsu Ltd.

Future scope of Block chain technology: