Blockchain Supply chain Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2026 - TechSci Research
Global blockchain supply chain market was valued at over $ 140 million in 2019 and is projected to grow at a CAGR of around 80% by 2026, on account of growing demand for transparency of the supply chain. Owing to globalization and rising internet penetration, enterprises and customers do not have clear visibility of all the members present in management. Blockchain disruption in supply chain management can solve the problem of lack of transparency and accountability. Blockchain is a decentralized network that works without a single authority and records information such that the information can be viewed by its members but can’t be altered, once it is recorded in the system. Global blockchain supply chain market can be segmented based on type, provider, application, end user industry and region. Based on application, global blockchain supply chain market can be segmented into payment & settlement, counterfeit detection, product traceability, smart contracts, risk &...