Blockchain in Retail Market 2019 Business Trends, Global Segments, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2024
Blockchain in Retail Market Synopsis:
The blockchain technology is a decentralized
method of maintaining records in blocks. The information is encrypted using
cryptography and allows information to be distributed but not copied.
The retail industry has undergone various
changes after the boom of the Internet and ecommerce to sustain. The global Blockchain in Retail Market report
by Market Research Future (MRFR) outlines the various challenges faced by the
retail industry and the use of blockchain to overcome them.
Competitive Landscape:
Key market players include Cisco Systems Inc.,
SAP SE, Tata Consultancy Services Limited, Blockpoint Systems, R3, Microsoft
Corporation, Amazon Web Services, BlockApps, Cegeka, Auxesis Group, Oracle
Corporation, Coin Sciences Ltd., Bitfury USA Inc., IBM Corporation, and
Cognizant.
Segmentation:
The global blockchain in retail market is
segmented by type, application, organization size, and platform.
·
By type, it is segmented into public, private,
and consortium.
·
By application, it is segmented into database
management, compliance management, payment management, inventory management,
loyalty and rewards management, fraud management, and auditing.
·
By organization size, it is segmented into
large enterprises and SMEs.
·
By platform, it is segmented into Hyperledger
Fabric, Ripple, Ethereum, R3 Corda, Bitcoin, Quorum, Multichain, and others.
Regional Analysis:
North America, Europe, Asia Pacific (APAC), and
Rest-of-the-World (RoW) are major regions studied in the global blockchain in
retail market report.
North America holds the largest market share
owing to a large number of retail chains operating in the U.S., Canada, and
Mexico. Convenience and rapid customer service can push the adoption rate of
the technology and spur market demand.
Europe has assumed the second position in the
global market due to adoption of cryptocurrencies for trading across borders.
Acceptance of the technology by retail chains for tracking goods can be
beneficial to the market. This is exemplified by adoption of blockchain
solution created by IBM Corporation for Carrefour, a European retail giant.
Access Report Details @ https://www.marketresearchfuture.com/reports/blockchain-in-retail-market-7703
Industry News:
Target, one of the biggest U.S. retail chains,
has developed ConsenSource, a blockchain solution for streamlining its supply
chain in 2019.
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