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Market Research Report

Government and Industrial / Financial Blockchain: Market Shares, Market Strategies and Market Forecasts, 2021 to 2027

Published by WinterGreen Research, Inc. Product code 980134
Published Content info 251 Pages; 98 Tables & Figures
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Government and Industrial / Financial Blockchain: Market Shares, Market Strategies and Market Forecasts, 2021 to 2027
Published: January 1, 2021 Content info: 251 Pages; 98 Tables & Figures
Description

Worldwide markets are poised to achieve continuing growth as blockchain proves its value by managing digital transactions in real time across national boundaries, encouraging collaborative business efforts. Lowering transaction management costs is a key benefit.

A $4.47 million market worldwide in 2020 is anticipated to grow rapidly to $83.3 billion in 2027 as central banks figure out how to use blockchain in their digital currency initiatives. Blockchain can be implemented in an IBM mainframe that is already a core technology for virtually every bank. Blockchain updates the security in transaction processing, implementing end to end encryption.

Government blockchain is used to implement Web 3.0. the ability ot transfer money as easily as people send an email. The question becomes, what does Web 3.0 look like? It looks like a distributed ledger system providing immediate currency exchange worldwide that mimics how the Internet is used to exchange e-mail. Web 3.0 features enhanced security added to a real time digital economic process.

The government blockchain market does not include what has been the biggest use of blockchain - to hide the money of criminals and terrorists - perform money laundering. After an inauspicious beginning, government blockchain has moved to digital currency, government blockchain is on the cusp of phenomenal growth, ready to reach $83 billion worldwide by 2027 as it creates new digital economic infrastructure.

ConsenSys acquired Quorum, the blockchain platform belonging to JPMorgan in a move that will solidify an ongoing relationship between the JPMC and ConsenSys. The-Quorum-blockchain is a premier transaction management system, settling $5 trillion in transactions per day.

The government blockchain market moves into rapid growth mode as the digital economy takes hold. As the banks and finance industry move into the modern age of real time transaction processing, blockchain is a core enabling technology for central banks. This market segment previously has been held back in part by the outdated aspects of the mainframe computing technology. IBM Blockchain and others are spurred by more modern ways to manage global transactions across national borders from IBM, Microsoft, and Accenture.

Blockchain is a type of distributed ledger system providing enhanced security to the real time digital economic process. Blockchain is comprised of blocks of digitally recorded data. The global market for blockchain at $4.47 billion in 2020 is anticipated to reach $83 billion in 2027. IBM , ConsenSys, and Microsoft are driving blockchain as their clients are making the transition to cloud services. Accenture has measurable market share as well.

The 2021 study has 251 pages, 98 tables and figures.

Table of Contents
Product Code: SH28534732

Table of Contents

Abstract: Web 3.0 Stable Value Digital Currency: Blockchain Digital Currencies for Central Banks

  • Blockchain Executive Summary
  • Blockchain Market Driving Forces
    • Blockchain Leverages Artificial Intelligence (AI)
    • Government and Industry / Finance Blockchain Market Shares, Dollars, Worldwide, 2020
  • Government and Industrial / Financial Blockchain Market Forecasts

1. Government Blockchain: Stable Value Currency Market Description and Market Dynamics 18

  • 1.1 Government Blockchain Market Description and Market Dynamics
    • 1.1.1 Blockchain and Cyber Attacks
    • 1.1.2 Central Banks Seek to Master Stable Value Digital Currency
    • 1.1.3 Digital Virtual Currencies Goal: Stable-Coins that Have a Consistent Value
  • 1.2 Blockchains: Cryptographically Secured Distributed Ledgers
    • 1.2.1 Central Bank Currencies: Wholesale and Retail
    • 1.2.2 Advantages of Central Bank Digital Currency
    • 1.2.3 Blockchain Companies Initial Coin Offerings - ICOs
    • 1.2.4 Transfer of Social Trust: From Institutions to Systems Using Well-Tested Computer Code 31
  • 1.3 Central Banks Exploring Creation of Digital Currency Issued by Government -Accepted as a Method of Payment
    • 1.3.1 Fed System as It Exists Now
    • 1.3.2 Digital Currency Approach Uses Blockchain To Verify and Track Transactions
    • 1.3.3 Individuals Would Hold Accounts Directly at The Central Bank
    • 1.3.4 Sovereign Digital Currencies
    • 1.3.5 Digital Currencies as Payment Methods
    • 1.3.6 Enterprises to Speed Up Digital Transformation
    • 1.3.7 Role of Central Banks in Digital Currency Interoperability

2. Government Blockchain Stable Value Digital Currency: Market Shares and Forecasts

  • 2.1 Government Blockchain Stable Value Digital Currency Market Driving Forces
    • 2.1.1 Replacing Client Server Data Center Architecture with Blockchain Brings New Digital Efficiencies 44
    • 2.1.2 Blockchain Leverages Artificial Intelligence (AI)
    • 2.1.3 Governments Use Blockchain Distributed Ledgers to Achieve Business and Fiscal Transparency 46
  • 2.2 Government Blockchain Market Shares
    • 2.2.1 Blockchain Market Shares, Dollars, Worldwide, 2020
    • 2.2.2 IBM and Microsoft
    • 2.2.3 IBM Blockchain
    • 2.2.4 IBM Implements AI Support for Blockchain
    • 2.2.5 IBM Blockchain Decentralized Ledger in Supply Chains
    • 2.2.6 IBM Blockchain Decentralized Ledger in Medical Industry
  • 2.3 Government and Industrial / Finance Blockchain Market Forecasts
  • 2.4 Blockchain Market Forecasts: Banking, Finance, and Insurance, Healthcare, Cybercurrency, Supply Chain, and Internet of Things (IoT)
    • 2.4.1 Rapid Adoption of Technology
  • 2.5 Government and Financial Blockchain Applications
    • 2.5.1 BFSI: Blockchain Impact on Stock Market
    • 2.5.2 Blockchain for Healthcare
    • 2.5.3 Blockchain for Contracts and the Legal Industry
    • 2.5.4 Blockchain for Supply Chain
    • 2.5.5 Blockchain for Internet of Things
    • 2.5.6 SoftBank CEO Masayoshi Son Sees 1 Trillion Devices for Internet of Things
  • 2.6 Blockchain Pricing
    • 2.6.1 Microsoft Blockchain Pricing
  • 2.7 Central Bank Digital Currency Blockchain Regional Market Segments
    • 2.7.1 US
    • 2.7.2 Covid-19 Pandemic Toll on US Communities
    • 2.7.3 US Fed Exploring the Use of Innovative Technologies to Enhance Payments Efficiency 81
    • 2.7.4 Japan Central Bank Digital Currency
    • 2.7.5 Europe
    • 2.7.6 Bank of China
    • 2.7.7 China Opens Its Financial System to The World
    • 2.7.8 China Ending Anonymity of Virtual Accounts to Cryptocurrency Exchanges
    • 2.7.9 Korean Blockchain Association
    • 2.7.10 UK

3. Government and Industrial / Financial Blockchain Central Bank and Vendor Activities:

  • 3.1 Government and Central Bank Planning for Digital Coins and Tokens
  • 3.2 Boston Fed Looking at 30 to 40 Blockchain Networks for Digital Dollar
    • 3.2.1 US Fed and Digital Currency
  • 3.3 EU and Digital Currency
    • 3.3.1 Sweden's Central Bank, Riksbank
    • 3.3.2 Germany and Italy
    • 3.3.3 Bank of Spain
  • 3.4 China's Retail Central Bank Digital Currency (CBDC)

4. Blockchain Research and Technology

  • 4.1 On a Blockchain, a Node Replicates Data for All Nodes
  • 4.2 Blockchain Electricity Usage - Moving to Asynchronous Process
  • 4.3 Accenture Patent Tied To "Editable Blockchain"
  • 4.4 Digital Currency Models
    • 4.4.1 Central Bank Digital Currencies (CBDCs)
  • 4.5 Facebook Libra - Diem Association

5. Blockchain Company Profiles

  • 5.1 360 Blockchain Inc
  • 5.2 Accenture
    • 5.2.1 Accenture Blockchain Culture of Innovation
    • 5.2.2 Accenture Blockchain Solutions
    • 5.2.3 Accenture Blockchain Partnerships
    • 5.2.4 Accenture Alliance with Digital Asset Seeks to Fundamentally Change the Way Companies Verify and Settle Transactions
    • 5.2.5 Accenture Digital Asset Partners
    • 5.2.6 Accenture Revenue
  • 5.3 Abra
  • 5.4 Amazon
    • 5.4.1 Amazon Blockchain Partners
    • 5.4.2 Amazon Blockchain Partner Solutions
    • 5.4.3 Amazon Sawtooth
    • 5.4.4 Amazon (AMZN) Integrating Blockchain Technology into Its Networks
    • 5.4.5 Amazon Blockchain Deloitte
    • 5.4.6 Amazon Web Services
    • 5.4.7 Amazon Blockchain for Bitcoin
  • 5.5 Axoni
    • 5.5.1 Comments from Axoni Users as to Reliability of Equity Swap
  • 5.6 BitFury Group
    • 5.6.1 Richard Branson Digital Currency Summit on Private Caribbean Island
    • 5.6.2 Bitfury Group Blockchain Analytics
    • 5.6.3 Bitfury Group Lightning Network
  • 5.7 Binance Exchange
  • 5.8 Blockchains
    • 5.8.1 Slock.It
    • 5.8.2 Slock.it Builds Next-Generation Sharing Platform
    • 5.8.3 Slock.It Addresses Global Market for Sharing
  • 5.9 BlockCypher
    • 5.9.1 BlockCypher Payment Forwarding
  • 5.10 BTL Group
    • 5.10.1 BTL Blockchain Platform, Interbit For Energy Trading.
    • 5.10.2 BTL Group Blockchain Based Cross-Border Settlement Solution
  • 5.11 BMW
  • 5.12 Chain
    • 5.12.1 Chain and Changetip Participate with The Nasdaq-Created Blockchain System Linq 144
    • 5.12.2 Chain Partners
  • 5.13 ConsenSys
    • 5.13.1 ConsenSys / Quorum
    • 5.13.2 Quorum
  • 5.14 Corda R3
  • 5.15 Deloitte
  • 5.16 Digital Asset Holdings
  • 5.17 Eris Industries
  • 5.18 Ethereum
    • 5.18.1 Ethereum / Advanced Micro Devices' (AMD)
    • 5.18.2 Ethereum Blockchain CryptoKitties
    • 5.18.3 Problem of Ethereum's High Fees
  • 5.19 EzyRemit
  • 5.20 Facebook
  • 5.21 Fidelity Investments
    • 5.21.1 Fidelity Size
  • 5.22 Global Arena Holding
  • 5.23 Goldman Sachs
  • 5.24 Government Blockchain Association (GBA)
  • 5.25 Hitachi
  • 5.26 HIVE Blockchain Technologies
  • 5.27 IBM Blockchain
    • 5.27.1 IBM Blockchain Platform Optimized for Deployment on Red Hat OpenShift
    • 5.27.2 IBM Cross Border Payments
    • 5.27.3 IBM Batavia
    • 5.27.4 IBM Internet of Things
    • 5.27.5 IBM Supply Chain Tracking
    • 5.27.6 IBM Blockchain in the Supply Chain
    • 5.27.7 Use Cases for IBM IoT and Blockchain
    • 5.27.8 IBM Revenue
    • 5.27.9 IBM Datacenter Blockchain
  • 5.28 Intel
  • 5.29 JP Morgan Chase
    • 5.29.1 JPMorgan Chase Quorum Blockchain Technology
  • 5.30 Kube MQ
  • 5.31 Lenovo
    • 5.31.1 Lenovo Revenue
  • 5.32 Luno
  • 5.33 Microsoft Blockchain
    • 5.33.1 Microsoft Azure Supply Chain Track and Trace
    • 5.33.2 Microsoft Strengthening Blockchain Partnerships
    • 5.33.3 Microsoft Revenue
    • 5.33.4 Microsoft Covid-19
  • 5.34 MIT Digital Currency Initiative
  • 5.35 NEO Open Source Blockchain
  • 5.36 OnChain Public Platform Project in Conjunction with NEO
  • 5.37 Oracle
  • 5.38 Overstock
  • 5.39 PokitDok
  • 5.40 Provenance
  • 5.41 R3
    • 5.41.1 Blockchain Startup R3 CEV Attracts $107M From BofA, HSBC, Intel and Others
    • 5.41.2 JPMorgan Chase & Co Quit the R3 Initiative
    • 5.41.3 R3 Corda
  • 5.42 Ripple
    • 5.42.1 Ripple XRP Digital Asset for Payments
    • 5.42.2 Ripple Labs a Global Leader in Distributed Ledger Technology
    • 5.42.3 Ripple XRP The Digital Asset
    • 5.42.4 Ripple Product Manager from JP Morgan Chase
    • 5.42.5 Ripple Board of Directors, Susan Athey Has Strong Ties to Microsoft
  • 5.43 SAP
  • 5.44 Scorechain
  • 5.45 Samsung Nexledger
  • 5.46 TATA Consultancy Services
    • 5.46.1 TCS Integrated Blockchain Solution
    • 5.46.2 TCS Risk Information Management Solution
  • 5.47 TON
  • 5.48 Visa
  • 5.49 Wishknish
    • 5.49.1 Wishknish Authentication
  • 5.50 Other Blockchain Companies
    • Table of Contents
    • List of Figures
    • WinterGreen Research,
    • WinterGreen Research Methodology
    • WinterGreen Research Process
    • Market Research Study
    • WinterGreen Research Global Market Intelligence Company

List of Figures

  • Abstract: Web 3.0 Stable Value Digital Currency: Blockchain Digital Currencies for Central Banks
  • Figure 1. Blockchain Ledger Market Driving Forces
  • Figure 2. Major Growth Drivers of The Blockchain Market
  • Figure 3. Blockchain Market Shares, Dollars, Worldwide, 2020
  • Figure 4. Government and Industrial / Financial Blockchain, Market Forecasts Dollars, Worldwide, 2021-2027
  • Figure 5. Selected Central Banks with Initiatives to Create Crypto Currency
  • Figure 6. Selected Major Non-Government Initiatives to Create Table Crypto Currency
  • Figure 7. Hurdles of An Alternative Currency Used on A Global Scale
  • Figure 8. Central Bank Coin Features
  • Figure 9. Technology Transactions per Second
  • Figure 10. Advantages of Central Bank Digital Currency
  • Figure 11. Blockchain Ledger Market Driving Forces
  • Figure 12. Major Growth Drivers of The Blockchain Market
  • Figure 13. Government and Industry / Finance Blockchain Market Shares, Dollars, Worldwide, 2020
  • Figure 14. Government and Industry / Finance Blockchain Technology Market Shares Dollars, Worldwide, 2020
  • Figure 15. Government and Industry Blockchain Technology Company Descriptions, Dollars, Worldwide, 2020
  • Figure 16. Government and Industrial / Financial Blockchain Market Forecasts, Dollars, Worldwide, 2021-2027
  • Figure 17. Government and Industrial / Finance Blockchain Market Forecasts, Dollars, Worldwide, 2021-2027
  • Figure 18. Government and Industrial / Finance Blockchain Market Segment Forecasts, Banking, Finance, and Insurance, Healthcare, Government Cybercurrency, Supply Chain, and Internet of Things (IoT), Dollars, Worldwide, 2021-2027
  • Figure 19. Government and Industrial / Finance Blockchain Market Segment Forecasts, Banking, Finance, and Insurance, Healthcare, Government Cybercurrency, Supply Chain, and Internet of Things (IoT), Percent, Worldwide, 2021-2027
  • Figure 20. Stock Agent Stock Transfer Flow Diagram
  • Figure 21. Stock Transfer Agent Central Clearinghouse Model for Stock Trade Settlement
  • Figure 22. Direct Transfer Model Using Blockchain
  • Figure 23. Modern Stock Transfer Agent Business Challenges
  • Figure 24. Lehman Brothers Illustrates Problem with Stock Transfer Centralization
  • Figure 25. Advantages of Decentralized Securities Platform:
  • Figure 26. IBM Blockchain Cost
  • Figure 27. IBM Blockchain Pricing Plans
  • Figure 28. Government and Industrial / Financial Blockchain Regional Market Segments, Dollars, 2020 78
  • Figure 29. Government and Industrial / Financial Blockchain Regional Market Segments, Dollars, 2020 79
  • Figure 30. Risks and Value in Enhancing Government Payments Efficiency
  • Figure 31. Federal Reserve Bank of Boston
  • Figure 32. Ethereum Platform Decentralized Processing
  • Figure 33. Functions of Cryptocurrencies for Disrupting Financial Markets
  • Figure 34. Global Digital Cryptocurrency Success Factors:
  • Figure 35. Accenture Distinguishing e-Money from Cryptocurrency
  • Figure 36. Accenture Evolves Governance Structures for Government Blockchain Currency
  • Figure 37. Accenture Supports Economic Growth Using Government Blockchain Currency
  • Figure 38. Accenture Supports Adoption of Progressive Approaches to Currency Control Using Government Blockchain Currency
  • Figure 39. Accenture Digital Asset Partners
  • Figure 40. Accenture Regional Revenue
  • Figure 41. Accenture Revenue by Segment
  • Figure 42. Amazon Blockchain Technology Features
  • Figure 43. Selected AWS Blockchain Partners
  • Figure 44. Amazon Blockchain Partner Solutions
  • Figure 45. Axoni Investors
  • Figure 46. Axoni Equity Swap Data Functions
  • Figure 47. Axoni Equity Swap Blockchain Data Disadvantages
  • Figure 48. Bitfury Group Suite of Offerings
  • Figure 49. Slock.It USN Key Differentiators
  • Figure 50. Slock.It Addresses Shared Resource Market
  • Figure 51. Slock.It USN Registry and Access Control
  • Figure 52. BlockCypher Functional Modules for Blockchain
  • Figure 53. BTL Blockchain Platform Industries Served
  • Figure 54. BTL Group Blockchain Functions Supported
  • Figure 55. BTL Group Blockchain Transformative Technologies Benefits
  • Figure 56. BMW Advantages of Blockchain
  • Figure 57. Chain Network
  • Figure 58. Chain Partners
  • Figure 59. Chain Core Enterprise Edition Functions
  • Figure 60. Ethereum Blockchain Platform
  • Figure 61. EzyRemit, EzyHedge, and EzyRemit B@B Solutions
  • Figure 62. Fidelity Identification of Barriers to Blockchain Adoption
  • Figure 63. GBA International Membership Network:
  • Figure 64. IBM Blockchain Platform with Red Hat OpenShift Functions
  • Figure 65. IBM Blockchain / RedHat OpenShift Steps to Deploy
  • Figure 66. Install IBM Blockchain Platform
  • Figure 67. Use Cases for IBM IoT and Blockchain
  • Figure 68. International Business Machines Revenue Q3 2019 and Q3 2020
  • Figure 69. International Business Machines Revenue Segments Q3 2019 and Q3 2020
  • Figure 70. Intel Revenue
  • Figure 71. Intel Revenue in Millions of Dollars
  • Figure 72. T-Mobile and Identity Management
  • Figure 73. JP Morgan Digital Currency
  • Figure 74. JPMorgan Chase Blockchain Technology Aims
  • Figure 75. KubeMQ Multi Cloud, On-Prem, and Edge Systems Integration with Auto Configured Messaging
  • Figure 76. KubeMQ Deployment Environments, Deployable on Kubernetes Environments
  • Figure 77. Microsoft Blockchain: User Consortium Network Integrates Existing Systems
  • Figure 78. Microsoft Virtual Networking and Application Insights
  • Figure 79. Microsoft Azure Blockchain Supply Chain Track and Trace Capability
  • Figure 80. Microsoft Azure Blockchain Pattern
  • Figure 81. Onchain Blockchain Project Modules
  • Figure 82. Distributed Ledger Network Modules Build Infrastructure
  • Figure 83. xCurrent is Ripple's Enterprise Software Solution
  • Figure 84. Ripple Strategic Investors
  • Figure 85. Ripple Offers Speed
  • Figure 86. Yana Novikova, Product Manager; joined Ripple from JP Morgan Chase
  • Figure 87. Susan Athey is Professor of Economics at Stanford Graduate School of Business
  • Figure 88. Scorechain Blockchain Partners
  • Figure 89. TATA Consultancy Services Integrated Blockchain Modules
  • Figure 90. TATA Consultancy Services Integrated Blockchain Platform Build
  • Figure 91. TATA Consultancy Services Integrated Blockchain Benefits
  • Figure 92. TCS Risk Information Management Solution
  • Figure 93. TCS' Integrated Information Management Framework for Financial Firms
  • Figure 94. TATA Consultancy Services Benefits
  • Figure 95. TCS Blockchain Advantage
  • Figure 96. Wishknish and Competitive Consensus Ways of Securing the Blockchain Ledger:
  • Figure 97. Blockchain Consensus Algorithm Issues
  • Figure 98. Blockchain Companies: Startups with ICOs
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