Global Blockchain Market

Part
01
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Part
01

Global Blockchain Market - Trends

Five current trends in the global blockchain market are (1) stablecoins, (2) federated blockchain, (3) blockchain as a service (BaaS), (4) the integration of blockchain with social media, and (5) government usage of blockchain.

Current Trends in the Global Blockchain Market

1. Stablecoins

  • Stablecoins are a form of "cryptocurrency that is collateralized to the value of an underlying asset." The underlying asset for a stablecoin can vary by coin.
  • Stablecoins were created as a solution to avert the volatility of Bitcoin.
  • In 2020, stablecoins are predicted to achieve their peak usage.
  • The Libra crytocurrency from Facebook has been a factor propelling the usage of stablecoins.
  • We identified stablecoins as a current trend in the global blockchain market because it was expressly described as such by at least three, reputable sources (Professor Ahmed Banafa, a blockchain expert (courtesy of BBVA), Accounting Today, and Mobile App Daily).
  • BIGG Digital Assets Inc. is a company leaning into this trend. On May 5, 2020, the company "announce[d] that it has partnered with Blockchain Foundry . . . to deliver Stablecoin development solutions utilizing BIG’s comprehensive suite of tools to provide trust and real-time risk mitigation for stablecoin creation."

2. Federated Blockchain

3. BaaS

  • Mobile App Daily describes BaaS (blockchain as a service) as follows: "BaaS is a cloud-based service that enables users to develop their own digital products by working with blockchain. These digital products may be smart contracts, applications, or even other services that can work without any setup requirements of the complete blockchain-based infrastructure. "
  • Part of the excitement surrounding BaaS is that the need for expertise and financial resources were barriers for some companies in launching blockchain platforms, but BaaS is a practical solution to those barriers.
  • We identified BaaS as a current trend in the global blockchain market because it was expressly described as such by at least three, reputable sources (Allerin, Mobile App Daily, and Professor Ahmed Banafa).
  • Alibaba is a company leaning into this trend, through its BaaS offering available via Alibaba Cloud services.
  • Amazon and Microsoft are other companies leaning into the trend, as both offer BaaS services.

4. Integration With Social Media

  • The coming integration of blockchain within the social media landscape is seen as a solution to key problems such as the relevance of content and data privacy.
  • With blockchain, data published on social media would not be able to be duplicated.
  • Furthermore, this integration of "[b]lockchain . . . [will] ensure[] that the power of content relevance lies in the hands of those who created it" instead of with the social media companies.
  • According to Irish Tech News, "blockchain-based decentralized social platforms will not only continue to flourish but at some point will surpass corporate-owned giants in popularity and functionality."
  • We identified the integration of blockchain with social media as a current trend in the global blockchain market because it was expressly described as such by at least three, reputable sources (Irish Tech News, Professor Ahmed Banafa, and Mobile App Daily).
  • APPICS is a social media company leaning into this trend.
  • The company describes itself as follows: "APPICS is a reward-based social media app that introduces a new ecosystem which merges lifestyle, passion and user-generated income inside a single mobile application. Unlike any other popular social media site, where 100% of the platform’s value and revenue goes to the corporate shareholders, APPICS enables all users to earn a fair share of the overall revenue, as well as creative influence within the network, through our reward-token 'APX.'"

5. Government Usage

  • The growing usage of and need for blockchain among governments across the globe is both a current and future trend in the global blockchain market.
  • According to Market Watch, "[t]he global Blockchain In Government market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2024. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon."
  • Examples of the needs for blockchain among governments worldwide range from citizen verification/identification to "creating a national cryptocurrency."
  • Blockchain will also help governments share information between agencies more seamlessly.
  • We identified governments' usage of and need for blockchain solutions as both a current and future trend in the global blockchain market because it was expressly described as such by at least three, reputable sources (Market Watch, Allerin, and Professor Ahmed Banafa).
  • IBM is a company leaning into this trend, as it offers a wide range of blockchain services for governments.
Part
02
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Part
02

Global Blockchain Market - Growth Drivers

Increased demand for transparency of information, growing demand for simplified business processes, increased efficiency in transaction management, growth in the demand for faster transactions, and change in international trade are some of the key growth drivers driving the global blockchain market. The first three drivers have been analyzed and presented below.

Increased Demand for Transparency of Information

  • As digitization continues to grow all around the globe, consumers are demanding more transparency in business activities such as financial transactions. A report by Future Market Insights (FMI) has named the need for transparency is one of the biggest growth drivers driving the global blockchain market. Blockchain technology “creates transparency and immutability in transactions” which is what the consumers need.
  • In addition to financial transactions, people also need transparency of information in activities such as elections. Both voters and parties vying for different seats need assurances that “no votes are changed or removed and no illegitimate votes are added.” Thus, to solve this problem and avoid recounts or re-elections, the blockchain technology can be used as a “foundational infrastructure for casting, tracking, and counting votes.”
  • Thus, companies are looking for ways to offer more transparency to their customers and this has influenced certain players in the global blockchain market to develop platforms that would increase transparency. For instance, a blockchain voting startup known as Follow My Vote has released a “stake-weighted end-to-end blockchain voting solution.”
  • A company by the name Agora has also started developing a blockchain-based method for casting votes with a goal of preventing election fraud. Agora’s platform was tested during the 2018 Sierra Leone elections and its results came close to official tallies’ numbers.

Growing Demand for Simplified Business Processes

Increased Efficiency in Transaction Management

  • In addition to simplifying business processes, companies also need increased efficiency in transaction management. A report by Market Data Forecast revealed that as business transactions increase, the need to efficiently manage them to ensure that business operations run smoothly also grows.
  • One of the areas where blockchain is being used to effectively manage transactions is the supply chain. A supply chain usually involves a series of transaction nodes that are linked to facilitate the movement of products from one point to another, and while it can be difficult to manage all the transactions at times, blockchain can help.
  • Walmart and Sam’s Club are examples of companies that use blockchain distributed ledger in their supply chains to “quickly trace the origins of food which is quite effective in cases such as trying to trace the source of contaminated produce.”
  • Therefore, because increased efficiency in transaction management is driving the global blockchain market, several players in the market are directing resources to create platforms that will cater to this need. Startups are also coming up to fill this market niche. Provenance, Hijro, and Skuchain are examples of startups that have come up to create platforms that enable businesses to effectively manage transactions all along the supply chain be it when they are dealing with customers or if it is a business-to-business trade.

Research Strategy

To determine some of the key drivers driving the global blockchain market, we started our research by looking for credible sources that would contain that information. Through this strategy, we were able to get reports from credible sources such as Market Data Forecast, Markets and Markets, and PR Newswire among others that provided relevant insights on growth drivers of the global blockchain market.
However, most of these reports need to be purchased so while we were able to get the key drivers, we could not access further hard data or statistics on how they are impacting the global blockchain market. However, using sources such as CB INSIGHTS we were able to compile the above findings and provide the requested information.
Part
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Part
03

Global Blockchain Market - Insights

The three types of blockchain technology are private, public, and hybrid/consortium blockchains. Industries such as energy, healthcare, and food are increasingly adopting the blockchain technology. A comprehensive analysis of these insights and several others is presented below.

Types of Blockchain Technology

  • The three main types of blockchains are public, private, and hybrid/consortium blockchains. Public blockchains are publicly accessible. Moreover, they do not have limitations on the validator and participatory.
  • A key advantage of public blockchains is that nobody can completely control the network. Thus, the transactions taking place are fully transparent and verifiable by anyone. Examples of public blockchains include, Bitcoin, Ethereum, and Litecoin, among others.
  • Private blockchains are private. Thus, participants must be invited for them to be part of the blockchain. Moreover, the transactions made through private blockchains are only visible to participants.
  • Consortium or hybrid blockchains have both private and public nodes. Thus, some nodes can participate in the blockchain transactions while the others control the consensus process. Hybrid blockchain is a mixture of the public and private blockchain.
  • All nodes can access the blockchain but the level of access to information is specific to each node. Examples of consortium blockchains include Quorum and Corda, among others.

Key End Users

  • The energy market is one of the key end users of blockchain technology. Blockchains help decentralize the energy market, which is largely controlled by large organizations.
  • The technology helps in smart metering of electricity generated through individual solar panels. The electricity is recorded, traded, and settled on a ledger. Application of blockchain technology helps in improving efficiency and reducing costs.
  • Another major end user is the food industry. Today, the food supply chain is longer and complicated. Thus, ensuring transparency of the foods’ journey poses unique challenges. However, with blockchain, easy and quick verification of location, history, and status of a given food is possible.
  • The healthcare industry is another key end user. Use of blockchain in healthcare helps solve some of the perennial problems facing the industry such as counterfeit medicines and incomplete patient data.
  • Storing patients’ information on a blockchain makes it easier for caregivers to access the medical history of their clients. The technology also helps tag and track drugs through the supply chain to ensure authenticity.
  • Other end users of the blockchain technology include real estate, manufacturing, and finance industries, among others.

Key Players

  • Some of the top players in the global blockchain technology market include IBM Corporation, Intel Corporation, Accenture Plc., Microsoft Corporation, Amazon Web, Deloitte, Applied Blockchain, Huawei, BTL Group, and Samsung, among others.
  • For instance, IBM is an established vendor that offers a blockchain platform designed to help enterprises enhance their efficiency and tackle business challenges. The company’s blockchain platforms are tailored for industry-specific uses such as fraud prevention, purchasing systems, and identity management, among others.

Growth Projections

  • The global blockchain market is expected to grow from $3 billion in 2020 to $39.7 billion in 2025 at a compound annual growth rate (CAGR) of 67.3% due to an increase in digital transactions. The increase in the number of internet users is also expected to fuel the growth.
  • Other factors expected to accelerate the growth include increasing venture capital funding, increasing need to simplify business processes, desire to reduce operational costs, and rising popularity of blockchain technology, among others.

Growth by Region

  • Over the same period, the Asia Pacific region is expected to experience the highest CAGR. The growth will be spurred by the large number of developing countries in the region incorporating blockchain technologies to change business processes.

Part
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Part
04

Global Blockchain Market - Challenges

Blockchain is one of the most talked about subjects in both finance and technology today. Early adopters call it technology that will transform financial services, pointing to its ability to function without a central authority and also store data in a tamper-proof way. Many people also believe it will be helpful to a range of industries and verticals beyond finance and technology, particularly ones bogged down by paper records and outdated technology, whether that’s healthcare, real estate or law. Two challenges facing the global blockchain market have been curated and presented below.

Performance

Privacy

Part
05
of eight
Part
05

Global Blockchain Market - Competitive Analysis 1

IBM Blockchain is the leading player in the global Blockchain market with a market share of 32%. AWS offers two blockchain services including Amazon Managed Blockchain and Amazon Quantum Ledger Database (QLDB). A competitive analysis of IBM and AWS in the global Blockchain market can be found below.

IBM Blockchain

  • A link to IBM's Blockchain webpage can be found here.

Financial Information

  • According to multiple industry resources, IBM holds a market share of 32% in the global blockchain solution market.
  • The size of the global blockchain market is estimated at $3 billion as of 2020. This indicates that IBM Blockchain has an estimated revenue of $960 million (32% x $3 billion).

Value Proposition

  • IBM's value proposition for blockchain is that "IBM Blockchain is changing business, industries — and even the world. IBM Blockchain is more than technology. It’s a movement to help you redefine your most important business relationships through trust, transparency, and newfound collaboration."
  • The company further claims that "no matter where you are in your blockchain journey, IBM helps you rapidly simplify blockchain complexity to commercialize a network, unlock new value and scale up competitive advantages."

Blockchain Technology Offerings

IBM offers a blockchain platform called IBM Blockchain Platform, blockchain services, blockchain solutions, and ecosystem support to facilitate companies in developing and deploying their own blockchain solutions.

    Blockchain Platform

    • IBM Blockchain Platform is a "Hyperledger Fabric platform to build, operate, govern, and grow blockchain solutions across any computing environment."

    Blockchain Services

    • IBM Blockchain Services transform blockchain strategies into business outcomes via governance design, business value design, and technology design.

    Blockchain Solutions

Sectors Served

Geographical Footprint/Locations

Target Market

  • IBM Blockchain is specifically targeted at developers as well as technical and business leaders working at large enterprises in the sectors mentioned above. Around 30.8% of the company's customers operate in the banking and financial services sector, 23% work in the insurance sector, and 15.4% operate in the healthcare sector.
  • Around 76.9% of IBM Blockchain Platform's client base generates more than $1 billion in revenue. Moreover, more than 69% of the firms that use IBM Blockchain Platform have over 10,000 employees.
  • While IBM Blockchain is available for customers across the globe, more than half (53.8%) of its customers are US-based.

Competitive Advantage

  • IBM's biggest competitive advantages in the blockchain market include its huge share in the market, large blockchain workforce, and hundreds of blockchain client engagements. With more than 2,000 blockchain experts, over 20 large consortium networks, and more than 500 blockchain client engagements, IBM Blockchain is frequently referred to as the top player in the global blockchain market.
  • Moreover, the company has made huge investments in its blockchain technology. In 2018, the company applied for 89 blockchain patents. In the first half of 2019, IBM applied for 104 patents.

Amazon Web Services (AWS) Blockchain

  • A link to AWS's Blockchain webpage can be found here.

Financial Information

  • Amazon Web Services (AWS) earned $35.02 billion in revenue in 2019.
  • A breakdown of the revenue for its blockchain offerings is not publicly available. The company's annual report only provides a breakdown of revenue by geography. No information on the financials of AWS's blockchain offerings was found in news, media, and market reports.

Value Proposition

  • "AWS provides purpose-built tools to support your distinct needs, whether you need a centralized ledger database that maintains an immutable and cryptographically verifiable record of transactions, or a multi-party, fully managed blockchain network that helps eliminate intermediaries."
  • Amazon Managed Blockchain allows users to "easily create and manage scalable blockchain networks". The company further claims that "Amazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions."
  • The value proposition for Amazon Quantum Ledger Database (QLDB) is that it is a "fully managed ledger database that provides a transparent, immutable, and cryptographically verifiable transaction log, owned by a central trusted authority."

Blockchain Technology Offerings

Sectors Served

Geographical Footprint/Locations

Target Market

  • The target market of AWS's blockchain offerings is composed of financial and trading consortiums, banks, shipping companies, customs departments, importers, exporters, retailers, manufacturers, and businesses among others.
  • The client base of Amazon Managed Blockchain is mainly composed of large enterprises with more than $1 billion in revenue and over 10,000 employees. Healthcare and banking and finance services customers each constitute 28.6% of its client base.
  • Amazon Quantum Ledger Database (QLDB) usually targets small and medium companies.

Competitive Advantage

  • Unlike other companies, Amazon Managed Blockchain reduces the time taken in hosting Hyperledger Fabric frameworks by 60% ensuring a "simpler, faster, and more efficient" blockchain and ledger application development and deployment experience.
  • AWS is the most-trusted cloud vendor for blockchain and ledger technology workloads as 25% of all Ethereum workloads across the globe run on AWS. It has more than 70 validated blockchain solutions to support all major blockchain protocols.
  • In addition, the company's Quantum Ledger Database (QLDB) allows for 2-3 times faster transactions as compared to traditional frameworks.
Part
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Part
06

Global Blockchain Market - Competitive Analysis 2

SAP and Huawei both launched their blockchain offerings in 2018. SAP's blockchain offerings were designed to complement other services in the SAP ecosystem by providing them with blockchain capabilities, while Huawei offers a standalone blockchain technology platform known as the Blockchain Service (BCS).


SAP

Blockchain Offering & Value Proposition

  • A direct link to SAP's blockchain offerings is available here.
  • The SAP HANA Blockchain service acts as a gateway service that helps connect the SAP HANA database to other enterprise blockchain platforms.

Revenue, Target Market & Industry

  • SAP reported a total revenue of €27.5 billion in 2019. The specific breakdown for its blockchain division is not publicly available. A thorough review of SAP's annual financial report did not also provide this information. SAP Cloud Platform Blockchain service and the SAP HANA Blockchain service were both launched in 2018, indicating they are relatively new entrants to the blockchain industry.
  • According to a recent report, 83 percent of SAP's blockchain consumers operate in the consumer packaged goods industry, while another 16.7 percent operate in the utilities industry.
  • SAP's blockchain offerings are specifically designed for companies operating in the food and pharmaceutical supply chains. About half of its client base (50 percent) generate between $100 million — $1 billion per annum, which signifies that SAP typically targets medium to large enterprises.

Availability & Competitive Advantage

  • SAP's blockchain services are not standalone offerings. Rather, they are complementary services to other services available in the SAP ecosystem. SAP is headquartered in Germany, with representative offices in 180 countries across the globe.


Huawei

Blockchain Offering & Value Proposition

  • A direct link to Huawei's blockchain offering is available here.

Revenue, Target Market & Industry

  • Huawei reported a total revenue of CNY 858.8 billion ($120 billion) in 2019. Specific information regarding the total revenue generated by its blockchain service is not publicly available, and the company did not disclose this information in its annual report. Huawei's blockchain offering, the Blockchain Service (BCS), was introduced in 2018, indicating it is also a new entrant to the blockchain industry.

Availability & Competitive Advantage

  • The BCS was first launched in China in October 2018 before becoming globally available in November of the same year. Huawei is regarded as an important player in the blockchain market. The company is headquartered in China, with representative offices in 170 countries across the world.
  • Huawei promises an 80 percent reduction in development and deployment costs, signifying improved cost efficiency of the service compared to other similar offerings.
  • Another key advantage is the fact that the BCS is easy to use and deploy. According to its website, the BCS can help enterprises deploy blockchain networks in less than 5 minutes.
  • Other key advantages include increased efficiency, multi-role nodes compatibility, multi-layer encryption, and privacy assurance.
Part
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Part
07

Global Blockchain Market - Competitive Analysis 3

A competitive analysis of Microsoft and Intel's businesses is provided below. Included in this analysis are the following details: market share, value proposition, product offerings, industries/markets served, locations, and competitive advantage.

Microsoft

  • Microsoft’s blockchain offerings can be seen here. Microsoft’s key blockchain offerings are Azure Blockchain Service, Azure Blockchain Workbench, and Azure Blockchain Development Kit.
  • Azure Blockchain Service, with its prebuilt infrastructure and networks, facilitates both app prototyping and development, while Azure Blockchain Workbench facilitates the development, governance, and deployment of fully managed blockchain apps and networks at scale.
  • Azure Blockchain Development Kit, on the other hand, serves as a great resource for developers who are seeking blockchain content such as accelerators and code samples.
  • Microsoft’s value proposition, when it comes to blockchain, is that it provides customers with a three-step approach that has already been proven to be effective. Azure’s tried and tested three-step approach involves the following steps: launching and managing the network, modeling smart contracts, and building and extending the blockchain app.
  • Several clients, namely, GE Aviation, Starbucks, Insurwave, Bühler, Singapore Airlines, Webjet, 3M, and Nasdaq, attest to the value of Azure’s blockchain products and services.
  • This client base indicates that the industries Microsoft’s blockchain offerings cater to are many and diverse. Because Azure has industry solutions for financial services, gaming, government, health and life sciences, manufacturing, retail, and energy, it is likely that these industries are Microsoft’s target markets as well for its blockchain products and services.
  • HTF Market Intelligence estimates Microsoft’s share of the global blockchain product sales volume at around 10%, while CB Insights estimates Microsoft’s share of the global corporate blockchain market at 19%, second to IBM’s 32% market share.
  • Reviews of Microsoft Azure Blockchain on Gartner suggest that most of Microsoft’s blockchain clients are in the services and finance industries, have revenues in the $50 million to $1 billion range, and are located in Asia Pacific and Latin America. These reviews are not sufficient in number, however.
  • Product capabilities seem to be Microsoft’s competitive advantage as far as blockchain is concerned. A comparison between Microsoft’s blockchain platforms and those of IBM, the market leader, shows that Microsoft’s product capabilities are rated higher than those of IBM.
  • Microsoft Azure is present in 140 countries and more than 60 regions worldwide. Its locations can be seen here.

Intel

  • Intel’s blockchain offerings can be seen here and here. Intel’s key blockchain offerings are Intel Select Solution for Blockchain: Hyperledger Fabric, Hyperledger Sawtooth, and Intel Software Guard Extensions (Intel SGX).
  • Intel Select Solution for Blockchain: Hyperledger Fabric allows users to use an optimized and verified infrastructure that, in turn, can speed up the development and deployment of blockchain solutions. It is perfect for applications with a modular architecture, as it facilitates the development of plug-and-play components, such as those for membership and consensus services.
  • Intel SGX protects customers’ blockchain transactions by delivering improved security and privacy, and improving both consensus efficiency and throughput, while Hyperledger Sawtooth, which is designed for enterprise use, is a blockchain platform that users can use when developing distributed ledger networks and applications. The goal of this platform is to make smart contracts safer and keep ledgers distributed.
  • These solutions are, of course, built on Intel hardware such as Intel’s solid-state hard drives, ethernet network adaptors, and Xeon scalable processor platform.
  • Intel’s value proposition, when it comes to blockchain, is that it works closely with customers, thought leaders, and the industry to facilitate the creation and deployment of blockchain and open source solutions, encourage the adoption of these solutions, and create value for customers and the industry.
  • Being one of the founding members of the Enterprise Ethereum Alliance, a member of Hyperledger, and a member of the R3-led blockchain consortium gives Intel a competitive advantage over other providers of blockchain products and services.
  • As determined through an online protractor extension, HTF Market Intelligence estimates Intel’s share of the global blockchain product sales volume at around 4%.
  • Telecommunications, financial services, and retail are among the industries served by Intel’s blockchain solutions. One article suggests that Intel targets the following markets: finance, media, supply chain management, and pharmaceutical.
  • Intel does not specify where it sells its blockchain solutions, but it has a presence in 46 countries, which are enumerated here.
Part
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Part
08

Global Blockchain Market - Competitive Analysis 4

Oracle's blockchain offerings are targeted at developers, startups, and large enterprises. Bitfury is a full-service blockchain firm and an enterprise blockchain software developer based in Amsterdam. A competitive analysis of Oracle and Bitfury in the global Blockchain market can be found below.

Oracle Blockchain

  • A link to Oracle's Blockchain webpage can be found here.

Financial Information

  • Oracle generated $39.5 billion in revenue in 2019. Of this, the cloud and license business segment's revenue was $32.56 billion while the services segment's revenue was $3.2 billion.
  • A breakdown of the revenue for Oracle's blockchain offerings is not publicly available. The company's annual report only provides a breakdown of revenue by geography and three major business segments i.e., cloud and license, hardware, and services. In addition, no information on the financials of Oracle Blockchain was found from news, media, and market resources such as CB Insights, Forbes, Bloomberg, Markets and Markets, and MarketWatch among others.

Value Proposition

  • Oracle's value proposition for blockchain is that "only Oracle provides a comprehensive blockchain offering, including business-ready Oracle Blockchain Applications Cloud and Oracle Blockchain Platform for developers who need to build or integrate their applications... Oracle Blockchain Platform is production-ready with enterprise-grade capabilities, easy to adopt, and quick to develop upon, accelerating customer’s blockchain journeys and saving their costs."
  • The company further claims that it "offers an easier way to adopt blockchain and transform your enterprise with the industry’s most comprehensive and enterprise-grade blockchain platform. Oracle Blockchain Platform securely extends your business processes and applications while enabling you to process business transactions much faster."

Blockchain Technology Offerings

Sectors Served

Geographical Footprint/Locations

  • Oracle is based in Redwood City, California. It has 287 offices in 72 countries.
  • While Oracle claims that it's Blockchain Platform and blockchain applications are available to customers throughout the world, Oracle Blockchain Platform is available in the following Data Regions: Ashburn, VA and Phoenix, AZ in the US and Toronto (Canada) in North America, London (UK), Frankfurt (Germany), and Zurich (Switzerland) in EMEA, Sao Paulo (Brazil) in Latin America, and Tokyo, Seoul, Sydney, and Mumbai in the APAC region.

Target Market

  • Oracle's blockchain offerings are targeted at "developers who need to build or integrate their applications", startups, and large enterprises.
  • Around 60.6% of the Oracle Blockchain Platform's customers operate in the professional services industry. Most of its customers (45.5%) generate up to $10 million in annual revenue and have either up to 100 employees (42.4%) or between 100 to 1,000 employees (36.4%). This indicates that while Oracle offers enterprise solutions, Oracle Blockchain Platform is mostly used by small-and-medium-sized firms.
  • Oracle Blockchain Platform is available for customers across the globe. Around 33.3% of its customers are based in the US, followed by the UK, India, South Korea, China, Spain, Germany, Greece, Japan, and Nigeria.

Competitive Advantage

  • Oracle Blockchain Cloud Service gives the company an edge over its competitors as it allows companies to develop and deploy their own blockchain networks. It allows fast and seamless integration with Oracle SaaS, Oracle PaaS Services, and other blockchain networks as well as third-party applications.
  • In addition, it allows users to expand blockchain networks throughout the world using Oracle’s data center footprint in no time. According to industry experts, "the full-stack nature of Oracle’s SaaS offerings makes them ideal candidates to bundle blockchain functionality."

Bitfury Blockchain

  • A link to Bitfury's Blockchain webpage can be found here.

Financial Information

Value Proposition

Blockchain Technology Offerings

Sectors Served

Geographical Footprint/Locations

Target Market

Competitive Advantage

  • While most of the competitors in the Blockchain market offer cloud and software services and solutions, Bitfury's key advantage is that in addition to offering software solutions through its private blockchain framework, it also designs and develops hardware, "including custom semiconductor chips and mobile data centers to keep cryptocurrencies and blockchains secure."
  • Companies can launch their blockchain within 5 minutes by using Bitfury’s Exonum Enterprise, a scalable Blockchain as a Service (BaaS) offering. Exonum Enterprise can process "up to 5,000 transactions per second and protect operations in case of node malfunction or malicious behavior."
Sources
Sources

From Part 03
From Part 04
From Part 05
From Part 06
From Part 07
From Part 08