May 6, 2022

Blockcypher, Inc The global blockchain market is segmented into five major regions which are North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The Asia-Pacific region is expected to acquire more market share in global Blockchain market. In this region, the Asian Development Bank has announced that it will use Blockchain technology as their essential database to make cross-border securities transactions providing efficient and secure services. Initial investments in Ethereum produced unpredicted returns in Asia-Pacific region. As the public chain technology, it is vastly spreading and expanding the possibilities of Blockchain. Asia-Pacific region has successfully invested into Polkadot, Blockfi and Terra too. From underlying infrastructure Blockchain system to decentralized financial app (DeFi), Blockchain industry has grown into Asia-Pacific region. Blockchain technology is driven by unique investment strategy, comprehensive and long term perspective. IBM Corporation, Amazon Web services, Wipro limited are some of the major players in global Blockchain market. Blockchain, a distributed ledger technology has the potential to transform a wide range of markets and industries fundamentally. As to enhance the Blockchain technology approach, Global Blockchain Policy Center is exploring the benefits and risks of Blockchain technology. This can be utilized to ensure raising economy globally. By the essential output of Blockchain technology it could be used as a foundational technology in forecast years. Blockchain technology has many unfolding potential for various applications. For instance, banks can use Blockchain database to handle remittances for higher productivity with lower cost. With this facility they can improve the transactions without sacrificing security. Blockchain technology could boost the global economy in upcoming years through raising levels of tracking, tracing and trust. Healthcare, education and public administration sectors are estimated to have higher benefits of Blockchain technology. Even though Blockchain was introduced with the vision of banking sector only, it has started disrupting other industries as well. The Covid-19 pandemic has affected almost all countries and had a significant effect on daily lives. It has hampered the movement of goods as well as people across the globe. Because of Covid-19 implications, the various levels of regulations assessed by national and local governments throughout the world. The pandemic concerns delayed and disrupted virtually all supply chain networks. However, Pandemic has shown the advancement of Blockchain technology itself. This 'temporary Slowdown' should lead the Blockchain industry investors to recover when the pandemic subsidies. As many people are remaining at home during the pandemic, the use of Blockchain as a digital currency is expected to increase. With that Blockchain technology developers are also working to create solutions to track medical supply chains and drug supply chains. Key Topics Covered: