The aviation blockchain market is projected to grow from USD 421 million in 2019 to USD 1,394 million by 2025, at a CAGR of 22.1% during the forecast period. The aviation blockchain market is growing at a significant pace during the forecast period. Blockchain enables stakeholders of the aviation industry to share a decentralized digital ledger which stores flight data and supply chain data of airlines.
The global blockchain technologies market was valued at about $2.01 billion in 2018, and is expected to grow to $9.97 billion at a rapid annual growth rate of more than 49% through 2022. Companies across various industries are increasingly investing in block chain technology due to its high efficiency in data management. Blockchain technology is growing strongly in major sectors such as healthcare, banking and finance, digital assets, and also in several government departments.
The "Blockchain, Cryptocurrency and the Future of Monetary Policy - 2019 Report" report has been added to ResearchAndMarkets.com's offering. The rise of cryptocurrencies offers an important perspective on the successes and the failures of monetary policy, as we detail in our report. Cryptocurrency seems to offer the promise of currency secure from compromise, safe from manipulation by financial institutions and increasing in value at a rapid pace. But, does it really?
Center Source, the first nearshore BPO firm in the world to focus exclusively on serving the needs of companies accepting cryptocurrency from end customers, has announced it has smashed growth and profitability predictions during its first year of operation. Center Source has surpassed the company's year-1 revenue goal by approximately 400% and has attained profitability in just a single year of operation, rather than the predicted three years.
In the report "Exchange Review for September 2019" recently released by CryptoCompare, a cryptocurrency market data provider, OKEx is the top crypto exchange in terms of derivatives monthly volume. Although OKEx saw an astonishing derivatives total volume of US$90.34B in September, it is still down by 14.9% when compared to August (see figure 20).
The rising demand for faster and more secure transactions along with full transparency has made blockchain one of the fastest growing technology markets in the world.Banks and technology providers are investing heavily in R&D activity related to verifying and recording finance transactions. Also, major US technology companies such as IBM, Microsoft, and startup innovators are developing blockchain-based services and applications, thereby driving the global blockchain market.