Global Blockchain IoT Market Report and Collaboration Highlights
The worldwide blockchain IoT market is set to experience significant growth, with a projected CAGR of 49.2% during the forecast period. Companies operating in the blockchain IoT sector are poised to take advantage of favorable economic conditions, industrialization-driven policies, political transformations, and the increasing digitalization trend. These factors are expected to have a profound impact on the business community and drive the growth of the blockchain IoT market.
Several notable collaborations have been announced in the blockchain IoT space, showcasing the industry’s momentum and potential. In January 2022, IBM partnered with Thai Reinsurance Public Company Limited to launch the Insurer Network, a reinsurance smart contract platform leveraging IBM blockchain technology. This collaboration aims to streamline reinsurance contract processing and enhance efficiency through secure documentation.
In December 2021, AWS joined forces with BMW Group to accelerate data transformation in the automotive industry. The collaboration involves BMW Group’s PartChain Platform utilizing AWS services like Amazon Elastic Kubernetes Service to track automotive parts and raw materials across the supply chain using blockchain management tools.
In October 2021, R3 teamed up with Mphasis to develop a blockchain-based payment and financing solution for global supply chains. Mphasis leverages R3’s blockchain platform, Corda, to enhance its portfolio of Trade Finance technology solutions.
The market report segments the Blockchain IoT industry by hardware, software & services, applications, and verticals, providing a comprehensive overview of the market landscape. Companies profiled in the report include Algorythmix Tech Pvt Ltd., Amazon Web Services, Inc., Ambrosus Network, ArcTouch, Atonomi, LLC, and more.
For more information on the Blockchain IoT market report and to request a sample copy, visit: https://www.omrglobal.com/request-sample/blockchain-iot-market
The report also delves into regional analysis, covering key regions such as North America, Europe, Asia-Pacific, and the rest of the world. With detailed insights and expert analysis, the report offers valuable information for industry stakeholders, investors, and decision-makers.
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For more information, visit: https://www.omrglobal.com/industry-reports/blockchain-iot-market
