Top 10 Blockchain Technology Companies - 2019
Over the years, the world has seen an exponential transformation in blockchain technology, and lately, it has emerged as one of the promising technologies in the market. According to the International Data Corporation (IDC), blockchain spending is expected to grow at a robust pace throughout the 2018-2023 forecast period with a five-year CAGR of 60.2 percent. IDC released the “Worldwide Semiannual Blockchain Spending Guide,” which indicates that blockchain spending in 2019 is forecast to be $2.7 Bn, an increase of 80 percent compared to 2018.
Although first recognized as a transaction ledger of cryptocurrencies such as bitcoin, today, blockchain is solving significant problems revolving around supply chain monitoring, data security and sharing, and product tracking. Due to its decentralized architecture, blockchain transactions are highly secured and safe as it allows only authorized individuals to modify the data. Blockchain also provides a secure network for communication between IoT devices, thereby yielding high resistance to breaches as well as cyberattacks. Blockchain technology has a huge role to play in online data security as organizations are also leveraging this revolutionary technology
to track and trace fraudulent exchanges or transactions. Additionally, with the proliferation of cryptocurrencies, blockchain will play a crucial role in the exchange of resources amongst organizations.
Given these merits, companies across various industries are readily adopting blockchain into their mainstream operational workflow. From the retail sector, real state, education to the field of Healthcare and Medicine, blockchain technology has made its way into various industry verticals, thus making blockchain trends the most searched keyword.
To help business providers in selecting promising blockchain solutions, a distinguished panel of prominent marketing specialists and analysts, along with CIOReview editorial board has assessed and shortlisted the companies offering pioneering technology solutions in the blockchain industry. This listing gives a comprehensive understanding of solutions that can be implemented to optimize your business process.
We present to you our “10 Most Promising Blockchain Solution Providers 2019”.