- Blockchain is a record of digital database or blocks of validated and immutable transactions. The blockchain technology acts as an open ledger, such that every transaction on the network is recorded and is made available for all the entities or participants involved in the network to see and verify them.
- North America dominates the block chain in manufacturing market due to wide availability of key industry players of blockchain technology solutions providers, rising venture capital funding and investments in blockchain technology and increasing popularity of blockchain technology in retail and supply chain management in this region.
- Asia-Pacific is the expected region in terms of growth in block chain in manufacturing market due to rising government investments in logistics infrastructure development and penetration of warehouses management systems and extensively rising demand and development in cold chain infrastructure have made China a top market in this region.
- Platform segment is expected to dominate the market with a market share of 51.45% due to its flexibility, ease of integration, and ability to efficiently support diverse applications and user needs
