The global blockchain IoT market is anticipated to grow at a considerable CAGR of 49.2% during the forecast period. Companies operating in blockchain IoT would exploit the flexible economic conditions, industrialization-motivated policies, political transformation, and the growing digitalization, which is expected to have a significant impact on the business community and drive the blockchain IoT market. Furthermore, many companies are collaborating to launch blockchain IoT. Some of the collaboration to launch blockchain is listed below.
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- In January 2022, IBM collaborated with Thai Reinsurance Public Company Limited (Thai Re) to launch the Insurer Network, a reinsurance smart contract platform using IBM blockchain technology on IBM Cloud. The IBM blockchain technology built on the highly secured IBM Cloud will approve Thai Re to acquire efficiency and speed in processing reinsurance contracts with a secure single version of truth documentation.
- In December 2021, AWS teamed up with BMW Group to accelerate data alteration in the automotive industry. The BMW Group’s PartChain Platform purchases AWS services, such as Amazon Elastic Kubernetes Service (Amazon EKS), in line with the open-source blockchain management tools to detect automotive parts and raw materials all over the automotive supply chain.
- In October 2021, R3 partnered with Mphasis. The motive of this partnership was to evolve a blockchain-based payment and financing solution for global supply chains. R3’s blockchain platform, Corda, is used by Mphasis to expand its portfolio of Trade Finance technology solutions.
Global Blockchain IoT Market Report Segment
By Hardware
- IoT Sensors
- Crypto-Wallets
By Software & Services
- Technology Advisory & Consulting Services
- Deployment & Integration Services
- Support & Maintenance
By Application
- Smart Contracts
- Security
- Data Sharing/ Communication
- Asset Tracking & Management
By Verticals
- Energy & Utilities
- Transportation & Logistics
- Manufacturing
- Building Management
- Healthcare
- Others (Retail, Wearable & Mobile Devices)
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Blockchain IoT Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Algorythmix Tech Pvt Ltd.
- Amazon Web Services, Inc.
- Ambrosus Network.
- ArcTouch
- Atonomi, LLC
- Auxesis Services & Technologies (P) Ltd.
- Chronicled
- Huawei Technologies Co., Ltd.
- HYPR Corp
- IBM Corp
- Intel Corp
- IOTA Foundation
- IOTA Foundation
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