Blockchain – Thematic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Blockchain Theme Analysis Report Overview

Blockchain is a type of distributed ledger comprising unchangeable, digitally recorded data in packages called blocks. Each block is ‘chained’ to the next block using a cryptographic signature. The four key characteristics that make blockchain uniquely different from traditional databases are decentralization, cryptography, validation, and immutability.

Key Features of Blockchain Technology

Key Features of Blockchain Technology

Buy the Full Report to Know More About the Key Features of Blockchain Technology, Download a Free Report Sample

With the hype around blockchain subsiding, adoption is quietly increasing, focusing on practical benefits and efficiency gains rather than technological novelty. This shift from complete overhauls to narrower but clearer industry-specific applications, often developed in-house, reflects a maturing landscape. The realization that blockchain’s fit may not be universal, coupled with the importance of having a strong digital infrastructure in place, will continue to drive the trend toward meaningful implementation.

Page Count 103
Key Value Chain Components ·        Infrastructure Layer

·        Software Layer

·        Application Layer

·        Services Layer

Key Companies ·        Accenture

·        Alibaba

·        Alphabet

·        Dapper Labs

·        HSBC

·        IBM

·        JPMorgan Chase

·        Ripple

·        Salesforce

·        Tencent

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Blockchain Trends

The main trends shaping the blockchain theme over the next 12 to 24 months are classified into technology trends, macroeconomic trends, and regulatory trends.

Technology trends: The key technology trends impacting the blockchain theme are the use of permissioned blockchain tools to speed up business processes, increase transparency, and reduce costs; and blockchain as a service (BaaS), a cloud-based tool. Furthermore, technological innovations such as smart contracts and Layer 2 solutions; growing focus on interoperability; and the rising popularity of cryptocurrencies, Web3, and Non-fungible tokens (NFTs) will significantly affect the blockchain theme in the coming years.

Macroeconomic trends: Blockchain consortia such as Aura, Canton, and Hyperledger; the Chinese government-backed Blockchain-based Service Network (BSN); and the growing focus on ESG are the key macroeconomic trends that will impact the blockchain theme. The market will also be impacted by the global demand for blockchain professionals; asset tokenization gaining prominence in financial institutions; and the emergence of the Play-to-earn (P2E) model.

Regulatory trends: The key regulatory trends influencing the blockchain theme are the diverse regulatory approaches on various areas of blockchain, such as smart contracts, tokenization, and data protection; and the absence of definitive technical and governance standards in blockchain.

Buy the Full Report for More Insights into the Blockchain Market Trends, Download a Free Report Sample

Blockchain Industry Analysis

GlobalData estimates the global blockchain software and services market was $12 billion in 2023 and will grow at a CAGR of more than 54% by 2030. The maturing landscape means that roles are becoming more defined and segmented, with specific areas such as asset tokenization, blockchain development, and infrastructure services increasingly driving market growth.

In 2023, blockchain spending was the highest in the banking, finance, and insurance industries, with significant applications in cross-border payments, trade finance, and asset management. The sector’s substantial investment capacity, coupled with an interest in areas such as asset tokenization, a potential major value driver, has reinforced its dominance in blockchain investment. Beyond finance, blockchain adoption is notable in supply chain-oriented industries like retail and construction, primarily for transaction processing and asset tracking.

Furthermore, North America, particularly the US, remains the leading region in developing blockchain technologies, accounting for 40% of global blockchain revenues in 2023, followed by Europe. However, Asia-Pacific is predicted to show the highest growth during the forecast period owing to a favorable regulatory environment, strong government initiatives, and a growing middle class that demands enhanced financial services.

Global blockchain revenue, 2019-2030

Global blockchain revenue, 2019-2030

Buy the Full Report to Gain More insights into the Global Blockchain Revenue Forecast, Download a Free Report Sample

Blockchain Value Chain Analysis

GlobalData’s blockchain value chain consists of four layers: The infrastructure layer, the software layer, the application layer, and the services layer.

Infrastructure layer: The infrastructure layer of the value chain includes the hardware and supporting software necessary for the operation of blockchain protocols and networks, with specific requirements varying by blockchain type. This layer comprises five sub-categories: semiconductors, nodes, storage devices, networking equipment, and data centers. While some enterprises manage nodes in-house, others prefer the potential cost-saving advantages of blockchain as a service (BaaS).

Blockchain Value Chain Analysis

Blockchain Value Chain Analysis

Buy the Full Report for More Insights into the Blockchain Value Chain Analysis, Download a Free Report Sample

Blockchain – Competitive Landscape

A few of the leading companies making their mark within the blockchain theme include:

  • Accenture
  • Alibaba
  • Alphabet
  • Dapper Labs
  • HSBC
  • IBM
  • JPMorgan Chase
  • Ripple
  • Salesforce
  • Tencent

Application Software Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our application software sector scorecard has three screens: A thematic screen, a valuation screen, and a risk screen.

Blockchain is a theme that impacts many of the sectors we cover. In this section, we focus specifically on the application software and payments sectors.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Application Software Sector Scorecard

Application Software Sector Scorecard

Buy the Full Report for More Insights into the Application Software Sector Scorecard, Download a Free Report Sample

Scope

This report provides an overview of the blockchain theme.

  • The report identifies the key trends impacting the growth of the theme over the next 12 to 24 months, split into three categories: Technology trends, macroeconomic trends, and regulatory trends.
  • The report contains a comprehensive industry analysis, including global market size and growth forecasts for blockchain, details of M&A deals driven by the blockchain theme, and an analysis of the business benefits of blockchain.
  • The report includes details on the value chain that comprises four layers: The infrastructure layer, the software layer, the application layer, and the services layer. Leading and challenging vendors are identified across each of these layers.

Key Highlights

Despite the subsiding hype, blockchain innovation continues. The sector is awash with developments like rising competition among smart contract blockchains, the rebranding of blockchain into Web3, the emergence of soulbound tokens, and the ever-vibrant world of cryptocurrencies. These trends highlight that while enterprise adoption advances steadily, the public blockchain space remains dynamic.

If cryptocurrencies were blockchain’s first killer use case, then the tokenization of real-world assets is the second. Most major financial firms launched asset tokenization initiatives in the past two years, citing their market potential. Converting various assets into tradable digital tokens lowers entry barriers by enabling fractional ownership and enhances global participation through increased liquidity and faster settlements. Its impact is particularly notable in making traditionally illiquid assets like real estate and fine art more accessible. This has broad implications for how wealth is distributed and how the economy functions.

Reasons to Buy

  • This report addresses concerns regarding the lag behind the adoption of blockchain compared to other emerging technologies.
  • The report provides a detailed, yet easy-to-follow overview of the blockchain technology, highlighting its key characteristics, and describing how blockchain works.
  • The report includes a comprehensive value chain analysis of the leading players in areas such as blockchain services, which will help companies choose vendors to partner with on blockchain implementation projects.

Accenture
Accton
Achronix
Adata
Adidas
Advanced New Technology
Aergo
AION
Alchemy
Algorand
Alibaba
Alphabet (Google)
Amazon
Amber
AMD
Animoca Brands
Ankr
Ant Group
AON
API3
Arista
Astar
Atos
Aura Blockchain Consortium
Auradine
Australian Open
Ava Labs (Avalanche)
Avado
Aventus
Axoni
Aztec
Baidu
Bakkt
Band Protocol
BHP Billion
BigChainDB
Binance
Bitcoin
Bitcoin Depot
BitcoinCash
BitDeer
BitGo
BlackRock
Block.One
Blockchain
BlockCypher
Blockdeamon
BlockNet
BlockPass
Blockpit
BNY Mellon
Boba
Broadcom
Broadridge
Buffalo
Bullish
Canton Network
Capgemini
Cardano
CargoX
Carrefour
Celer
Chainlink
ChainReaction
Chainstack
Chainyard
Chiliz
Chronicled
Ciena
Cipher Mining
Circle
Cisco
Citi
Civic
Clarins
Coinbase
CoinGecko
Commerzbank
ConsenSys
Core Scientific
Covalent
Crypto.com
DAppNode
De Beers
Dell
Deloitte
Deutche Börse Group
Dfinity
Diesel
Diginez
Dogecoin
DragonChain
DTCC
Energy Web Foundation
Enigma
Ericsson
Ethereum Enterprise Alliance
Ethereum Foundation
Extreme Networks
EY
Fantom
Filecoin
Financial Services Blockchain Consortium Shenzhen (FISCO)
Fireblocks
Flare
Flow
Fnality
Formula 1
Forte Labs
Franklin Templeton
Fuel
Fujitsu
Genesis Digital Assets
GetBlock
Global Shipping Business Network (GSBN)
Goldman Sachs
HCLTech
Hedera Hashgraph
Hetzner
Hewlett Packard Enterprise
Hitachi
HSBC
Huawei
Hut8
Hyperledger Foundation
IBM
ICBC
ICON
Immutable
Infosys
Injective Labs
Insupr
Intel
Interchain Foundation (Cosmos)
JPMorgan Chase
Juniper Networks
Kadena
Kaleido
Kava
Kayak
Keep
Kilt Networks
Kingston
Klatyn
Komgo
KPMG
Kraken
L1D
Lattice
Layer Zero
Ledger
Lenovo
Litecoin
Lloyds Bank
Loopring
Louis Vuitton Moet Hennessey
Magic
Manta Network
Mantle
Marvell
MasterCard
Masverse
Mercedez Benz
Microchip
Micron
Microsoft
MicroStrategy
MOBI
Modex
Monero
MoonPay
Moralis
MultiChain
MultiversX
nChain
Near Protocol
Neon
Nike
Nokia
NTT Data
Nvidia
NXP
Oanda
Oasis Labs
Offchain Labs (Arbitrum)
OneKey
Optimism
Oracle
OVH
Parsiq
Paxos
PayPal
Penguin Solutions
PharmaLedger
PingAn
PNY
Polestar
Polygon
Polymath
PolyMesh
Powerledger
Provable
Provenance
PureStorage
PWC
QCT
Quant
QuickNode
R3
Raiden
Repsol
Ripple Labs
Rise In
Robinhood
SAI
Salesforce
Salt Lending
Samsung
SAP
Scroll
Seagate
Securitize
Shell
Siemens
SK Hynix
Skale Network
Snowflake
Societe Generale
Solana Labs
Sony
Sorare
Sovrin
StakeBox
Standard Chartered
Starbucks
StarkWare
Start9
Stellar
Stelsi
Sugon
SushiSwap
Swift
Symbiont
Talan
Tata Consulting Services
Tatum
Taurus
TaxBit
Tech Mahindra
Tellor
Tencent
TeraSwitch
Tezos
Thales
Theta
Threshold
Thridweb
Tokeny Solutions
Tornado
Toshiba
Tron Foundation
TrueBit
tZero
UMA
Umbrel
Unchained
VAKT
VeChain
Veem
Visa
Vodafone
Walmart
Wanchain
Wax
Web3 Foundation (Polkadot)
Weex
Wells Fargo
Western Alliance
Western Digital
Wipro
Witnet
Worldcoin
Wormhole Foundation
XDC Network
Yuga Labs
Zcash
ZTE
Zyber365

Table of Contents

  • 1. Executive Summary
  • 2. Players
  • 3. Technology Briefing
  • 4. Trends

    • 4.1. Technology trends
    • 4.2. Macroeconomic trends
    • 4.3. Regulatory trends

  • 5. Industry Analysis

    • 5.1. Market size and growth forecasts
    • 5.2. Timeline

  • 6. Signals

    • 6.1. M&A trends
    • 6.2. Venture financing trends
    • 6.3. Patent trends
    • 6.4. Company filing trends
    • 6.5. Hiring trends

  • 7. Value Chain

    • 7.1. Infrastructure layer
    • 7.2. Software layer
    • 7.3. Application layer
    • 7.4. Services layer

  • 8. Companies
  • 9. Sector Scorecards

    • 9.1. Application software sector scorecard
    • 9.2. Payments sector scorecard

  • 10. Glossary
  • 11. Further Reading
  • 12. Our Thematic Research Methodology
  • 13. About GlobalData
  • 14. Contact Us

Frequently asked questions

Blockchain – Thematic Intelligence thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Blockchain – Thematic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Blockchain – Thematic Intelligence in real time.

  • Access a live Blockchain – Thematic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.