LONDON, Oct. 15, 2018 /PRNewswire/ --

An Overview and Impact Assessment on Energy and Industrial Applications
The rising demand for faster and secure payments by banks and end-users along with full transparency has made Blockchain one of the fastest growing technology market in the world.Banks are investing heavily in R&D activity related to verifying and recording finance transactions.

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Also, major US technology companies such as IBM, Microsoft, and startup innovators are developing Blockchain-based services and applications, thereby driving the global Blockchain development market.

Blockchain technology is positioned to meet the increasingly complex demands of the digital-first future through smart contract capabilities, middlemen elimination and provenance and consensus on all transactions.Blockchain greatly reduces transaction costs by eliminating middlemen along the supply chain.

This is a key factor that will drive the adoption of this technology across all industries. Blockchain is capable of resolving issues prevalent across industry sectors by introducing Blockchain-based micro payments and contract pricing models, thereby eliminating the transaction cost.

In brief, this research service covers the following points:
Blockchain– An overview
Drivers and challenges for Blockchain adoption
Blockchain-based Energy and Industrial Applications and its impact
Use case by Energy and Industrial Sectors
Patent, adoption trends, and key funding initiatives

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