Blockchain Supply Chain Market is projected to grow up to USD 3,376 million by 2027 growing at a CAGR of 54.1% during the forecasting period 2021-2027.

The blockchain is a distributed ledger that stores records of digital databases or blocks of verified transactions. Instead of being handled by a central middleman, it synchronises all transactions and data across the supply chain network. Supply chain management is a cost-effective method of planning, controlling, and executing a product flow for raw materials and manufacture. In the supply chain, blockchain is used to reduce costs, track origins, and establish trust. The Blockchain Supply Chain Market is undergoing a transition that allows users to get everything they need on a single platform. Component, Application, and Industrial Vertical are the three segments that make up the Blockchain Supply Chain Market.
The market's main growth drivers include the rising use of blockchain technology in retail and supply chain management, as well as the growing demand for supply chain transparency. Uncertain regulatory status and standards, on the other hand, may limit market expansion. Blockchain technology is being used in a variety of businesses because it improves efficiency and visibility. Financial services, retail services, e-commerce, and other industries use it. Furthermore, a number of large corporations are utilising blockchain technology to track their products during transit and handle their complex records. Interoperability is another important factor that allows businesses to securely communicate data and information with suppliers, manufacturers, and vendors. Furthermore, when commodities are stopped in the supply chain, it improves supply chain transparency.
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The Blockchain Supply Chain Market report has been categorized as below
By Offering
Platform
Services
Technology Advisory and Consulting
Deployment and Integration
Support and Maintenance
By Type
Public
Private
Hybrid and Consortium
By Providers
Application Providers
Middleware Providers
Infrastructure Providers
By Application
Asset Tracking
Counterfeit Detection
Payment and Settlement
Smart contracts
Risk and Compliance Management
Others (Inventory Control and Reward Management)
By Organization Size
SMEs
Large enterprises
By Verticals
FMCG
Retail and eCommerce
Healthcare
Manufacturing
Transportation and Logistics
Oil, Mining, and Gas
Others
By Region
North America
Europe
Asia Pacific
Rest of World
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