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World Blockchain Study 2020: Blockchain Faces Key Challenges that include Lack of Awareness as well as Scalability

DUBLIN–(BUSINESS WIRE)–Apr 17, 2020–

The “Blockchain: Regulating the New Economy” report has been added to ResearchAndMarkets.com’s offering.

The rising demand for faster and more secure transactions along with full transparency has made Blockchain one of the fastest-growing technology markets in the world.

In brief, this research service covers the following points:

  • Blockchain – An Overview
  • Blockchain Working Principle
  • Blockchain Governance Framework
  • Drivers and Challenges
  • Use Cases Enabling New Governance Models
  • Blockchain Regulatory Scenario
  • Future Governance Frameworks and Strategic Insights

Blockchain, which is a decentralized digital database, supports secure transactions without the need for a central authority to approve/accept the transaction. Although this technology has been recognized mainly by digital currencies such as Bitcoin and other cryptocurrencies, it has several other non-financial applications in different sectors including agriculture, logistics, healthcare, real estate, cloud storage, education, public transportation, pharma, food and beverage, and so on. Blockchain is enabling new governance model across the globe with valued use cases.

Countries around the world are improving and updating their regulatory frameworks to provide a suitable and attractive environment for Blockchain companies to keep pace with the fast-growing global Blockchain market and reap the benefits of this technology. 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. Cryptocurrencies are experiencing high growth, which is attracting lots of investment through various funding models and paving the way for tokenization model in the sharing economy.

Key Topics Covered

1. Executive Summary

1.1 Research Scope

1.2 Research Methodology

1.3 Research Methodology Explained

1.4 Key Findings

1.5 Growth Opportunities

2. Blockchain – Overview

2.1 Blockchain is Becoming Highly Appealing to Economies Across the Globe due to its Immutability, Disintermediation, and Security

2.2 Majority of Blockchain Systems in the Experimentation Stage or in Use Globally are Either Public or Private

2.3 Key Specifications of Blockchain-based Governing Systems

3. Blockchain Working Principle

3.1 Blockchain Technology Working Principle – P2P Governing Network

3.2 DLT Ensures Greater Security for Transactions, which is Run and Recorded on it

3.3 Blockchain Tokenization Creates Token which is Used for Payment Transactions

4. Blockchain Governance Framework

4.1 Blockchain Revamps the Traditional Regulating Models by Making Them More Relevant, Accessible, and Cost-effective

4.2 Off-chain Governance vs. On-chain Governance

4.3 Consensus Algorithms Ensures Efficient Decision Making in DLT

5. Growth Drivers and Challenges

5.1 Blockchain Faces Key Challenges that Include Lack of Awareness as well as Scalability

6. Use Cases Enabling New Governance Models

6.1 Blockchain-based Applications are Setting the Decentralized Governing Framework Across the Industry Sectors

6.2 Decentralized Applications must Explore ways of Complementing the Role of Central Authorities

6.3 Blockchain Governance grants Access to the Interconnected Trusted Network of Loyal Customers

7. Global Regulatory Scenario

7.1 Standardization and Uniformity Among Global Regulatory Authorities will be Key to Ensure Scalability in Decentralized Models

7.2 The US Remains A Prominent Country in the Cryptocurrency Ecosystem

7.3 Switzerland is Leading the Crypto-friendly Nation Tag

7.4 Singapore is Establishing a Tokenized-based Blockchain Working Ecosystem

7.5 Majority of Countries are in Consultation Phase with Respect to Cryptocurrency and Blockchain Regulation

7.6 Adoption and Integration of Blockchain into Governments Systems Will Enable Frictionless Partner Ecosystem

8. Future Governance Frameworks and Strategic Insights

8.1 Synergies Between Blockchain and Other Emerging Techs to Provide Converged Applications Across the Industrial Sector

8.2 Blockchain benefits are Cascading and more Effective for Tackling the Current Centralized Governance Issues

9. Industry Contacts

9.1 Key Contacts

For more information about this report visit https://www.researchandmarkets.com/r/l6ab9k

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200417005210/en/

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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 04/17/2020 06:42 AM/DISC: 04/17/2020 06:42 AM

http://www.businesswire.com/news/home/20200417005210/en

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