With rising focus towards operational process optimization, more companies are looking to have better control on their supply chain in order to track and efficiently manage the flow of raw materials, finished and semi-finished goods. On one hand where higher level of visibility prevents cases of product damage, steal, theft and counterfeiting of products, the same, on the other hand, has potential to optimize cost at different stages. Transparency in handovers at various checkpoints in the supply chain would help the manufacturers and distributors in assessing their current procedures and improving the same to provide their consumers with products in a standardized manner. Global blockchain supply chain market is expected to surpass US$6.5 billion by 2027, growing at a CAGR of 60%. The technology has also been gaining notable adoption in food and beverage industry owing to the complex nature of value chain and more number of companies coming up with solutions that are specifically targeted to this industry.

“Rising trend of outsourcing various parts of distribution and supply chain is aiding the growth for global blockchain supply chain market. Primary reason for the same is lesser control and visibility over such third party service providers. Regulations regarding maintenance of data pertaining to product quality across the lifecycle by governing authorities would also impact the market positively.” 

Global Blockchain Supply Chain Market Revenue ($Million), 2018

The detailed research study provides qualitative and quantitative analysis of the global blockchain supply chain market. The market has been analyzed from demand as well as supply side. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global blockchain supply chain market are Applied Blockchain Ltd., Bitfury, BTL Group Ltd., Chainvine Ltd, Guardtime, Huawei Technologies Co., Ltd., IBM Corporation, Microsoft, OpenXcell, Ownest, Peer Ledger Inc., Provenance, PwC, Ripe.io, SAP SE, Sofocle Technologies (OPC) Pvt Ltd., VeChain Foundation, Venture Proxy Ltd., and Wipro Limited amongst others.

By Offerings

• Solutions
• Services

By Application

• Goods and Distribution Tracking
• Finance
• Smart Contracts
• Others (Forecasting, Freight Costing Etc.)

By Vertical

• Retail
• Food and Beverages
• Healthcare
• Heavy Machinery
• Postal Services
• Financial Services
• Others (Government, Media and Entertainment Etc.)

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic
    • Denmark
    •  Finland
    •  Iceland
    • Norway
    • Sweden
  • The Benelux Union
    • Belgium
    • the Netherlands
    • Luxemburg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • New Zealand
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America