Sep 19, 2019 (AmericaNewsHour) — Blockchain is an emerging technology that maintains a decentralized database of historical records by the continuous formation of blocks in a chain. It is an open ledger that efficiently stores and manages transactions made between two entities. The blockchain technology is being adopted in various industries and applications owing to its secured transaction process. Blockchain in telecommunication and post services is used for applications such as billing, smart contracts, roaming services, and identity as a service. Major factors driving the blockchain in telecommunication and post services market is the increased use of blockchain in telecommunication and post services for designing crypto-currencies, and secure platform for monetary transactions.
The global blockchain in telecommunication and post services market is expected to grow at 59.3% CAGR during the forecast period, 2017-2023. In 2017, the market was led by North America with 36.1% share, followed by Europe and Asia-Pacific with shares of 31.3% and 19.4% respectively. There has been a significant growth in the adoption of digital payment and transaction services based on blockchain technology in China, Japan, Germany, and the US. Currently, Japan is the most advanced country in the adoption of blockchain technology in various end-user applications including telecom, education & research, and BFSI. Thus, the country has become lucrative for the firms that provide blockchain in telecommunication and post services equipment, and components.
The global blockchain in telecommunication and post services market has been segmented based on service providers, organization size, application, digital services, platform, and region. […]
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