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19 Jun 0

How is Blockchain Technology Market Going to Rise at High CAGR of 38.4% Till 2025?

The global Blockchain Technology Market is forecast to rise exponentially in the coming years. The market is expected to witness high demand from diverse industries, especially the banking, financial services, and insurance (BFSI) industry.

In terms of industry vertical, the banking, financial services, and insurance segment held the leading share of 41% in global blockchain technology market in 2017. The segment will gain further impetus following introduction of bitcoin. “Rampantly increasing cyber-attacks and frauds in the BFSI industry accounts for millions of dollars. This has become a global concern. To make the technology used in the industry safer and more secure, Deloitte and Microsoft Azure and other tech giants are offering blockchain services,” said a lead analyst.

In terms of deployment, the proof of concept segment is gaining traction and is expected to witness impressive growth during the forecast period 2018-2025. Growth witnessed in this segment is backed by high need of transparent transaction across industries such as healthcare, retail and BFSI.

blockchain technology market

Increasing Demand for Secure Blockchain Technology to Guarantee Growth at Promising Rate

“Government initiated awareness programs regarding benefits of blockchain technology among undeveloped nations is anticipated to fuel the demand in the global blockchain technology market“, said a lead analyst at Fortune Business Insights.

Increasing adoption of e-financial services and rapid adoption of the blockchain technology in developed nations are expected to drive the global blockchain technology market during the forecast period.

Increasing number of new blockchain products and their approval grants is also anticipated to act as a driving factor for the global Blockchain technology market.

Partnerships Among Key Market Players and Blockchain Developers Driving the Market in North America

North America emerged dominant in the global blockchain technology market in 2017. The North America market was worth US$ 820 Mn in 2017. The region will continue leading the market at a global level through the forecast period. Growth witnessed in the market is also attributable to recent collaborations between market players in the U.S. and blockchain service provides. Europe is also anticipated to witness impressive growth during the forecast period owing to high presence of blockchain technology developers.

In 2017, IBM was the leading organization in the global Blockchain technology market. Other companies operating in the global market are Oracle Corporation, Deloitte, Microsoft Corporation, IBM Corporation, The Linux Foundation, Chain Inc., Consensus Systems, Bits, Inc (Tendermint, Inc.), Schvey, Inc. (Axoni), VironIT, Altoros, and Fintech & Blockchain Software House.

Source: https://www.fortunebusinessinsights.com/industry-reports/blockchain-technology-market-100072

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Satoshi
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7 Mar 0

Blockchain Academy: a new institution in India

Kerala will soon host its own blockchain academy, the second institution to be opened in India.

This became possible thanks to a new collaboration between the Indian Institute of Information Technology and Management Kerala (IIITM-K) and the Blockchain Education Network (BEN).

This new Blockchain Academy will be focused on innovation and tech consulting. Specifically,  of course the academy will explore the distributed ledger use cases related to banking, healthcare and governance.

The first Indian blockchain academy was organized by Primechain Technologies Private Limited based in Baner, near the well-known city of Mumbai and it offers a few different courses for both developers and curious people who aim at knowing more about the tech.

Recently, a new Kerala enterprise was announced by Dr. Rajasree during the blockchain conference held at the Technopark in Kerala’s capital Thiruvananthapuram, according to an press release.

This speech also featured Senior research scientist for IBM Research Labs, Dr Dilip Krishnaswamy, and Michael Gord of the BEN, who explained about the blockchain benefits through a video conference.

IIITM, or the institution that co-founded this new academy, supports the so-called “Maker Village project” in the Keralan city of Kochi. Maker Village is an electronics incubator that sees the blockchain as a relevant topic related to the development of new IoT solutions for machine-to-machine payments.

India has always been interested in bitcoin and blockchain news.

For example, last week, Reserve Bank of India (RBI) deputy governor Rama Subramaniam Gandhi explained that digital currencies are “being overstated”. In fact, according to him, Bitcoin’s lack of central authority and pseudonymous nature mean cannot replace fiat currencies.

Also, RBI recently published a new research on how they want to digitize the rupee, or the country’s bank-issued currency,  with the main goal of avoiding the use of cash money within the Indian economy.

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Amelia Tomasicchio
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12 Jan 0

Blockchain Healthcare Applications for US FDA

The US Food and Drug Administration (FDA) revealed today its intent to study Blockchain Healthcare Applications.

The American agency who approves and regulates medical products announced its decision in a press release published by IBM Watson Health, that will team together with the FDA.

IBM will study how data from electronic medical records, clinical trials and health data from devices can be better shared and audited by using the distributed ledger.

To do so, it is not clear if IBM and the FDA will use a private blockchain or the Bitcoin one. Details may be published during next months.

Initial tests will be focused on clinical trials and real-world evidence data related to oncological data.

However, the two companies positioned the trial as one that could one day mitigate the potential of patient privacy breaches during electric exchanges.

The official press release revealed:

“By keeping an audit trail of all transactions on an unalterable distributed ledger, blockchain technology establishes accountability and transparency in the data exchange process.”

According to the press release, the IBM and the FDA will work together for a two-years period and their goal is publishing their researches in 2017.

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Amelia Tomasicchio
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30 Dec 0

Bitcoin in 2016: top news about the Blockchain

As the New Year’s Eve is coming, we decided to share with you the best moments of this year with an article about Bitcoin in 2016.

Involved in the best news about the distributed ledger technology, there are not only financial institutions and bank, but specially well-known companies related to countless sectors.

And his proves how the blockchain could be useful for a lots of use cases.

Microsoft and Bitcoin

For example, in 2016 Microsoft announced its involvement in blockchain projects related to security, identity management,  and a tool for developers called Microsoft BaaS.

Also, the worldwide company decided to accept Bitcoin among its available methods of payment on its online shop.

IBM and Watson

IBM was another company who dedicated much effort in blockchain research and projects.

Earlier this year, IBM revealed its new blockchain cloud service for helping companies in developing and testing the distributed ledger.

Also, it announced its revolutionary project called Watson, that together with the distributed ledger are “two technologies that will rapidly change the way we live and work, and our clients in Asia Pacific are eager to lead the way in envisioning and creating that future,” explained Randy Walker, CEO at IBM for the Asian area.

Bitcoin in 2016: annual price high

Bitcoin in 2016 also reached its annual high; and as the year comes to the end, its price continues to test the $1,000 mark and it seeks to set a new three-year high.

HolyTransaction in News

You might now that our company had to face some issues earlier this year, but now we are strong than ever and we’re very happy to having developed a new virtual exchange platform called HolyTransaction Funding.

Thanks to this exchange you can buy and sell bitcoin worldwide with no registration required. This means you can instantly convert your digital currency into fiat currencies and vice versa, without sharing your personal data.

On HolyTransaction Trade you can also create a Bitcoin Virtual Credit Card to buy everything you want online.

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Amelia Tomasicchio
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31 Aug 0

Who are the new Hyperledger Blockchain Project members?

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Tech giant Samsung is among the new Hyperledger Blockchain Project members announced today.

Hyperledger Blockchain members

Together with Samsung there are 16 other new companies joining the project, including Cloud Security Alliance, Energy Blockchain Laboratory, Global Peersafe Technology Corp., Inuit Foundation – University of Rome “Tor Vergata,” Intuit, Investrata Foundation for Social Entrepreneurship, iRootech Technology, MIRACL UK Limited, Netki, Nxt Foundation, Orange Magic Cube, Sany, Tai Cloud Corp., Union Mobile Pay E-Commerce, Wutongtree and Yunphant Blockchain.

Hyperledger Blockchain Project’s Goal

Hypederleger is a collaborative effort started by the Linux Foundation to study the blockchain aiming at supporting worldwide business transactions to improve many aspects of their performance and reliability.
Since its beginning back in early 2016, Hyperledger started accepting proposals for codebases.
One of the first was called “Fabric”, a codebase that united works by Digital Asset Holdings, Blockstream and IBM.
To date, almost 100 organizations joined the Hyperledger Blockchain Project members; and more companies will be added by the end of 2016.
Hyperledger executive director, Brian Behlendorf, commented:
“There’s been a tremendous response to our vision for creating an open community for blockchain technology and we’re proud to be celebrating this member milestone. At a growth rate of nearly two new members joining per week, I look forward to working with this growing community to further our open blockchain development efforts”. 
Earlier this month, Airbus joined the project too, together with Hitachi, Microsoft, Red Hat, and more.

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Satoshi
19 Aug 0

Airbus joined Hyperledger Blockchain Project

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French airplane firm Airbus joined Hyperledger Blockchain Project, or the Linux Foundation program related to the distributed ledger.

Airbus joined Hyperledger Blockchain Project

Last year Airbus sold more than 1,000 aircraft and now the company is joining the same blockchain project that also sees the participation of firms such as IBM, Red Hat, Intel and JPMorgan. 
Hyperledger director Brian Behlendorf explained to Coindesk how the Airbus partnership shows that the distributed ledger technology has lots of applications beyond fintech:
“A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”

Blockchain beyond finance

This announcement reflects how the airline industry is increasing its own interest in the blockchain technology. 
Previously in May, in fact, the blockchain startup called ShoCard started a partnership with the airline firm SITA with the goal of developing new applications for identity management.
This is not the first time a company wants to use the Blockchain for identity-related issues.
A few months ago, in fact, we spoke about the Microsoft’s project that aims at using the distributed ledger to solve problems related to identity in the digital world. 

The Hyperledger Blockchain Project

Launched in the beginning of 2016, the Hyperledger Project has more than 80 members among its partners and it is managed by the Linux Foundation.
Read more about the Hyperledger Blockchain Project here.

Open your Bitcoin Wallet

Open your wallet on HolyTransaction and find out more on our service where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Peercoin, etc…

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Satoshi
4 Jul 0

Citibank study on Bitcoin: read here their report on digital currencies

citibank study on bitcoin
A few days ago the Citibank study on Bitcoin and other cryptocurrencies was released, where it explains that they should not be considered as disruptive for banks and other traditional institutions.
Citibank, in fact, published a 56-page report about bitcoin and digital currencies, – written by Keith Horowitz with contributions from Adrien Porter, Frieda Liao, and Michael Cronin; it also explains how Citibank sees lots of new opportunities in the blockchain technology.
This is an extract:
“The power behind an open network like bitcoin is the possibility of incorporating it with other technologies to bring about true innovation, such as applications that support the Internet of Things (eg machine-to-machine payments).”
 

Citibank study on Bitcoin

The Citibank study explains how bitcoin and the other digital currencies could revolutionize the market, especially where there isn’t a good payments infrastructure.
However, in this study on bitcoin there is a critical eye on the bitcoin benefits for payments, as the authors explain that they don’t believe the immutability of the blockchain to be a good thing for money transactions. 
“Having written three reports on the topic of blockchain, one common theme we have observed is the limited use-cases for the peer-to-peer transfer of value due to a number of issues including scalability, network adoption and lack of a legal/regulatory framework for dispute resolution.”
 

Universal Wallet for Digital Currencies

Bitcoin and other digital currencies can be store in a universal wallet where you can manage and store in a safe way different kinds of cryptocurrencies, such as Bitcoin, Peercoin, Ethereum, Dogecoin, Litecoin, Blackcoin and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Satoshi
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14 Jun 0

5 reasons Bitcoin price is rising

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Reasons Bitcoin Price is rising

The bitcoin price keeps rising and it is reaching the value of $700, growing more than 20% during the weekend.
Today, in fact, the Bitcoin price is $695, according to Coindesk and it seems it doesn’t want to turn back.
Experts are trying to provide several reasons for this rise, including the Chinese Domain and the halving of miners rewards.
Below you can read the 5 reasons Bitcoin price is rising so fast:

Halving of Rewards

In July it will take place the event of the halving of the miners rewards: the mining process, in fact, will be rewarded 12.5 BTC per block, instead of the previous amount of 25 BTC.
This process called halving is aimed at preventing a digital currency inflation by reducing the amount of new currency created over time, until it reaches it maximum amount of 21 million bitcoin ever created.

More interests in the Blockchain

Another reason could be the growing interest in the Blockchain by several worldwide companies such as Microsoft, IBM and more.
As the interest in the different applications of the distributed ledger is growing, more and more people start to approach bitcoin too.

Chinese Domain

As we tried to explain into this blog post, one of the possible reasons of the rise of the Bitcoin Price is the increase of the Chinese domain.
In fact, its price in CNY on the local exchange is growing up quickly, reaching more than the current bitcoin price.
Joe Lee, founder at the trading platform called Magnr, explained:
“Capital flight continues as the IMF (International Monetary Fund) is now signalling warnings at the increasing default risk against China’s corporate debt. China’s economy is changing rapidly and debt fueled growth can only be sustained for so long.”

FIAT Currencies Flow

Another reason why the Bitcoin price is growing could be a fiat currencies flow.
This is the point of view of Chris Burniske, who explained:
“What this implies to me is we have lots of new fiat money flowing into bitcoin, and bitcoin’s price action is not being driven by people swapping out of ether, which we’ve often seen before.”

UK out of Europe

Other bitcoin experts explained that another possible reason could be the fear that the UK could leave the UE.
A recent survey showed that 52% want this split, while 33% prefer that it remains.
This is the same thing happened when it appeared that Greece would leave the European Union: for this reason the bitcoin price hit about $300.

Universal Wallet

If you have to different cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, etc., you need to have different wallets, which is difficult to handle.
This is why HolyTransaction create an Universal wallet where you can store all your digital currencies within a single account.
So, do you want to store Bitcoin and other cryptocurrencies?

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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21 Apr 0

How Twitter can teach you about Bitcoin

Twitter is one of the most popular social networks in the world and there are over 307 million people that actively use Twitter.
Also, the greatest part of Bitcoin experts has a Twitter account; and this is a fact.
So, this is why you will find lots of info about Bitcoin on Twitter; you just need to follow the right people and bloggers.
Below you can read the full list of influencers you may need to follow on Twitter to deeply understand bitcoin and the blockchain.
This list was identified using measures like the followers number, engagement frequency, amplification, quotes by important writers, etc.

TOP INFLUENCERS

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Amelia Tomasicchio
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21 Mar 0

Hitachi is studying the Blockchain

Some days ago the Japanese company Hitachi announced that it will open a research laboratory in the US that will study the blockchain ledger and its possible applications.
The lab will partner with Hitachi technology innovation division and it will be opened next month in Santa Clara, California.Hitachi wants to use the research laboratory to work on some projects for its customer base.

In a press release, Hitachi explained:

“By establishing the Financial Innovation Laboratory in the Silicon Valley, Hitachi will accelerate research [and] development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions.”

 

Hitachi partners with Hyperledger

This statement follows a previous company’s news related to the blockchain: in fact, in February Hitachi joined the Hyperledger Project, an advaced blockchain technology that aims at “identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.”

The Hyperledger Project is a Linux Foundation collaborative project that stars some of the most important companies in the world, including IBM, J.P. Morgan, Fujitsu and many more.

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