Japan Blockchain Technology Market (2018-2023)
Blockchain technology is used to record Bitcoin transactions via a global network of computers. It is a continuously growing list of blocks (records) that are linked and secured using cryptography. Each new block created is connected to the previous block via a cryptographic Hash. Japan is trying to become the worlds Blockchain hub. Japan SBI (Strategic Business Innovator Group) is creating a venture capital fund to invest in Blockchain technology. The fund is expected to reach USD 450 Mn by mid-2018.
By industries, the Japan Blockchain market is divided into BFS (Banking Financial Service), Insurance, Supply Chain management, and healthcare. Banking and Financial Services holds the largest market share. Japan has developed digital customer IDs for the banking sector based on Blockchain technology. The three largest banks in Japan are the Bank of Tokyo-Mitsubishi UFJ (MUFJ), Mizuho and the Smitomo Mitsui Banking Corp, and they use Blockchain technology to view each others customer details upon approval. Ripple collaborated with 61 Japanese Banks and developed Blockchain Payment. Japan is also trying to apply Blockchain technology across various other domains. A major Japanese electricity company is collaborating with a start-up to test a peer to peer energy trading system.
After Cryptocurrencies gained recognition in Japan, the Japanese government disclosed various methods to evaluated Blockchain technology that would transform various industries.
Key growth factors:
o Japan has adopted the Blockchain technology for financial transactions and decided to use it to verify government tenders
o Japanese brokerage companies are planning to launch a consortium to drive the adoption of Blockchain technology in the industry. The goal is to boost efficiency and provide better customer service
o Blockchain technology will be widely used in the P2P energy market in order to ensure customers can trade electricity among themselves and automatically receive payment, hence allowing them to reap profits from their excess power
Threats and key players:
o Japan has made very progressive use of Blockchain technology across various domains. However, the country needs to pay more attention to security,and policy making to make maximum utilization of the technology
Whats covered in the report?
o Overview of the Japan Blockchain Technology Market
o The current and forecasted market size data for the Japan Blockchain Technology Market
o The current and forecasted market size data for the segments of the market, by industries BFS (Banking and Financial services), Insurance, Supply Chain, Healthcare, others
o Market trends in the Japan Blockchain Technology Market
o Market drivers and challenges in Japan Blockchain Technology Market
o Analysis of company profiles of major players operating in the market
o Get a broad understanding of the Japan Blockchain Technology Market and its segments- By industries
o Get region-specific drivers and challenges affecting the Japan Blockchain Technology Market?
o Recognize significant competitors business and market dynamics, and respond accordingly
With the given market data, offers customizations according to specific needs. .
1.1 Market scope and segmentation
1.2 Key questions answered in this study
1.3 Executive summary
Chapter 2: Introduction
2.1. Blockchain technology-Functionality
2.2. Blockchain application
2.3. Blockchain use cases
2.4. Value chain-Blockchain technology market
Chapter 3: Japan Blockchain Technology Market overview
3.1. Market overview- Key observations, global historical (2016-2017) and forecasted (2018-2023) market size (USD bn)
3.2. Market trends
3.3. Market drivers
Chapter 4: Japan Blockchain Technology Market by industries
4.1. Japan segmentation by BFS, Insurance, Supply Chain, Healthcare and other industries Industry overview, market share
Chapter 5: Company profiles
5.1. Coinhive (*)
o Company Snapshot
o Key People
o Financial Standing
o Blockchain Offering
o Focus Area
o Recent Initiatives
o Key Verticals
o Geographical Presence
(*) all the information are similar to the above company
Chapter 6: Start-up Company Overview
Chapter 7: Conclusion
7.1. Blockchain Opportunities
1. List of Tables
2. Research Methodology
4. About Netscribes Inc.
Disclaimer: The Table of Contents (ToC) provided above contains the targeted coverage. The coverage is subject to change as we progress with the research.
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