Blockchain Identity Management Market it connects the expansive validity of the Blockchain Identity Management market and configurations to a fundamental precision, experiences, and industry-substantiated estimations of the general Blockchain Identity Management market. Some of the prominent participants operating in this market are Amazon Web Services, Inc., Bitfury Group Limited, Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies, Inc., Coinfirm, Evernym, Inc., Factom, Existence ID, IBM Corporation, KYC-CHAIN LIMITED, Netki, Microsoft, Neuroware, OriginalMy.com, Peer Ledger, Inc., uPort, UniqID, Tradle, Oracle, ShoCard, Nodalblock among others.
Global blockchain identity management market is projected to register a CAGR of 52.5% in the forecast period of 2019 to 2026.
The blockchain identity management solution works by registering for global ID, followed by upload of know-your-customer (KYC) documents, verification of KYC documents, generating trust score of the individual and providing a digital ID. We can implement this solution over permissioned and permissionless networks, i.e., private and public networks respectively, although permissioned networks are more secure as it allows access based on the invites only.
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Blockchain identity management offers a secure and decentralized solution for digital identity enabling distributed trust model. The blockchain technology is transforming the existing identity management system by offering the self-sovereign identity over decentralized networks as sharing multiple IDs may lead to security concerns and data breaches. Since blockchain enables decentralization, it eliminates the aforementioned intermediaries between any interaction and communication. Blockchain technology helps improving the existing identity management by resolving the issues of identity theft, KYC onboarding, and lack of control over personal data.
In February, 2019, IBM unveiled its latest product portfolio for Internet of things (IoT) solutions which involve advanced analytics and artificial intelligence for assisting intensive organizations such as Metropolitan Atlanta Rapid Transit Authority.
In November, 2018, Amazon Web Services announced its 13 latest machine learning capabilities and services, which include 1/18 scale autonomous racing car for developers and a custom chip for machine learning inference.
In October, 2018, Civic Technologies, Inc. launched a new solution, Civic Connect. Civic Connect is an app-to-app integration which enables mobile apps to integrate Civic Secure Login and reusable KYC to authenticate users.
In April, 2018, BTL Group Ltd. announced the launch of Interbit platform for testing and feedback. Interbit is proprietary next-generation token free blockchain platform which is built to address the scalability and privacy shortcomings of blockchain platforms.
In November, 2016, Bitnation released marriage app on Ethereum Blockchain. The application went into Ethereum Hackathon. This application is a functional jurisdiction in a robust marriage contract, such as ability to choose code of arbitrator, law and create a sign, an escrow, timestamp or contract.
Table of Contents
1 Market Overview
2 Manufacturers Profiles
3 Global Blockchain Identity Management Market Competitions, by Manufacturer
4 Global Blockchain Identity Management Market Analysis by Regions
5 North America Blockchain Identity Management by Countries
6 Europe Blockchain Identity Management by Countries
7 Asia-Pacific Blockchain Identity Management by Countries
8 South America Blockchain Identity Management by Countries
9 Middle East and Africa Blockchain Identity Management by Countries
10 Global Blockchain Identity Management Market Segment by Type
11 Global Blockchain Identity Management Market Segment by Application
12 Sales Channel, Distributors, Traders and Dealers
13 Research Findings and Conclusion
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Key Benefits for Stakeholders from Blockchain Identity Management Market Report:
This report entails a detailed quantitative analysis along with the current global Blockchain Identity Management market trends to identify the prevailing opportunities along with the strategic assessment.
The Blockchain Identity Management market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Blockchain Identity Management industry.
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