Blockchain in the Government Market 2022 – 2028: High Demand for Transparency and Decentralized Management – EIN News | Omd Cialis

Market Size – $189.2 million in 2018, Market Growth – CAGR of 81.0%

NEW YORK CITY, NEW YORK, U.S., Aug. 3, 2022 /EINPresswire.com/ — The global blockchain government market is expected to reach $22.03 billion by 2026, according to a new report from Reports and Data. Blockchain brings digital technology to the management of real-time computing systems. The market has the ability to transform aspects of digital technology, including the way business is done, improving education, healthcare delivery, shopping, learning, social media and entertainment.
Blockchain technology in the government sector uses the services to build transparent, open and collaborative networks. The technology is a potential vehicle to improve government services and stimulate more transparent relationships between government and citizens. Technology is working dramatically to streamline the business process through secure and more efficient data sharing.

There are numerous possible applications of blockchain in the government market. Through this technology, government can eliminate bureaucracy, reduce waste, prevent tax fraud and improve the way it delivers services. Digital cash transactions can help transform financial transactions between government and its citizens.

Increasing concerns about corruption and bureaucracy can be eliminated through the application of blockchain in government. Distrust of the government’s services to solve problems effectively and provide services to citizens is a basis of public perception. Blockchain in government creates a trusted environment for regulatory activity, and efforts are being made to combat slow, expensive, multi-step processes that require multiple intermediaries.

In June 2018, the EUIPO and the European Commission organized a “Blockathon” competition in Brussels, where 11 teams of programmers created a series of blockchain solutions to fight counterfeiting, relying on the support of legal, intellectual property specialists and anti-counterfeiting.

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Top 10 in Government Blockchain Market report:
• IBM
• SAP
• Oracle
•Microsoft
• Accenture
• Infosys
• AWS
• Deloitte
• Intel
• Ripple

Market segmentation:
Vendor Outlook (Revenue, $Bn; 2016-2026)
• Application Provider
• Middleware Provider
• Infrastructure Provider

Bid Outlook (Revenue, $Bn; 2016-2026)
• Payments
• Poll
• Smart Contracts
• Asset registration
• Identity Management
• Other

Type Outlook (Revenue, USD bn; 2016-2026)
• Public Blockchain
• Private Blockchain
• Consortium Blockchain
• Hybrid blockchain

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Key takeaways from the Blockchain in Government market report:
• A comprehensive overview of the global blockchain in government market.
• Accurate market forecasts in terms of market size, market share and volume.
• Thorough study of global market dynamics such as: B. Key revenue growth drivers of the market, opportunities, threats, challenges, restraints, and future growth avenues.
• In-depth analysis of upcoming market trends.
• Qualitative and quantitative analyzes of the Blockchain in Government market.
• In-depth study of the leading regional markets in the Blockchain in Government market.
• Complete overview of the competitive landscape of the market.
• Brief look at company profiles and portfolios.

Major Regional Markets Covered in the Report:
• North America
oh USA
o Canada
Oh Mexico

• Europe
Oh Russia
o Great Britain
Oh Germany
Oh France
o BENELUX
o Rest of Europe

• Asia Pacific
Oh China
Oh Japan
Oh India
Oh South Korea
o Rest of Asia Pacific

• Latin America
Oh Brazil
o Rest of Latin America

• Middle East and Africa
o Saudi Arabia
o United Arab Emirates
O Israel
o Rest of Middle East and Africa

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About reports and data
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