In terms of blockchain patents, India is sixth in the list
According to Linkedin, blockchain and artificial intelligence (AI) are the emerging job skills in India
Nike to launch blockchain-powered sneakers
Blockchain technology is currently disrupting every possible sector in India and it’s one of the most high-demand technologies in the job market as well. As per NASSCOM Avasant India Blockchain Report 2019, in terms of blockchain patents in the world, India is now ranked sixth. Almost 50% of Indian states have expressed their enthusiasm towards blockchain adoption. Today, the technology has forayed into every sector possible, including public sector, BFSI, healthcare, governance, and energy among others.
In the insurance landscape, the global market is valued at $75.12 Mn in 2018, growing at a compound annual growth rate (CAGR) of 78.2%, the blockchain market is expected to touch $7.6K Mn by 2026, between 2019 to 2026.
According to a report titled ‘Blockchain In Insurance Market Size and Forecast to 2026, Breakdown Data by Manufacturers, Key Regions, Types and Application,’ it predicted the scope of the market, opportunities, restraints and challenges that exist in the insurance industry. The blockchain in the insurance market is expected to grow at a significant rate in the coming years.
Graph Of The Week:
It’s a fallacy that blockchain is only applicable for cryptocurrencies. As shown in this graph, the potential applications for blockchain extend across sectors and operations.
Blockchain News This Week
Here are the biggest blockchain-related headlines from India and the world.
Blockchain has moved rapidly up. It did not figure in last year’s report, which was led by machine learning engineer,…