HTF MI recently introduced Japan Blockchain Technology Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Coinhive, JSECoin, Tidbit, Coinbase, BitPay etc.
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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 world’s 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 other’s 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
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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
Companies Mentioned in the Report
Coinhive, JSECoin, Tidbit, Coinbase, BitPay
What’s 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
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The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as Coinhive, JSECoin, Tidbit, Coinbase, BitPay. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
Have a look at some extracts from Table of Content
Introduction about Japan Blockchain Technology
Japan Blockchain Technology Market Size (Sales) Market Share by Type (Product Category) in 2017
Japan Blockchain Technology Market by Application/End Users
Japan Blockchain Technology Sales (Volume) and Market Share Comparison by Applications
(2013-2023) table defined for each application/end-users like [Payments, Exchanges,Identity management, Smart Contracts, Documentation, Supply Chain Management, Governance, Risk, and Compliance Management]
Japan Blockchain Technology Sales and Growth Rate (2013-2023)
Japan Blockchain Technology Competition by Players/Suppliers, Region, Type and Application
Japan Blockchain Technology (Volume, Value and Sales Price) table defined for each geographic region defined.
Japan Blockchain Technology Players/Suppliers Profiles and Sales Data
Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers
Market Sales, Revenue, Price and Gross Margin (2013-2018) table for each product type which include Public, Private, Hybrid
Japan Blockchain Technology Manufacturing Cost Analysis
Japan Blockchain Technology Key Raw Materials Analysis
Japan Blockchain Technology Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2018-2023)
……..and more in complete table of Contents
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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