Mediaboss Marketing

PRESS RELEASE

Published April 24, 2023

The Worldwide Blockchain as a Service Market size was estimated at USD 829 million in 2021 and is expected to hit around USD 84.6 billion by 2030, expected to grow at a CAGR of 60.31% during the forecast period 2022 to 2030.

Blockchain as a Service (BaaS) has enabled companies of all sizes to employ blockchain-based solutions without investing in internal development teams and processes. Businesses can utilize the service of the blockchain provider and build blockchain apps for very little money by using the BaaS paradigm.

Several reasons are driving the blockchain as a service market. The growing use of blockchain technology across a variety of sectors, such as finance, healthcare, and logistics, is one of the key motivators. BaaS makes it possible for businesses to leverage blockchain technology without having to make substantial infrastructure and hardware investments. The rising demand for transparent and secure data management systems is another factor. BaaS can offer a safe and open platform for data sharing and storing, which can help businesses increase productivity, cut costs, and manage risk.

The blockchain as a service market is expanding as a result of the advent of smart contracts. Smart contracts can automate intricate procedures like financial transactions and supply chain management, obviating the need for middlemen and increasing productivity. Finally, the blockchain as a service market business is also being driven by the growing popularity of cloud computing. Blockchain technology may now be used by businesses from anywhere in the globe thanks to cloud-based solutions, facilitating data sharing and collaboration between various platforms and devices.

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Key players:

The blockchain as a service market is developing quickly, and a number of new trends are influencing the sector. The growing emphasis on interoperability and standardization is one of the major themes. As more businesses implement blockchain technology, it is crucial to ensure that various platforms can efficiently connect. The increasing need for decentralized finance (DeFi) solutions is another trend. DeFi makes it possible to perform financial transactions on a decentralized network without the use of mediators. BaaS can offer a reliable and effective platform for DeFi solutions, making transactions quicker and more affordable.

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Market Segmentation:

Blockchain as a Service Market,Based on End-User:

Blockchain as a Service Market,Based on Application:

Blockchain as a Service Market,Based on Organization Size:

Blockchain as a Service Market,Based on Verticals:

Blockchain as a Service Market,Based on Region:

North America

Europe

APAC

MEA

Latin America

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Key benefits of the Report:

Table of Contents: Blockchain As A Service Market

Chapter 1: Overview of Blockchain As A Service Market

Chapter 2: Market Driving Factor Analysis

Chapter 3: Global Market Status and Forecast by Regions

Chapter 4: Global Market Status and Forecast by Types

Chapter 5: Market Competition Status by Major Manufacturers

Chapter 6: Major Manufacturers Introduction and their Market Data

Chapter 7: Upstream and Downstream Analysis

Chapter 8: SWOT Analysis, PESTEL Analysis, PORTE 5 Forces.

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Sales Channels, Distributors, Traders, and Dealers

Chapter 11: Marketing Status Analysis

Chapter 12: Market Report Conclusion

Chapter 13: Blockchain As A Service Market Research Methodology and Reference

Chapter 14: Appendix

About Us:

Factual Market Research is a one stop industry research provider of actionable intelligence. Through our syndicated and consulting research services, we assist our clients in finding answers to their research needs. We specialize in 20+ industries. Visit our website to know more in detail about your industry. Factual Market Research provides unmatched quality Market Research Reports and Business Intelligence Solutions.

Tohelpitsclientsmakesmartbusinessdecisionsandexperiencesustainedsuccessintheirparticularmarketsegments,FMRoffersbusinessinsightsandconsulting.

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Blockchain As A Service Market is expected to Exhibit a Massive ... - Digital Journal

Source: Akarat Phasura - Shutterstock

For the last couple of weeks, the talk of the tech town has been on the developments around artificial intelligence (AI). From the looks of it, other than possibly destroying humanity, the new technology will much like cryptocurrencies revolutionize billion-dollar industries and make users wealthy.

Keeping with the developing times, VeChain developers are looking into AI and how it can possibly integrate it into its existing tech to be a cutting-edge project. As confirmed on Friday, VeChain developers are exploring OpenAI. The firstimplementation will be a human-readable description of decoded contracts.

The developers are calling on the community to share their thoughts as the project looks to tap into the billion-dollar AI industry. Industry experts such as McKinsey, AI may deliver an additional $13 trillion to the economy by 2030.

Smart contracts have been around for years and can be executed on the VeChain network. The smart contracts and DApps are built on top of it and are applied to logistics, supply chain management, and other industries to help these industries enhance their operations. AI can further advance the network and these industries at large. As AI goes mainstream, this could further the adoption of the project and its native token VET.

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Arguably, blockchain and AI are two of the most innovative technologies in the last decade. It is now a race between projects to find an intersection of distributed ledger that allows for secure, transparent, and tamper-proof applications and the tech that enables machines to assist humans and make intelligent decisions. VeChain hopes to get ahead of the curve by using the leading AI company OpenAI with the VeChain revolutionary technology. To start off, AI can improve the operational efficiency, information accuracy, and data security of the VET blockchain.

It is widely known in the crypto community that the best projects focus on building during the bear and bull markets. Despite VET prices slumping, CNF has continuously reported on the numerous positive developments around the VeChain network.

In all its developments, VeChain has indicated that it will continue to work with governments in Europe with VET having compliance built-in into its architecture. The comprehensive MiCA framework on digital assets has been hailed by prominent crypto personalities due to clear rules for crypto token issuers, traders, and crypto platforms.

Read More: VeChains Billion-Dollar Industry Set to Build on Foundation Laid by EUs MiCA Regulation

At the time of press, VET is exchanging for $0.02241. The digital asset is under pressure, shedding around 14 percent in the last 7 days. Investors are optimistic that the token will turn it around and end the year on a new high and the numerous developments point to this possibility.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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VeChain explores Billion-$-KI industry with OpenAI - Crypto News Flash

Decentralized finance (DeFi) is one of the largest sectors in crypto. The applications within the DeFi space consist of decentralized trading, borrowing and lending, and many more financial services. However, even with its rising popularity, the sector has many obstacles to overcome before mass adoption is possible.

The growth of DeFis popularity was volatile and quick, which follows suit with the overall development of the crypto industry. During the peaks of 2021, the sector saw almost $180 billion in total value locked in the many protocols that still exist today. Of course, the DeFi space also got hit by the crypto winter.

Recently, DeFi stood out in the market upturn during the first quarter of 2023. The DeFi space rose $29.6 billion in value, making the sector stand out against the performances of major asset classes like gold and oil.

The popularity of DeFi can be attributed to the increasing amount of decentralized applications (DApps) and the flow of users from centralized to decentralized exchanges, among other reasons. However, while the increasing popularity is a positive development, there are some caveats.

One of the caveats is the rising transaction costs once more users start using a network. Investors experienced this during the bull market in 2021; the Ethereum (ETH) network saw a large influx of transactions, mainly happening within the DeFi space. The result was steeply rising transaction costs on the network. Sending crypto became so expensive that users faced a significant barrier to interacting with DeFi DApps.

Another risk is that of vulnerabilities such as smart contract back door keys, massive centralization on single contracts, and counter-party risks of custodial stablecoins. With numerous bridge hacks plaguing the space, and failures of algorithmic protocols such as Terra, using DeFi DApps is certainly not without risk. However, the industry keeps evolving, with many new platforms aiming to improve the issues and challenges current DApps deal with.

Thanks to the continuous development since its foundation in 2017, Bitcoin Cash (BCH) can also perform as a vibrant environment for smart contract deployment and the creation of DeFi DApps on its UTXO mainchain. One new project that has recently launched is BCH Bull.

With the help of the AnyHedge protocol, BCH Bull lets users create long or hedge positions on several assets, such as the United States dollar, Bitcoin (BTC) and gold. Users can even add leverage to their on-chain trades. Roger Ver, a well-known Bitcoin Cash supporter and early investor in AnyHedge, said about this use case: Allowing people to permissionlessly lock the value of their Bitcoin Cash to the price of external legacy currencies is an incredibly useful tool for people who dont want to deal with cryptocurrency price volatility. Thats why I chose to invest in AnyHedge.

Source: BCH Bull

The main difference between comparable apps on Ethereum is that each trade has its own independent smart contract. Once two traders agree on the terms, the smart contract is initiated. This eliminates centralized security risks for smart contracts.

Furthermore, the UTXO-based protocol of Bitcoin Cash prevents high transaction fees and makes the chain scalable, meaning fees dont increase even if the transaction volume on the network increases.

Since October 2022, BCH Bull has been in beta, in which it has already created and redeemed over 3,000 smart contracts. The project has now been released into full production mode this month. Its growing user base can now initiate up to 90-day-long contracts at 2~3x the previous contract size, enjoying the security and scalability that Bitcoin Cash offers.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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Bitcoin Cash (BCH) is now home to an innovative leverage trading app - Cointelegraph

Cryptocurrencies rapidly evolve with new projects leveraging advanced technologies to create new use cases for a range of industries. Amidst the markets volatility, some cryptocurrencies have demonstrated strong potential for significant growth and adoption. This article explores the top innovative cryptocurrencies to watch in the coming months and years.

According to arecent research reportby brokerage firm Bernstein,the collapse of FTX acted as a catalyst for a new bullish cycle. Decentralization and self-custody wallets were emphasized in the report as crucial for investors in digital assets. It also notes that macro triggers are coming together for the largest crypto projects. These factors include the vulnerability of U.S. regional banks, deposit outflows towards money-market funds, and concerns about the centralization of money among the big four U.S. banks. Analysts anticipate crypto to become a safe-haven asset in case of any dislocation on the banks credit or sovereign side.

Several positive factors align in the new crypto cycle, which is not yet fully-appreciated. The report listed various factors, such as macro catalysts including successful blockchain upgrades and the triumph of scaling projects like Arbitrum (ARB-USD).

The following three innovative cryptocurrencies have distinct features that make them attractive to investors seeking promising and cutting-edge digital currencies to watch. While crypto remains a risky sector, the potential for growth and adoption makes these three tokens top contenders in the coming months and years.

Source: Shutterstock

Cardano(ADA-USD) is a promising cryptocurrency with solid potential for growth and adoption. Developed by Charles Hoskinson, Cardano aims to become a stronger decentralized, scalability, and security player.

Cardanos engineers use peer review to improve its decentralization, scalability, and security, resulting in fewer glitches. The Hydra upgrade, currently in development, will increase volume and speed, reducing congestion on the leading network.

Cardano recently achieved a total value-locked record of over $136 million in its native token, ADA, indicating ongoing development and adoption. Plutus scripts, which enable smart contract functionality on Cardano, have surged roughly 200% over the past year to more than 5,000. Additionally,Electric Capitalsyearly developer reportindicates a 16% rise in full-time developers, implying an increasing number of users on the platform.

Cardanos price has increased by approximately 50% this year. If its network continues gaining users and successfully launches Hydra, it has the potential to exceed its previous price peak of over $2.90.

Cardanos innovative approach, unique features, and promising future make it a solid investment choice. While crypto remains a risky sector, Cardanos potential for growth and adoption makes it one of the best cryptocurrencies to watch in the coming months and years.

Source: Sittipong Phokawattana / Shutterstock.com

Bitcoin(BTC-USD), the original cryptocurrency, has maintained its position as the top digital currency in the market due to its intrinsic characteristics. Bitcoin has been one of the best long-term investments, returning more than 44,000% over the past decade. Much of this can be tied back to Bitcoins code, which provides a feature that ensures increasing scarcity, with only 21 million bitcoins set to enter circulation. About 19.35 million coins are in circulation, and the remaining will gradually enter the market untilthe last bitcoinis mined.

Unlike fiat currencies controlled by central banks, Bitcoin is entirely decentralized and highly secure. Bitcoins supply rate is growing extremely slowly, making it more attractive as a hedge for investors looking to protect themselves against inflation. Additionally, this tokens longevity and widespread adoption have cemented its position as a top cryptocurrency to watch.

Despite other innovative and promising cryptocurrencies emerging recently, Bitcoin has continued to hold its own. Its unique features, combined with its widespread adoption, make it an exciting asset for cryptocurrency investors. It offers a store of value and potential for continued growth and adoption. What more can you ask for?

Source: viktoryabov / Shutterstock.com

Ethereums(ETH-USD) value proposition differs from Bitcoin, as it offers a vast range of use cases through smart contracts. Its launch in 2015 revolutionized the cryptocurrency economy, by allowing developers to program specific actions based on conditions met. That transformed Ethereum into programmable internet money. Smart contracts make transactions independent of any centralized authority, providing Ethereum investors with a unique value proposition.

The introduction of smart contracts in 2015 created a revolutionary new sector, known as decentralized finance (DeFi). Smart contracts enabled developers to optimize traditional financial processes like lending, eliminating the need for banks. The versatility of smart contracts also makes cryptos applicable to various industries. Consequently, Ethereum has rewarded investors with generous returns, outperforming Bitcoin over the past five years, with impressive growth of more than 180%.

The Shapella upgrade,which has recently gone live, is considered a significant milestone for Ethereum. It aims to enhance the platforms security, decentralization, and scalability. It is yet another instance of how the development team behind Ethereum keeps improving the platform.

Overall, Ethereums native token, Ether, has surged by more than 50% year-to-date. Ethereum blockchain fees have tripled since the collapse of FTX, indicating renewed investor interest in the platform. And the latest upgrade is also leading to an increase in interest. Therefore, everything seems to be on the up and up for Ethereum.

And if you like this list,here is a more expansiveone to excite you!

On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

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The 3 Most Innovative Cryptocurrencies to Keep an Eye On - InvestorPlace

PRESS RELEASE

Published April 24, 2023

The Automotive Blockchain Market is expected to value $429.51 million in 2020 and is projected to reach $ 5.63 billion by 2030, registering a CAGR of 29.7%.

By switching from a centralized to a decentralized system, blockchain technology, which is still a relatively new technology, has the potential to totally transform the automotive sector. With the introduction of blockchain to the sector, third-party middlemen, whose services are currently necessary in the automotive business, wont be needed. The operations of the automobile industry, including design, production, distribution, marketing, sales, finance, and service of vehicles, will become more flexible thanks to blockchain technology and will also significantly aid in the expansion of the sector.

Increases in e-mobility and on-demand services, the popularity of car/ride sharing among young urban customers, rising auto sales globally, lower operating costs, and the need for quicker transactions are the driving forces behind the expansion of this sector. Opportunities for the market include the growing use of blockchain in logistics and transportation, the creation of new business models for the automotive aftermarket, and the growing optimization of car recalls in the US. The integration of blockchain interfaces with current systems for applications like peer-to-peer trading, creating smart contracts, and other prospective blockchain applications in the automotive industry is a hurdle for international blockchain operators.

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Both primary and secondary research methods have been used to evaluate the future of the blockchain in the automotive industry. The precise worth of the Blockchain in Automotive Market is validated by this reports in-depth qualitative and quantitative assessments. Primary interviews, surveys, and vendor briefings are all a part of the qualitative study. The following paper discusses their revenues and provides an estimate for the size of the blockchain in the automotive market from 2022 to 2030 based on secondary research. The main sources are then used to validate and verify the data.

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Market Segmentation:

Automotive Blockchain Market, By Application

Automotive Blockchain Market, By Provider

Automotive Blockchain Market, By Mobility

Automotive Blockchain Market, By Region

North America

Europe

Asia-Pacific

Lamea

Request for customization:

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Key Benefits of the Report:

Table of Contents: Automotive Blockchain Market

Chapter 1: Overview of Automotive Blockchain Market

Chapter 2: Market Driving Factor Analysis

Chapter 3: Global Market Status and Forecast by Regions

Chapter 4: Global Market Status and Forecast by Types

Chapter 5: Market Competition Status by Major Manufacturers

Chapter 6: Major Manufacturers Introduction and their Market Data

Chapter 7: Upstream and Downstream Analysis

Chapter 8: SWOT Analysis, PESTEL Analysis, PORTE 5 Forces.

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Sales Channels, Distributors, Traders, and Dealers

Chapter 11: Marketing Status Analysis

Chapter 12: Market Report Conclusion

Chapter 13: Automotive Blockchain Market Research Methodology and Reference

Chapter 14: Appendix

About Us:

Factual Market Research is a one stop industry research provider of actionable intelligence. Through our syndicated and consulting research services, we assist our clients in finding answers to their research needs. We specialize in 20+ industries. Visit our website to know more in detail about your industry.

Factual Market Research provides unmatched quality of Market Research Reports and Business Intelligence Solutions. Inordertohelpitsclientsmakesmartbusinessdecisionsandexperiencesustainedsuccessintheirparticularmarketsegments,FMRfocusesonofferingbusinessinsightsandconsulting.

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Automotive Blockchain Market is expected to represent Significant ... - Digital Journal