| | November 20176CIOReviewThe global blockchain technology market is expected to reach USD 7.74 Bn by 2024, according to a new report by Grand View Research.The increasing adoption of the technology in the financial services sector and expected adoption across the public sector and healthcare segments are few of the major factors that have fueled the demand for the blockchain market. The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative record keeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement. With the use of the blockchain technology, the databases could become universal in nature, allowing multiple institutions to use it at the same time to bring various different systems closer and increase the efficiency.Blockchain technologies are stepping up the game every passing day.. Since last year, especially in the financial services sector, one can see the U.S. and European capital markets moving onto blockchain platforms, and similar activity is happening in markets such as Japan. 2018 is predicted to see blockchain evolving from a digital currency infrastructure into a platform for digital transformation. As the year ends, the investments in blockchain technology continue to rise, denoting the potential of this technology to transform the way business is conducted. Deloitte predicts that blockchain may soon overtake other technologies such as cloud computing, data analysis and internet of things in venture capital investment. However, it may take long before attaining the level of hype that surrounded internet in the late 1990s.In this scenario, CIOReview has come up with a list of leading solution providers in the blockchain arena who are helping enterprises navigate the vast ecosystem and meet the challenges with powerful solutions.Let us know your thoughts!Copyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewNOVEMBER - 30 - 2017Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 November - 30 - 2017, Vol 06 SE 131 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com BLOCKCHAIN TECHNOLOGY SPECIALCIOReviewEditorial StaffSalesT: 510.972.5013Alex D'SouzaAaron PierceEileen SinghKenneth ThomasRussell ThomasShirley FaithVincentvincent@cioreview.comVisualizersFredrik ThomsonRenukesh GangurManaging EditorJeevan GeorgeEditorialFlying HighJeevan George Managing Editoreditor@cioreview.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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