Retail dominates booming blockchain supply chain space

The global blockchain supply chain market, valued at $93.16 million in 2017, is set to reach $9.85 billion by 2025, according to a study by Allied Market Research (AMR).

By industry vertical, retail is forecasted to lead the way in terms of contribution to total market revenue from 2018 to 2025, as the likes of Walmart and Target get onboard.

North America dominated the overall market in 2017, as the region is equipped with strong broadband access and presence of significant number of market players. It is considered to be most advanced in terms of infrastructure and technology adoption.

Asia Pacific, however, is on track to record highest growth CAGR during the forecast period on the back of ongoing developments in the major APAC countries, such as China, India, Japan and Singapore.