Study: Blockchain Supply Chain Market to Reach Over $9B by 2025
The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8.
AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure.
By industry vertical, the retail sector is forecasted to lead in terms of contribution to the total market revenue from 2018 to 2025, although the healthcare industry will purportedly see the highest CAGR over the projected period. Those industries are accompanied by manufacturing, food and beverages, and oil and gas as the major contributors to the blockchain supply chain market.
Based on geography, AMR considers North America to be the most advanced region in terms of infrastructure and technology adoption, while the Asia Pacific region is expected to register the CAGR highest growth of 90.4% for the blockchain supply chain market during the forecast period.
Tron Says Protestors at Beijing Office Invested in Imposter Scheme
The price of Tron dropped precipitously Monday on inaccurate rumors of a “police raid” at the company’s office in Beijing. The real story, however, was far more interesting.
According to an official company post, the police arrived to protect the office from “people [who] were deceived by the so-called ‘Wave Field Super Community,'” a group that used the “Chinese-language version of TRON’s name to defraud investors.” The victims called Tron itself a scam and cited the alleged suicide earlier this month of one investor in Wave Field Super Community.
“The victims had been promised high rates of return on their investments in the name of TRON, BitTorrent and uTorrent,” the company wrote.
The bilked investors also stormed the wrong place. According to Tron, they approached the office of Raybo Technologies, a Tron affiliate that seems to have filed a number of U.S. trademarks for various Tron-related phrases.
Investor Fortress Will Buy Mt Gox Creditor Claims for $900 Per Bitcoin
Creditors of Mt Gox waiting to get their bitcoin back from the long-defunct exchange can now get pennies on the dollar by selling their claims to Fortress Investment Group.
In a letter sent to creditors, Michael Hourigan, a managing director at the New York-based private equity firm, said he is purchasing these claims for a bitcoin investment vehicle the firm operates.
Mt Gox collapsed in 2014 after some 850,000 bitcoins disappeared from the exchange’s servers. While the exchange entered bankruptcy at the time, its status switched to civil rehabilitation last year.
Creditors of the exchange hoped that they would receive their missing bitcoin after the switch, rather than the cash equivalent at the time of the exchange’s collapse. The case is currently sitting before the Tokyo District Court.