Abstract
Summary
The global blockchain interoperability market size is projected to grow from USD 0.3 billion in 2023 to USD 1.0 billion by 2028 at a CAGR of 27.2% during the forecast period. The market growth in blockchain interoperability is fueled by various factors, including the increasing demand for IBC to optimize the development and effectiveness of blockchain technology, the advancements in dApps, the growing need for seamless cross-chain asset transfers, and the emphasis on regulatory compliance and standardized practices.
“By vertical, the BFSI segment will grow at the largest market size during the forecast period.”
The BFSI (Banking, Financial Services, and Insurance) sector holds the largest market size in the blockchain interoperability market. This is due to the sector’s need for secure data exchange and efficient transactions. Additionally, blockchain technology provides transparency and enhanced security, making it an ideal solution for the BFSI industry. Moreover, interoperability enables seamless communication between multiple parties operating on different blockchain networks, facilitating cross-border transactions, interbank settlements, and insurance claims processing. Furthermore, the BFSI sector’s heavy regulation and compliance requirements drive the adoption of blockchain interoperability solutions. Thus, the BFSI segment holds the largest market size during the forecasted period.
“North America is expected to account for the largest market size during the forecasted period.”
Due to several key factors, North America is poised to have the largest market size. The region’s growth in this market is driven by the increasing adoption of blockchain technology across industries like healthcare, supply chain management, and finance. The need for secure and efficient data exchange between different blockchain networks also contributes to the market’s expansion. Moreover, established vendors from North America, including Oracle, R3, LeewayHertz, and GAVS Technologies, offer advanced blockchain interoperability products and services.
The US and Canadian governments also invest a reasonable sum of money in blockchain research and development. Also, the US National Institute of Standards and Technology (NIST) is actively involved in research and standardization efforts for blockchain interoperability. Furthermore, government agencies in the region are collaborating with blockchain companies to explore interoperable solutions for digital identity, voting systems, and intellectual property rights management. Thus, these factors account for North America having the largest market size during the forecast period.
“Asia Pacific is anticipated to account for the highest CAGR during the forecasted period.”
The Asia Pacific region is witnessing significant advancements in blockchain interoperability. Major developments include the Interledger Protocol (ILP), which connects various blockchain platforms and payment systems. The Asia Pacific Blockchain Alliance also promotes blockchain technology adoption and is actively working on projects emphasizing interoperability. Moreover, the Association of Southeast Asian Nations Blockchain Initiative facilitates seamless interactions among member states. Furthermore, the governments in the region, such as Australia, Singapore, and Japan, support blockchain interoperability through dedicated programs and strategies. These efforts recognize the importance of interoperability in unlocking the full potential of blockchain technology across industries and borders. Thus, the Asia Pacific region has the highest CAGR during the forecasted period.
Breakdown of primaries
The study contains various industry experts’ insights, from suppliers/software developers to OEMs and Tier 1 vendors.
The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level – 45%, Directors – 35%, and Managers– 25%
• By Region: North America – 35%, Asia Pacific – 30%, Europe – 25%, Middle East & Africa – 5%, Latin America – 5%
The key vendors in the global blockchain interoperability market include Oracle (US), R3 (US), GAVS Technologies (US), LeewayHertz (US), Ontology (Singapore), Inery (Singapore), Fusion Foundation (Singapore), Quant Network (UK), Band Protocol (Thailand), LiquidApps (Israel), LI.FI (Germany), Biconomy (Singapore), Datachain (Japan), RioDeFi (China), Polyhedra Networks (Italy), SupraOracles (US), Orb Labs (US), and ChainPort (Israel).
The study includes in-depth competitive intelligence covering company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the blockchain interoperability market and forecasts its size by solutions (cross-chain bridging, cross-chain APIs, federated or consortium interoperability, and other solutions), applications (dApps, digital assets/NFTs, cross-chain trading & exchange, and cross-chain messaging & data sharing), verticals (BFSI, healthcare, gaming & entertainment, IT & ITeS, telecommunications, food & agriculture, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall blockchain interoperability market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Demand for IBC to enhance growth and efficiency of blockchain technology, development in dApps), restraints (Technical challenges hindering blockchain interoperability, Scalability issues), opportunities (Enhanced collaboration and ecosystem development, Interconnected IoT), and challenges (Interoperability trilemma, Lack of awareness and understanding).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the blockchain interoperability market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the blockchain interoperability market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain interoperability market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Oracle (US), R3 (US), GAVS Technologies (US), LeewayHertz (US), Ontology (Singapore), Inery (Singapore), among others in the blockchain interoperability market strategies.
Table of Contents
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 27
1.3.1 MARKET SEGMENTATION 27
1.3.2 REGIONS COVERED 27
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 28
1.5 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.1.1 SECONDARY DATA 31
2.1.2 PRIMARY DATA 31
- 2.1.2.1 Breakdown of primary profiles 32
- 2.1.2.2 Key insights from industry experts 32
2.2 DATA TRIANGULATION AND MARKET BREAKUP 33
2.3 MARKET SIZE ESTIMATION 33
2.3.1 TOP-DOWN APPROACH 34
2.3.2 BOTTOM-UP APPROACH 34
2.4 MARKET FORECAST 38
2.5 COMPANY EVALUATION MATRIX METHODOLOGY: STARTUPS/SMES 39
2.6 ASSUMPTIONS 40
2.7 LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BLOCKCHAIN INTEROPERABILITY MARKET 46
4.2 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION, 2023 VS. 2028 46
4.3 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION, 2023 VS. 2028 47
4.4 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL, 2023 VS. 2028 47
4.5 MARKET INVESTMENT SCENARIO 48
5 MARKET OVERVIEW AND INDUSTRY TRENDS 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
5.2.1 DRIVERS 50
- 5.2.1.1 Demand for IBC to enhance growth and efficiency of blockchain technology 50
- 5.2.1.2 Development in dApps 51
- 5.2.1.3 Growing demand for cross-chain asset transfers 51
- 5.2.1.4 Regulatory compliance and standards 52
5.2.2 RESTRAINTS 52
- 5.2.2.1 Technical challenges 52
- 5.2.2.2 Scalability issues 53
5.2.3 OPPORTUNITIES 53
- 5.2.3.1 Enhanced collaboration and ecosystem development 53
- 5.2.3.2 Interconnected IoT 54
- 5.2.3.3 New market exploration and cross-border transactions 54
5.2.4 CHALLENGES 55
- 5.2.4.1 Interoperability trilemma 55
- 5.2.4.2 Lack of awareness and understanding 55
5.3 CASE STUDY ANALYSIS 55
5.3.1 BLOCKCHAIN TRANSFORMED SUPPLY CHAINS THROUGH INTEROPERABILITY AND COLLABORATION 55
5.3.2 ROUTER CHAIN FACILITATED CROSS-CHAIN GOVERNANCE AND INTEROPERABILITY IN BLOCKCHAIN NETWORKS 56
5.3.3 INTERCHAIN PROTOCOL’S CROSS-CHAIN INTEROPERABILITY ENABLED SEAMLESS TRADING ACROSS DIFFERENT BLOCKCHAIN NETWORKS 57
5.3.4 CROSS-BORDER SUPPLY CHAIN TRANSPARENCY ENHANCED VISIBILITY AND TRACEABILITY BY LEVERAGING BLOCKCHAIN TECHNOLOGY 58
5.3.5 INTEROPERABLE HEALTHCARE DATA EXCHANGE ENABLED EFFICIENT AND SECURE DATA FLOW 59
5.4 VALUE CHAIN ANALYSIS 60
5.4.1 RESEARCH AND DEVELOPMENT 61
5.4.2 INTEROPERABILITY SOLUTION PROVIDERS 61
5.4.3 BLOCKCHAIN NETWORK OPERATORS 61
5.4.4 APPLICATION SERVICES 61
5.4.5 EDUCATION AND CONSULTATION 61
5.4.6 INFRASTRUCTURE PROVIDERS 61
5.4.7 REGULATORY BODIES 61
5.4.8 END USERS AND STAKEHOLDERS 61
5.5 ECOSYSTEM/MARKET MAP 62
5.5.1 ECOSYSTEM 62
5.6 PORTER'S FIVE FORCES ANALYSIS 63
5.6.1 THREAT FROM NEW ENTRANTS 64
5.6.2 BARGAINING POWER OF SUPPLIERS 64
5.6.3 BARGAINING POWER OF BUYERS 64
5.6.4 THREAT OF SUBSTITUTES 65
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 65
5.7 PRICING ANALYSIS 65
5.8 TECHNOLOGY ANALYSIS 67
5.8.1 ARTIFICIAL INTELLIGENCE/MACHINE LEARNING 67
5.8.2 INTERNET OF THINGS 67
5.8.3 ANALYTICS TECHNOLOGIES 68
5.8.4 CRYPTO TRADING AND BLOCKCHAIN INTEROPERABILITY 68
5.8.5 INTEROPERABILITY PROTOCOLS 68
5.9 BLOCKCHAIN INTEROPERABILITY MECHANISM 69
5.10 BLOCKCHAIN INTEROPERABILITY APPROACHES/METHODS 69
5.10.1 SIDECHAINS 69
5.10.2 NOTARY SCHEMES 70
5.10.3 ORACLES 70
5.10.4 BLOCKCHAIN ROUTERS 70
5.10.5 PROTOCOLS 70
5.10.6 HASHED TIMELOCKS 71
5.11 PATENT ANALYSIS 71
5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 73
5.13 TARIFF AND REGULATORY LANDSCAPE 73
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 77
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
5.15 KEY CONFERENCES & EVENTS, 2023-2024 78
6 BLOCKCHAIN INTEROPERABILITY MARKET, BY PROTOCOL 79
6.1 INTRODUCTION 79
6.1.1 PROTOCOL: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 79
6.2 POLKADOT 80
6.2.1 NEED TO ENABLE SEAMLESS COMMUNICATION BETWEEN DIVERSE BLOCKCHAIN NETWORKS TO DRIVE MARKET 80
6.3 COSMOS 80
6.3.1 DEMAND FOR FRICTIONLESS CROSS-CHAIN ASSET TRANSFER TO DRIVE MARKET 80
6.4 AION 81
6.4.1 NEED FOR COMPREHENSIVE MULTI-BLOCKCHAIN FRAMEWORK AND ABILITY TO OVERCOME EXISTING BARRIERS TO PROPEL MARKET 81
6.5 WANCHAIN 82
6.5.1 RISING USE OF WCC TO BUILD INTEROPERABLE APPLICATIONS TO DRIVE MARKET 82
6.6 ARK 83
6.6.1 SMARTBRIDGES AND DPOS MECHANISMS TO MAKE ARK PROTOCOL FAST, SECURE, AND EASY-TO-USE 83
6.7 ICON 84
6.7.1 NEED FOR EASIER DATA TRANSFER AND CONNECT BLOCKCHAINS TO BOOST DEMAND FOR ICON PROTOCOL 84
6.8 CHAINLINK 84
6.8.1 NEED FOR DECENTRALIZED ORACLE NETWORK FOR BLOCKCHAIN INTEROPERABILITY TO DRIVE MARKET 84
6.9 REN 85
6.9.1 REN PROTOCOL TO BRIDGE BLOCKCHAINS TO TRANSFER ASSETS SEAMLESSLY 85
6.10 FUSION 86
6.10.1 HIERARCHICAL HYBRID CONSENSUS MECHANISM TO ENABLE DATA AND ASSET EXCHANGE AND CATALYZE BLOCKCHAIN INTEROPERABILITY 86
6.11 BLOCKNET 87
6.11.1 CROSS-CHAIN ATOMIC SWAPS, XBRIDGE TECHNOLOGY, AND DECENTRALIZED GOVERNANCE MECHANISMS TO BOOST DEMAND FOR BLOCKNET PROTOCOL 87
6.12 HARMONY 88
6.12.1 NEED TO ACCESS DAPPS, BUILD SMART CONTRACTS, AND HELP PLAYERS TRADE ASSETS TO BOOST MARKET 88
6.13 INTERLEDGER (RIPPLE) 89
6.13.1 NEED FOR SCALABLE AND SECURE PROTOCOL TO SEND PAYMENTS ACROSS DIFFERENT LEDGERS TO DRIVE MARKET 89
6.14 ALGORAND 90
6.14.1 PURE PROOF-OF-STAKE MECHANISM TO HELP ACHIEVE CONSENSUS 90
6.15 NEAR PROTOCOL 91
6.15.1 WELL-OPERATED AND MAINTAINED NEAR PROTOCOL TO ENSURE DECENTRALIZATION, RESILIENCE, AND SECURITY 91
6.16 QREDO 92
6.16.1 NEED TO INCORPORATE TRUSTLESS ATOMIC SWAPS AND DECENTRALIZED CUSTODY SOLUTIONS TO PROPEL MARKET 92
6.17 KYVE 93
6.17.1 DEMAND FOR EFFICIENT AND DECENTRALIZED DATA STORAGE AND INDEXING TO DRIVE MARKET 93
6.18 MULTICHAIN 94
6.18.1 NEED TO ESTABLISH STANDARDIZED FRAMEWORK FOR CROSS-CHAIN COMMUNICATION TO DRIVE DEMAND FOR MULTICHAIN PROTOCOL 94
6.19 NAORIS PROTOCOL 95
6.19.1 NEED TO FACILITATE SECURE DATA EXCHANGE TO DRIVE MARKET 95
7 BLOCKCHAIN INTEROPERABILITY MARKET, BY SOLUTION 97
7.1 INTRODUCTION 98
7.1.1 SOLUTION: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 98
7.2 CROSS-CHAIN BRIDGES 100
7.2.1 CROSS-CHAIN BRIDGES SOLUTION TO FACILITATE SECURE DATA TRANSFER THROUGH VARIOUS MECHANISMS 100
7.3 CROSS-CHAIN APIS 102
7.3.1 NEED FOR SEAMLESS TRANSFER OF DIGITAL ASSETS, DATA EXCHANGE, AND TRACKING AND VERIFICATION OF SUPPLY CHAIN DATA TO BOOST MARKET 102
7.4 FEDERATED OR CONSORTIUM BLOCKCHAIN 103
7.4.1 SEAMLESS TRANSFER OF ASSETS AND INFORMATION TO DRIVE DEMAND FOR FEDERATED OR CONSORTIUM BLOCKCHAIN SOLUTION 103
7.5 OTHER SOLUTIONS 105
7.5.1 ATOMIC SWAPS 105
7.5.2 BLOCKCHAIN ORACLES 106
- 7.5.2.1 Types of blockchain oracle 106
8 BLOCKCHAIN INTEROPERABILITY MARKET, BY APPLICATION 108
8.1 INTRODUCTION 109
8.1.1 APPLICATION: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 109
8.2 DIGITAL ASSETS/NFTS 110
8.2.1 BLOCKCHAIN INTEROPERABILITY TO HELP NFT USERS SEAMLESSLY TRANSFER ASSETS ACROSS BLOCKCHAIN NETWORKS 110
8.3 DECENTRALIZED APPLICATIONS 112
8.3.1 BLOCKCHAIN INTEROPERABILITY TO ENABLE DAPPS TO FACILITATE CROSS-CHAIN COMMUNICATION AND ASSET TRANSFER 112
8.4 CROSS-CHAIN TRADING & EXCHANGE 113
8.4.1 CROSS-CHAIN TRADING & EXCHANGE TO HELP IMPROVE EXPERIENCE AND REDUCE FEES 113
8.5 CROSS-CHAIN MESSAGING & DATA SHARING 114
8.5.1 CROSS-CHAIN MESSAGING & DATA SHARING TO FACILITATE TOKENS AND DIGITAL ASSETS TRANSFER 114
9 BLOCKCHAIN INTEROPERABILITY MARKET, BY VERTICAL 117
9.1 INTRODUCTION 118
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 119
9.2.1 DEMAND FOR CROSS-BORDER PAYMENTS, ASSET TOKENIZATION, AND KYC PROCESSES TO DRIVE MARKET 119
9.3 HEALTHCARE 121
9.3.1 NEED FOR SEAMLESS DATA EXCHANGE AND STREAMLINED APPROACH TO DRIVE DEMAND FOR BLOCKCHAIN INTEROPERABILITY 121
9.4 GAMING & ENTERTAINMENT 122
9.4.1 NEED TO TRANSCEND DIGITAL ASSETS, FOSTER INNOVATION, AND ENHANCE EXPERIENCES TO BOOST MARKET 122
9.5 IT & ITES 123
9.5.1 STREAMLINING DATA SHARING AND ENHANCING SUPPLY CHAIN MANAGEMENT TO DRIVE DEMAND FOR BLOCKCHAIN INTEROPERABILITY 123
9.6 TELECOMMUNICATIONS 125
9.6.1 SEAMLESS DATA EXCHANGE, INCREASED EFFICIENCY, AND ENHANCED SECURITY TO BOOST MARKET 125
9.7 FOOD & AGRICULTURE 126
9.7.1 NEED TO ACHIEVE TRANSPARENCY AND TRACEABILITY, AS WELL AS ENSURE AUTHENTICITY AND QUALITY TO PROPEL MARKET 126
9.8 OTHER VERTICALS 127
9.8.1 REAL ESTATE 128
9.8.2 MANUFACTURING 128
9.8.3 RETAIL & ECOMMERCE 129
9.8.4 GOVERNMENT 129
10 BLOCKCHAIN INTEROPERABILITY MARKET, BY REGION 130
10.1 INTRODUCTION 131
10.2 NORTH AMERICA 133
10.2.1 NORTH AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 133
10.2.2 NORTH AMERICA: RECESSION IMPACT 134
10.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 134
10.2.4 US 138
- 10.2.4.1 Government initiatives to promote blockchain interoperability solutions to drive demand 138
10.2.5 CANADA 141
- 10.2.5.1 IPFS initiative and investment by government to propel demand for blockchain interoperability solutions 141
10.3 EUROPE 144
10.3.1 EUROPE: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 144
10.3.2 EUROPE: RECESSION IMPACT 145
10.3.3 EUROPE: REGULATORY LANDSCAPE 145
10.3.4 UK 148
- 10.3.4.1 Partnership between National Archives and Open Data Institute to leverage adoption of blockchain interoperability solutions 148
10.3.5 GERMANY 151
- 10.3.5.1 Government initiatives and strategies to deploy blockchain interoperability to drive market 151
10.3.6 SWITZERLAND 153
- 10.3.6.1 Favorable regulatory environment and robust financial infrastructure to propel blockchain interoperability market 153
10.3.7 REST OF EUROPE 156
10.4 ASIA PACIFIC 159
10.4.1 ASIA PACIFIC: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 159
10.4.2 ASIA PACIFIC: RECESSION IMPACT 160
10.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 160
10.4.4 CHINA 164
- 10.4.4.1 Initiatives by People's Bank of China and creation of blockchain-based trade finance platform to drive market 164
10.4.5 JAPAN 167
- 10.4.5.1 Need to explore ways to break down data silos and enhance collaboration between blockchain networks to drive market 167
10.4.6 SINGAPORE 170
- 10.4.6.1 Need to enhance air travel operations to fuel demand for blockchain interoperability solutions 170
10.4.7 INDIA 173
- 10.4.7.1 Government initiatives and demand from healthcare sector to boost market 173
10.4.8 THAILAND 175
- 10.4.8.1 Thailand Blockchain Association to promote and provide training for blockchain interoperability 175
10.4.9 REST OF ASIA PACIFIC 179
10.5 MIDDLE EAST & AFRICA 181
10.5.1 MIDDLE EAST & AFRICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 181
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 182
10.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 182
10.5.4 MIDDLE EAST 185
- 10.5.4.1 UAE 185
- 10.5.4.1.1 Dubai Blockchain Strategy to leverage blockchain interoperability 185
- 10.5.4.2 Israel 186
- 10.5.4.2.1 National Blockchain Plan and other government initiatives to drive demand for blockchain interoperability solutions 186
- 10.5.4.3 Rest of Middle East 187
- 10.5.4.1 UAE 185
10.5.5 AFRICA 187
- 10.5.5.1 Collaboration among organizations and researchers to enable seamless communication and data sharing to boost market 187
10.6 LATIN AMERICA 188
10.6.1 LATIN AMERICA: BLOCKCHAIN INTEROPERABILITY MARKET DRIVERS 188
10.6.2 LATIN AMERICA: RECESSION IMPACT 188
10.6.3 LATIN AMERICA: REGULATORY LANDSCAPE 189
10.6.4 BRAZIL 192
- 10.6.4.1 Need for secure and transparent transactions and demand for open-source blockchain platforms to drive market 192
10.6.5 MEXICO 192
- 10.6.5.1 Government initiatives and rising demand for secure and transparent transactions to propel market 192
10.6.6 ARGENTINA 193
- 10.6.6.1 Research and development and collaboration with international organizations to drive demand for blockchain interoperability 193
10.6.7 REST OF LATIN AMERICA 193
11 COMPETITIVE LANDSCAPE 194
11.1 OVERVIEW 194
11.2 HISTORICAL REVENUE ANALYSIS 194
11.3 BLOCKCHAIN INTEROPERABILITY MARKET: RANKING OF KEY PLAYERS 195
11.4 MARKET SHARE ANALYSIS 195
11.5 EVALUATION QUADRANT FOR STARTUPS/SMES 196
11.5.1 PROGRESSIVE COMPANIES 196
11.5.2 RESPONSIVE COMPANIES 197
11.5.3 DYNAMIC COMPANIES 197
11.5.4 STARTING BLOCKS 197
11.6 COMPETITIVE BENCHMARKING FOR STARTUPS/SMES 199
11.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 200
11.8 COMPETITIVE SCENARIO 201
11.8.1 PRODUCT LAUNCHES & ENHANCEMENTS 201
11.8.2 DEALS 202
12 COMPANY PROFILES 205
12.1 KEY PLAYERS 205
12.1.1 ORACLE 205
12.1.2 R3 209
12.1.3 GAVS TECHNOLOGIES 212
12.1.4 LEEWAYHERTZ 215
12.1.5 ONTOLOGY 218
12.1.6 INERY 222
12.2 OTHER PLAYERS 225
12.2.1 FUSION FOUNDATION 225
12.2.2 QUANT NETWORK 226
12.2.3 BAND PROTOCOL 227
12.2.4 LIQUID APPS 228
12.2.5 LI.FI 229
12.2.6 BICONOMY 230
12.2.7 DATACHAIN 231
12.2.8 RIODEFI 232
12.2.9 POLYHEDRA NETWORK 233
12.2.10 SUPRAORACLES 234
12.2.11 ORB LABS 235
12.2.12 CHAINPORT 236
13 ADJACENT MARKETS 237
13.1 INTRODUCTION 237
13.2 LIMITATIONS 237
13.3 BLOCKCHAIN MARKET 237
13.4 DECENTRALIZED IDENTITY MARKET 242
14 APPENDIX 244
14.1 DISCUSSION GUIDE 244
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 248
14.3 AVAILABLE CUSTOMIZATIONS 250
14.4 RELATED REPORTS 250
14.5 AUTHOR DETAILS 251