USA Blockchain Enabled Record Issuing Platform Market

Analysts at Ken Research in their latest publication "USA Blockchain-Enabled Record Issuing Platform Market - A Technology Disruptor in Record/Certificate Issuing and Managing" observed that there is a vast opportunity to disrupt the traditional record Issuing space. The report discusses the creation & feasibility study of a blockchain-enabled records/certificate issuing platform that can utilize the immutable nature of the blockchain technology to securely issue records & certificates. The platform could be a real disruptor in the traditional field as it eliminates various costs like printing, admin, logistics & more. The report further discusses the use of case scenarios in the public & private sector, competition analysis of current players in the industry & end-user perception via survey analysis.

Industry Overview

In 2020P, emerging tech adoption will continue the upward trend with technologies like AI, blockchain & machine learning picking up the pace. Blockchain is supposed to have the biggest impact as data collection & its sanctity becomes of the utmost importance. It is expected that spend on blockchain around the world will increase 3.5X in the next 3 years at a CAGR of ~50%. Currently, blockchain has~ 2,500 patented products with the USA amounting to ~700 of those. Furthermore, the blockchain market size is expected to grow at ~30% in the coming 4 years.

Use case Segmentation

The report explores various use cases of a blockchain-enabled records/certificate issuing digital platform in the public & private sector while providing an in-depth analysis of their demographics, technology concerns & major pain points. In the public sector, we understand the utilization of the platform in four major segments, namely permits & licenses, user identification, vital documents & legal records. Furthermore, the report comprises 8 major industries such as BFSI, healthcare, education, energy & more

Business Risks Faced

The major risk faced for such a platform is Resistance to Change from the organizations, hence traditional industries will need to persistently reached & there is also a need for further reforms to change the ecosystem. Lack of Awareness amongst industry stakeholders would also require imparting necessary knowledge about blockchain & its uses in digital issuance of certificates & records. This type of platform is also way ahead of the current ecosystem. Though it provides a first-mover advantage to the creator of the platform the efficient business execution becomes an important consideration as it is important to curate different use cases for different end-users while planning strategic expansion & business models.

Product Planning & Strategies-The Way Forward

The report analyzes the product from its planning stage to its launch in the market. It starts with a feasibility study which helps in understanding the current pain points & current need while defining how such platforms can tackle the problem. From there it moves to product positioning strategies providing different ways of product offering, their features & evolving service portfolio & also promotion strategies focusing on adoption of such a platform with future adopters & other services to focus upon. Towards the end, it also provides a brief  idea about pricing & business model which contains different monetization model & pricing policies

Key Segments Covered (Use Case Analysis):

Public Sector

• Permits & Licenses
• User Identification
• Vital Documents
• Legal Records

Private Sector

• BFSI 
• Education
• Healthcare
• Business Services
• Manufacturing &  Retail
• Entertainment & Hospitality
• Telecom
• Energy

Key Target Audience

• Hardware Technology Manufacturers
• Software Technology Manufacturers
• Cloud Storage Providing Enterprises
• Public Institutions (Engaged in Issuance of Records)
• Online Education Providers (Ed-Tech Companies)
• IT Enterprises
• BFSI Enterprises
• Healthcare Enterprises
• Universities & Schools
• Hospitality & Entertainment Enterprises
• Blockchain Industry Associations
• Legal Service Providers
• Manufacturing Enterprises
• International Retail & maritime Shipment Providers
• Blockchain Technology Softwares Providers
• Engineering Service Providers

Time Period Captured in the Report:

• Historical Period: FY’2014-FY’2020
• Forecast Period: FY’2020-FY’2025

Companies Mentioned:

Blockchain Enabled Record/Certificates Issuing Companies

• Smart Certificate
• CloudCerts
• Blockeducate
• Block.Co
• Certy
• Certify
• Others include Blockcerts, Verisas & more

Key Topics Covered in the Report:

Analysis of Enterprise IT Infrastructure in USA

• IT Expenditure – Macro Overview
• IT Expenditure Breakdown
• Major Focus in IT Infrastructure Expenditure
• New Technology Trends which are expected to have the Biggest Impact 

Blockchain Technology Growth & Current Infrastructure

• Lifecycle of Blockchain
• Current Adoption of Blockchain Infrastructure
• End User Perspective towards Blockchain 

End-User Analysis of Blockchain-Enabled Record issuing platform

Public Sector Analysis & Use Cases

Private Sector Analysis & Use Cases

Competition analysis of current Blockchain-Enabled Record issuing platform covering Overview, API Analysis, Pricing Analysis, Platform Analysis

Perception-based Survey analysis of USA based enterprises

• Awareness of Blockchain & Security Needs
• Security a Priority for Entities Utilizing Digital Solutions
• Influencing Factors for Decision Makers
• Gap Analysis in Current Secured Digital Solutions
• Analysis of Current Digital Platform Usage
• Major Benefits Availed from Adoption of Secured Digital Solutions
• Analysis of Entities Utilizing Physical & Unsecured Methods 
• Analysis of Problems associated with Physical & Unsecured Issuance
• Adoption of a blockchain enabled record issuing  platform
• Mass Adoption of blockchain enabled record issuing  platform Dependent on Customized Features
• Subscription Model Analysis
• Availability of Customized Solutions

 Product Strategies & Overview

• Feasibility Study of a blockchain enabled record issuing  platform
• Exhaustive Industry basis Use Case Analysis
• Analysis of Product Features & Offerings
• Product Promotion & Assessment of Target Audience
• Pricing & Subscription Analysis