Market Overview:
The global blockchain in metals and mining market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing adoption of blockchain technology in the metals and mining industry. Blockchain technology helps in reducing fraudulent activities, improving transparency, and enhancing security in the metals and mining industry. The use of blockchain technology helps companies reduce their processing time by providing a secure platform for data sharing among various stakeholders involved in the supply chain network. Some key players operating in this market are IBM Corporation (US), Microsoft Corporation (US), Bitfury Group Limited (US), ConsenSys LLC (US) ,and Chain Inc.(US).
Product Definition:
A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Blockchain technology can be used for metals and mining because it creates an immutable audit trail for tracking the movement of resources throughout the supply chain. This helps ensure that metal commodities are not adulterated or counterfeited, and also allows miners to track payments for their products.
Public Blockchain:
Public blockchain is a distributed database that can be read by all. It is public because it is shared with no restrictions or privacy settings. The information in this chain can be trusted because it has been cryptographically secured against tampering. This technology was first implemented for Bitcoin, which uses a public record-keeping system to facilitate payments between two parties without the need for a central bank or clearing house; instead, the network relies on users to validate and timestamp transactions themselves.
Private Blockchain:
Private blockchain is a permissioned network. Permissioned means only approved participants are allowed to join the network. In metals and mining industry, there are many applications of private blockchain such as sourcing provenance, tracking assets, registering intellectual property rights and others. The main purpose of this technology is to provide transparency in supply chain process by recording all the transactions very accurately without any errors which cannot be achieved through centralized control alone.
Application Insights:
The metal industry segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growing demand for metals such as aluminum, copper, zinc and nickel by various industries including automotive, consumer electronics and energy is anticipated to drive the growth of this application segment.
The mining industry also accounted for a significant share in 2017 owing to increasing investments by companies such as Bitmain Technologies Co., Ltd., BHP Billiton Limited (one of the largest mining companies), Vale SA (largest iron ore producer) among others in blockchain technology implementation. These companies are focusing on streamlining their supply chain network through digital technologies which will help them reduce costs while improving efficiency.
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this regional segment can be attributed to increasing government initiatives, rising investments by various companies, and growing awareness among end-users regarding the benefits offered by these technologies.
For instance, in September 2018, China's Ministry of Industry and Information Technology (MIIT) released a circular regarding ‘the application of distributed ledgers in manufacturing'. Similarly, Australia has announced its plans to adopt distributed ledger technology for land titles. Such government initiatives are anticipated to boost industry growth across countries such as China and India thereby contributing towards overall regional market growth during the forecast period.
In addition with it comes increased adoption across industries such as automotive & transportation; banking & financial services; food & beverage; healthcare; logistics & supply chain management among others thus creating opportunities for industry participants over the next eight years time frame.
Growth Factors:
- Increased transparency and immutability of the blockchain technology can help reduce fraudulent activities in metals and mining industry.
- The distributed ledger technology can help track the provenance of metals and minerals, from mine to market, which can add value to the supply chain process.
- Blockchain-based smart contracts could automate transactions and settlements in metals and mining industry, resulting in faster processing time and reduced costs.
- The security features of blockchain could prevent cyber attacks on metal mines and other related infrastructure, leading to improved safety standards across the sector .
Scope Of The Report
Report Attributes
Report Details
Report Title
Blockchain in Metals and Mining Market Research Report
By Type
Public Blockchain, Private Blockchain
By Application
Metal Industry, Mining Industry
By Companies
IBM, ING, Karuschain, MINESPIDER, Accenture, MineHub, Blockhead Technologies, Everledger, Minexx, Verisk, IBM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Blockchain in Metals and Mining Market Report Segments:
The global Blockchain in Metals and Mining market is segmented on the basis of:
Types
Public Blockchain, Private Blockchain
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal Industry, Mining Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- ING
- Karuschain
- MINESPIDER
- Accenture
- MineHub
- Blockhead Technologies
- Everledger
- Minexx
- Verisk
- IBM
Highlights of The Blockchain in Metals and Mining Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Public Blockchain
- Private Blockchain
- By Application:
- Metal Industry
- Mining Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blockchain in Metals and Mining Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. It is often used in metals and mining because it can help to track the movement of assets, prevent fraud and keep records of all transactions.
Some of the key players operating in the blockchain in metals and mining market are IBM, ING, Karuschain, MINESPIDER, Accenture, MineHub, Blockhead Technologies, Everledger, Minexx, Verisk, IBM.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blockchain in Metals and Mining Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blockchain in Metals and Mining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blockchain in Metals and Mining Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blockchain in Metals and Mining Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blockchain in Metals and Mining Market Size & Forecast, 2018-2028
4.5.1 Blockchain in Metals and Mining Market Size and Y-o-Y Growth
4.5.2 Blockchain in Metals and Mining Market Absolute $ Opportunity
Chapter 5 Global Blockchain in Metals and Mining Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blockchain in Metals and Mining Market Size Forecast by Type
5.2.1 Public Blockchain
5.2.2 Private Blockchain
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blockchain in Metals and Mining Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blockchain in Metals and Mining Market Size Forecast by Applications
6.2.1 Metal Industry
6.2.2 Mining Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blockchain in Metals and Mining Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blockchain in Metals and Mining Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blockchain in Metals and Mining Analysis and Forecast
9.1 Introduction
9.2 North America Blockchain in Metals and Mining Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blockchain in Metals and Mining Market Size Forecast by Type
9.6.1 Public Blockchain
9.6.2 Private Blockchain
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blockchain in Metals and Mining Market Size Forecast by Applications
9.10.1 Metal Industry
9.10.2 Mining Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blockchain in Metals and Mining Analysis and Forecast
10.1 Introduction
10.2 Europe Blockchain in Metals and Mining Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blockchain in Metals and Mining Market Size Forecast by Type
10.6.1 Public Blockchain
10.6.2 Private Blockchain
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blockchain in Metals and Mining Market Size Forecast by Applications
10.10.1 Metal Industry
10.10.2 Mining Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blockchain in Metals and Mining Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blockchain in Metals and Mining Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blockchain in Metals and Mining Market Size Forecast by Type
11.6.1 Public Blockchain
11.6.2 Private Blockchain
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blockchain in Metals and Mining Market Size Forecast by Applications
11.10.1 Metal Industry
11.10.2 Mining Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blockchain in Metals and Mining Analysis and Forecast
12.1 Introduction
12.2 Latin America Blockchain in Metals and Mining Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blockchain in Metals and Mining Market Size Forecast by Type
12.6.1 Public Blockchain
12.6.2 Private Blockchain
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blockchain in Metals and Mining Market Size Forecast by Applications
12.10.1 Metal Industry
12.10.2 Mining Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blockchain in Metals and Mining Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blockchain in Metals and Mining Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blockchain in Metals and Mining Market Size Forecast by Type
13.6.1 Public Blockchain
13.6.2 Private Blockchain
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blockchain in Metals and Mining Market Size Forecast by Applications
13.10.1 Metal Industry
13.10.2 Mining Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blockchain in Metals and Mining Market: Competitive Dashboard
14.2 Global Blockchain in Metals and Mining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 ING
14.3.3 Karuschain
14.3.4 MINESPIDER
14.3.5 Accenture
14.3.6 MineHub
14.3.7 Blockhead Technologies
14.3.8 Everledger
14.3.9 Minexx
14.3.10 Verisk
14.3.11 IBM
