ArcBlock Recognized as Leader in Blockchain as a Service Market Category
ArcBlock was identified as a leader in the Blockchain as a Service market and is well-positioned to capture increased market share.
A recent market study published by The Research Corporation acknowledged ArcBlock as an industry leader in the Blockchain as a Service (BaaS) market category and as a company that is well-positioned to be an innovator and leader.
The new Blockchain as a Service (BaaS) Market report highlights key players such as IBM, Oracle, Azure, AWS, Alibaba, and ArcBlock having been listed as companies who have already had industry successes and have been leading blockchain implementations for global industries and leading Fortune 1000 companies.
The companies identified in the Blockchain as a Service (BaaS) report are expected to capture a high percentage of market share as the use of blockchain accelerates in the enterprise. It is expected that by 2025, the business value added by blockchain will grow to slightly more than $176 billion to more than $3.1 trillion by 2030, according to a recent forecast by Gartner. A key driver for future growth is the increased adoption in the enterprise. “No longer is blockchain just an engineering project. Product managers are now preparing for the rapid evolution, early obsolescence, a shifting competitive landscape where there is an increase in the consolidation of blockchain offerings and technologies/functionality.”
For these product managers, Blockchain-as-a-Service (BaaS) is an ideal solution to benefit from blockchain’s inherent capabilities, as well as features and advanced capabilities of the platforms where BaaS is offered. Blockchain as a Service gives businesses a way to utilize creation and management of cloud-based networks allowing them to easily build, host and operate their own decentralized applications and blockchain-enabled services without having to manage the technical complexities and operational overhead of operating a blockchain. For example, a key blockchain service identified in the report is the support of decentralized identity supporting decentralized user digital entities and online authentication of persons.
Just last week, ArcBlock was also identified by Gartner as a leader for Decentralized Identity and is a company focused on delivering developer-ready tools and decentralized-identity solutions to support a wide range of use cases including authentication and identity access management, payment, gaming, e-commerce and many more. ArcBlock’s W3C compliant ABT:DID specification is integrated into their blockchain development platform and enables anyone to utilize decentralized identity without the complexity of building their own specification. These use cases can be experienced by anyone by visiting their identity demo site.
ArcBlock’s blockchain platform gives businesses and users everything they need to build and run production-ready applications easily including ArcBlock’s SDK gives developers everything they need to easily build DApps, decentralized identity and blockchain networks in just a few steps and supports many of today’s most popular programming languages. Developers can connect their applications to ArcBlock’s highly scalable ABT Network, an interoperable blockchain network, as well as use ArcBlock’s innovative ABT Blockchain Node Software to run and manage their apps in any cloud, or data center.