A new report issued by the technology company ReportLinker is in the latest crypto news – showing that blockchain technology in the US manufacturing sector is about to grow substantially from 2020 to 2025, eventually reaching the $500 million margin.
While preparing the report, the authors split blockchain usage by application, end use, as well as territory. The study also divided the blockchain in manufacturing market based on its end use into energy and power, industrial, automotive, pharmaceuticals, aerospace and defense, food and beverages, textile and clothing as well as other sensors.
As the researchers noted, the blockchain technology in manufacturing is expected to be worth $30 million by 2020 and grow at a compound annual growth rate of 80% to $566 million by 2025. According to the report, blockchain will simplify business processes and ensure transparency and immutability while cutting down all the intermediaries in logistics and supply chains.
The authors also cited different factors that could drive the growth. The most important one of them according to them is the growth of blockchain-as-a-service (BaaS) and the similar solutions for businesses – as well as the significant increases in venture capital investment and Initial Coin Offerings (ICO).
Still, the report also pointed out to the uncertain regulatory landscape and the absence of a uniform set of standards which are holding back the growth of the blockchain in the manufacturing market.
Bollywood Actors Involved In ‘’Cashcoin’’ $14 Million Crypto Scam
“I will be in Surat on January 5, 2017, for promoting Cashcoin. As we all know that the future belongs to the cashless trend, we also know how much important role cryptocurrencies would play. So, we’ll meet at the event to know more about Cashcoin.”The police believe Khan received a lot of money for promoting the scam. If the police prove they are right, Khan could face compensation for the investors’ losses and could potentially go to prison for charges of fraud, criminal conspiracy and breach of trust. Shahbaz Khan’s involvement in crypto scams is not the first in the Bollywood world. Before him, there were actors such as Shilpa Shetty and Zarine Khan who promoted other scam crypto projects. In cases such as this one, the police commissioner said:
“These people have been brand ambassadors for this company, endorsing their products and going for their meetings. We came to know they have received huge remuneration and traveled abroad with the company representatives. This is a serious offense.’’Other Bollywood actors who got involved in a crypto scam include Vivek Oberoi who is set to play the key role in Prime Minister Narendra Modi’s biopic, also was involved into taking bribes for promoting political parties in India by accepting cryptocurrency as payments.
Not So Popular: Justin Sun Apparently Has Fake Twitter Followers
“Those followers are as authentic as Jussie Smollet’s beatdown story.”Another commenter believed that getting the police and the Federal Bureau of Investigation involved is the right thing to do in order to bring truth to the crypto community. Justin Sun is believed to be a master at marketing and this is one of the reasons the crypto community can be happy about since his strategies seem to work on investors, dapp users and crypto exchange owners. It’s not a foul play but it sure is very close to the line that you should not cross.
Singapore-Based Blockchain Accelerator Partners With BMW & Intel
Binance Announces Major Changes To Launchpad Token Sale Format
“Other market participants may view this as an opportunity, and countertrade to even out the fluctuations.”The Binance Launchpad is the company’s token launch platform, as the name says, and in most recent times it has concluded a $4 million sale of the Celer Network (CELR) token seven days ago. The platform also conducted the Fetch.AI (FET) token sale and was able to raise about $6 million in just 20 seconds back in February. As previously reported, multiple changes were done to the Binance Application Programming Interface that shows how the company is working hard on implementing margin trading. A week ago, LBank and Bit-Z both of which are exchanges, overtook Binance on the adjusted trade volume according to the rankings on CoinMarketCap but the newly found reports show that most of their volume is fake.
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