DIAMOND ADS BY - 1XBIT.COM DIAMOND ADS BY - 1XBIT.COM DIAMOND ADS BY - 1XBIT.COM
ADVERTISEMENT
  • About Us
  • Advertisement
  • Buy Banner
  • Submit Press Release
  • Submit An Article
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Sitemap
  • Contact Us
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT
No Result
View All Result
Coinworldstory
Advertisement
Coinworldstory
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT
No Result
View All Result
Coinworldstory
No Result
View All Result
Home NEWS BANKING/FINANCE NEWS

Bank of America: Blockchain’s addressability market will reach $7 billion

Coinworldstory by Coinworldstory
October 5, 2018 - Updated on September 6, 2021
in BANKING/FINANCE NEWS
Reading Time: 2 mins read
A A
0
Bank of America: Blockchain's addressability market will reach $7 billion
Share on FacebookShare on TwitterShare On RedditShare On Telegram Share On LinkedinQr Code Of PostShare On WhatsAppEmail This Article

According to CNBC’s October 2 report, Bank of America (BoA) estimates that the market size of the blockchain may reach $7 billion, and will greatly promote the development of corporate giants such as Microsoft and Amazon.

Although Bank of America analysts did not give a clear indication of when the industry could become a petty, multi-billion dollar addressable market, it is reported that their estimates are based on a rough figure, ie 2 % of the enterprise servers will be used to operate the blockchain at an annual cost of $5,500.

Bank of America research analyst Kash Rangan told CNBC that the technology is very suitable for some of the world’s largest companies, he said:

“Amazon will benefit from the incremental cloud service requirements brought about by blockchain implementations, and improved supply chain tracking technology should increase Amazon’s retail business efficiency.”

However, Langen stressed that although many potential use cases for blockchain have been widely recognized, “complete products or services have not been built and are not used in production”, which has made the technology’s ability to generate real capital still not Confirmed.

Langen added that the innovation of the distributed ledger system can promote the so-called “software as a service” (SaaS) model to a “blockchain as a service” (BaaS). The new level. He said:

BaaS on Azure provides services such as smart contracts and other third-party applications, and BaaS will benefit from the increased use of blockchain technology on Azure.”

Bank of America pointed to other well-known companies that are likely to benefit from blockchain technology, including Oracle, IBM, Salesforce.com and VMware, as well as key players from the real estate and mortgage industries, such as Redfin, Zillow and Lendingtree. It is worth noting that many companies recognized by Bank of America have done a lot of exploration in the blockchain field.

According to the latest data released at the end of August this year, IBM is competing with Chinese e-commerce giant Alibaba.com for the latest global entity blockchain patent application list. This summer, technology giant IBM and the Australian government reached a five-year, $740 million major agreement to use blockchain to improve data security and automation processes across federal departments.

Microsoft first announced the launch of the Azure cloud computing platform based on Ethereum in 2015, and continued to improve the product. This spring, the Amazon Web Services (AWS) cloud platform introduced a framework for Ethereum and Hyperledger Fabric to allow users to build and manage their own blockchain-based decentralized applications (DApps).

 

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

Share186Tweet116ShareShareShare33ScanSendSend
ADVERTISEMENT
Previous Post

Fed Governor: The cryptocurrency endorsed by foreign governments will not pose a threat to the US financial role

Next Post

Google plans to implement stricter Chrome extension rules to reduce the risk of mining malware

Coinworldstory

Coinworldstory

Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com

Next Post
Google plans to implement stricter Chrome extension rules to reduce the risk of mining malware

Google plans to implement stricter Chrome extension rules to reduce the risk of mining malware

Leave Comment
ADVERTISEMENT

PRESS RELEASE .

APENFT to Support Potential Ethereum Hard Fork and NFT Trading on the New Chain

August 17, 2022

Lovely Inu introduces a new meme token to the global crypto market

August 16, 2022

Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain

August 12, 2022

DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund

August 11, 2022
Advertisement

We Provide Review About Blockchain Technology , Crypto Products Review , Affiliate Marketing Review , DEFI , NFT At One Place.

Need Help Mail Us Directly Your Questions At - [email protected]

We Are On Social Media Connect With Us

Follow Us

LIVE PRICE

  • Bitcoin Live Price
  • Ethereum Live Price
  • Cardano Live Price
  • Binance Coin Live Price
  • Solana Live Price
  • RIPPLE LIVE PRICE

News Section

  • Press Release
  • Bitcoin News
  • Blockchain News
  • Exchange News
  • Breaking News
  • Government News

Important Pages

  • Contact Us
  • Advertise
  • Submit Topic
  • Disclaimer
  • Privacy Policy
  • DMCA
  • About Us
  • Advertisement
  • Buy Banner
  • Submit Press Release
  • Submit An Article
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Sitemap
  • Contact Us

© 2021 All Rights Reserved
Disclaimer - The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Coinworldstory does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. All the information on this website is published in good faith and for general information purpose only. https://coinworldstory.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (https://coinworldstory.com), is strictly at your own risk. https://coinworldstory.com will not be liable for any losses and/or damages in connection with the use of our website.

No Result
View All Result
  • HOME
  • CRYPTO
    • ICO
      • High Risk Ico Review Category
      • New ICO Review Listing
      • Scam ICO Review Categories
      • Silver ICO Review Listing Platform
      • Diamond ICO Review
      • Gold Ico Review Category
    • Coins
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining + Cloud Mining Review Platform
    • BOTS
    • Buy Bitcoin
    • Crypto Faucets
  • Guide
  • Airdrops
    • Featured Airdrops
  • Exchange
    • Centralized Exchange
    • Decentralized Exchange
    • Closed Exchange
  • DEFI
  • NEWS
    • Press Releases
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • Casinos
    • Certified Casinos
    • Bitcoin Casino
    • Blacklisted Casinos
  • Forex
  • Mega Menu
    • Menu 1
      • Ad Posting Jobs
      • Copy Paste Jobs
      • Currency Exchanger
      • Data Entry Jobs
      • Gpt Sites
    • Menu 1
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
      • Payment Platform
    • Menu 2
      • Uncategorized
      • Reward Platform
      • Tools
      • Trading
      • Wallets
      • Web Hosting
    • Menu 3
      • Gpt Sites
      • Online Form Filling Jobs
      • Online Survey Jobs
      • Online Typing Jobs
      • Revenue Shares
      • SMS Sending Jobs
  • Affiliate
    • CBD Affiliate Program
    • Crypto Affiliate Program
    • Domains Affiliate Program
    • Email Affiliate Program
    • Fashion Affiliate Program
    • Finance Affiliate Program
    • Market Place Affiliate Program
    • Social Media Affiliate Program
    • Tools Affiliate Program
    • Travel Affiliate Program
    • VPN Affiliate Program
    • Web Hosting Affiliate Program
    • Affiliate Marketing
    • AFFILIATE NETWORKS
  • NFT

© 2021 All Rights Reserved
Disclaimer - The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. Coinworldstory does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. All the information on this website is published in good faith and for general information purpose only. https://coinworldstory.com does not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information you find on this website (https://coinworldstory.com), is strictly at your own risk. https://coinworldstory.com will not be liable for any losses and/or damages in connection with the use of our website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.