Loyalty360 Reads: October 30th, 2018

Researchandmarkets.com Publishes Blockchain Report
 
Researchandmarkets.com has published a report on the state of blockchain usage in the retail market. It is expected to grow from an $80-million market share in 2018 to a $2.33-billion share by 2023 at a Compound Annual Growth Rate (CAGR) of 96.4 percent.
 
The major drivers of the market include the growing interest in the adoption of blockchain technology in the retail and supply chain management industry, and the increased need for efficiency and speed in retail and supply chain transactions. Rapidly transforming international trade and retail industry scenarios, backed by increased venture funding and investments in blockchain technology providers, has also improved growth prospects for the market.
 
The blockchain report estimates the market size and growth potential of the market across segments, including provider, application, and region. The application segment includes compliance management, identity management, loyalty and rewards management, payments, smart contracts, supply chain management, and others (anti-counterfeiting, advertising, and consumer data management). The supply chain management segment is expected to dominate the application segment in terms of contribution to the overall market, as various multinational retail and supply chain management corporations are deploying blockchain technologies across various business processes to bring reduction in costs of verification, execution, arbitration, and fraud prevention.
 
Canon Partners With Box
 
Canon, a provider of digital imaging solutions, and Box, a cloud content management company, have announced that they will showcase their work together at the 2018 EDUCAUSE conference. The conference gathers brands working in the higher education IT space and takes place at the Colorado Convention Center in Denver from October 30 to November 2.
 
“Today’s campus IT departments face the growing challenge of embracing flexible learning environments in a way that will foster collaboration among students but still help protect sensitive data,” says Shinichi Yoshida, Executive Vice President and General Manager at Canon. “Canon’s relationship with Box is a strong indicator of the important role that cloud content management and email management will play in the Campus of the Future.”

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