Blockchain in retail market was valued at $113.72 million in 2020 and is expected to reach $1936.68 million by 2026 at a CAGR of 60.4% over the forecast period 2022-2028.

The globe “Blockchain in the retail marketThe research report provides detailed information on the market size, share, trends, growth, cost revenue, capacity and forecast till 2029. This report also includes the overall and in-depth study of the Blockchain in Retail market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative survey of the Blockchain in Retail market and provides information for making strategies to increase market growth and effectiveness.

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The leading companies in the global blockchain in the retail market are – Cognizant Technology Solutions Corp., Reply SpA, Sofocle Technologies (OPC) Pvt Ltd, Provenance Ltd, Capgemini SE, IBM Corporation, Microsoft Corp., Modultrade Ltd, SAP SE, Blockverify.io, Oracle Corporation, Accenture PLC, Amazon Web Services Inc . and other.

Industry news and updates:

June 2019 – Russia’s third-largest grocery retailer, Dixy, implemented blockchain technology in its corporate finance system. The Moscow-based retailer has used blockchain in collaborations between suppliers and factoring companies that represent third parties who buy invoices from companies at a discount to help those companies raise funds.

Regional Analysis:

Asia is a major player in the changing retail landscape due to the rise of e-commerce startups. China is leading the e-commerce market, with Alibaba recently opening a pop-up store in Australia, reflecting the ‘phygital’ trend towards digitally enhanced offline offerings…