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Blockchain Identity Management Market Aims for USD 293.39 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 11, 2024 /PRNewswire/ — According to SkyQuest, the global Blockchain Identity Management Market size was valued at USD 1.3 billion in 2022 and is poised to grow from USD 2.37 billion in 2023 to USD 293.39 billion by 2031, growing at a CAGR of 82.6 % during the forecast period (2024-2031).

Typically, digital identities are kept on centralized systems that are easily targeted by cybercriminals. Organizations therefore require strong identity management solutions. Global blockchain identity management market is based on encryption technology and offers a decentralized, safe solution. Healthcare, BFSI, retail, and other businesses can access real-time information on specific entities or individuals for any kind of verification or authentication by using blockchain identity management technology. The report’s objective is to project the market’s size and future growth potential for blockchain identity management across many sectors, including service providers, organization sizes, and industry verticals.

Download a detailed overview:

https://www.skyquestt.com/sample-request/blockchain-identity-management-market

Blockchain Identity Management Market Overview:

Report Coverage

Details

Market Revenue in 2023

$2.37 Billion

Estimated Value by 2031

$293.39 Billion

Growth Rate

Poised to grow at a CAGR of 82.6%

Forecast Period

2024–2031

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Offering, Provider Type, Organization Size, Verticals, and Network

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Digital interactions across various industries through blockchain technology

Key Market Opportunities

Streamlined identity verification processes and seamless cross-sector interoperability

Key Market Drivers

Blockchain identity management adoption fostering market demand

Segments covered in Blockchain Identity Management Market are as follows:

OfferingSoftware, and ServicesProvider TypeInfrastructure Providers, Application Providers, and Middleware ProvidersOrganization SizeLarge Enterprises, Small and Medium Enterprises (SMEs)VerticalsBFSI, IT & Telecom, Government, Real Estate and Construction, Healthcare, Retail and E-Commerce, Media and Entertainment, Travel and Hospitality, and OthersNetworkPermissioned, and Permissionless

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/blockchain-identity-management-market

Safeguarding Trust through Blockchain Identity Solution’s Enhancing Security Across industries

Blockchain related identification technologies offer secure, distributed internet identity management solutions to various sectors like retail, BFSI or healthcare. They increase electronic interaction protection and credibility through the contemporary verification techniques based on encryption. Blockchain ID solutions are crucial for improving security and trust in various industries during digital interactions.

Blockchain related identification technologies offer secure, distributed internet identity management solutions to various sectors like retail, BFSI or healthcare. They increase electronic interaction protection and credibility through the contemporary verification techniques based on encryption. Blockchain ID solutions are crucial for improving security and trust in various industries during digital interactions.

Services offer experience in creating and overseeing decentralised identification systems that are suited to certain industry requirements, helping organisations embrace and integrate blockchain technology for safe identity management. They ensure that identity systems anchored on blockchain technology are easily distributed, customised or personalized and continuously maintained enhancing security and efficiency as well as trust in digital identity authentication across various industries.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/blockchain-identity-management-market

SMEs and Large Enterprises Driving Blockchain Identity Management Industry Forward

In the global blockchain identity market, “enterprise size” refers to the division of organisations into small and medium-sized (SMEs) and large companies based on the extent to which they are implementing blockchain identity solutions. Large corporations require robust systems suitable for storing large amounts of identification information securely, while small and medium-sized enterprises (SMEs) should opt for cheaper, easily adaptable alternatives.

Global adoption and advancement of blockchain identity management solutions are largely driven by large companies. Businesses are the ones that most of the time are in front in introducing advanced technologies that enhance safety, streamline operations and ensure conformity in many sectors. Technological progress with an emphasis on block chain identity management is largely attributable to the impetus given by big corporations’ demand creation and development.

Small and medium-sized enterprises (SMEs) have started to use blockchain identity management systems to increase security and operational efficiency within tight budgets. SMEs are crucial for advancement of technology and expansion of the blockchain identity management market. Their choice of scalable solutions promotes low costs and competition within the market hence greater industrial adoption.

Expansive Role of BIM in Enhancing Trust and Efficiency Across Global Enterprises and Industries

A revolutionary approach to digital identity security across many sectors like healthcare and retail is blockchain identity management. Their shared ledgers and strong decentralisation ensure real time verification and authentication guaranteeing high level of encryption Big enterprises are driving this forward through introduction of novel ideas thereby creating appetite for internet business development. SMEs make a substantial simultaneous contribution by implementing scalable, affordable solutions that encourage industry rivalry and wider adoption. The blockchain identity industry, which offers increased security and trust in digital interactions across all organisational sizes, is positioned for significant development if organisations continue to prioritise efficient and secure identity management.

Related Report:

Blockchain Market

Blockchain as a Service Market

Blockchain Technology in Healthcare Market

Cryptocurrency Market

Automotive Blockchain Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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SHINE Announces Two Strategic Appointments to Advance Fusion Technology and Market Expansion

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Healthcare technology leader Dr. Gregory Sorensen joins Board of Directors; Defense expert Col. (Ret.) Gregory Van Dyk joins as Strategic Advisor

JANESVILLE, Wis., May 21, 2025 /PRNewswire/ — SHINE Technologies, LLC, a next-generation fusion technology company with commercialized platforms in industrial testing and medical isotopes, today announced the appointments of Dr. Gregory Sorensen, co-founder of DeepHealth and Chief Science Officer of RadNet, and Col. (Ret.) Gregory K. Van Dyk, U.S. Air Force, as strategic advisor to its Board of Directors.

These appointments bring deep expertise in healthcare technology and national security to SHINE as the company expands the reach of its fusion applications across commercial and defense markets.

“Fusion technology provides real-world solutions to big infrastructure problems in highly specialized markets,” said Greg Piefer, founder and CEO of SHINE. “These appointments expand our ability to understand and access these markets quickly. Dr. Sorensen is a strong addition to our already distinguished board, having rare depth in the healthcare space that spans founding, growing, and selling startups through executive operations at multinational conglomerates. Col. Van Dyk brings a career of leadership and widespread connectivity in the radiation effects testing arena, with a specific focus on the effects of DT fusion neutrons.”

Dr. Sorensen: Guiding Commercial Strategy and Innovation

Dr. Sorensen brings decades of experience at the intersection of healthcare, imaging, and technology. As co-founder of DeepHealth (now RadNet’s AI division) and former President and CEO of Siemens Healthcare North America, he has led the development and commercialization of transformative medical technologies.

He will advise SHINE on strategic growth initiatives, partnerships, and the expansion of its fusion-enabled medical isotope business.

“SHINE represents the promise of fusion – not as a science experiment, but as a real-world solution,” said Dr. Sorensen. “I’m excited and honored to help guide the company’s growth into new healthcare and commercial markets.”

Col. (Ret.) Van Dyk: Advancing National Security through Fusion

Col. (Ret.) Van Dyk, Ph.D. joins SHINE following a distinguished 22-year career in the U.S. Air Force, where he specialized in nuclear engineering, fusion technology, and strategic deterrence. He previously led the Department of Defense’s Fusion for National Security initiative and managed a $207 million annual R&D portfolio at the National Nuclear Security Administration along with leading two multi-billion-dollar programs in the Department of Defense.

His appointment comes at a critical time as SHINE expands FLARE (Fusion Linear Accelerator for Radiation Effects), a high-energy neutron testing service that enables defense contractors to evaluate the resilience of microelectronics and mission-critical systems in extreme radiation environments.

“SHINE’s fusion platform is practical, innovative, and timely,” said Van Dyk. “FLARE offers a new capability for understanding how our most important defense technologies perform under the toughest conditions.”

About SHINE 

Headquartered in Janesville, Wisconsin, SHINE is an industry leader in next-generation fusion, developing innovative fusion-based technology that combines safety, cost-efficiency and environmental responsibility. 

SHINE has successfully commercialized fusion across multiple applications, including neutron testing markets such as neutron radiography, radiation-effects testing and fusion material research. It has commercialized and is scaling its proprietary medical isotope production, processes, supplying high-quality radioisotopes essential for procedures including diagnosing heart disease and cancer as well as cancer therapy.  

Beyond these applications, SHINE is pioneering nuclear waste recycling to make nuclear energy more sustainable. Its long-term purpose is to change the way humans make energy by commercializing fusion energy. Unlike other fusion companies, SHINE takes a commercially driven path mirroring successful deep-tech industries. Through this visionary approach, SHINE is advancing technology, healthcare, and sustainable energy, making a lasting impact across multiple sectors. 

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SOURCE SHINE Technologies, LLC

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HitPaw FotorPea V4.6.0 Now Available – Major Upgrades in AI Enhancement and Image Generation

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NEW YORK, May 21, 2025 /PRNewswire/ — HitPaw has officially released HitPaw FotorPea V4.6.0, bringing significant advancements in AI-powered image enhancement and generation. This latest version introduces a new denoise model, a revamped AI painting engine powered by Flux AI Generator, and smarter photo quality analysis — all designed to deliver professional-grade results for photography enthusiasts and creative professionals alike.

What’s New in HitPaw FotorPea V4.6.0

1. New Advanced Denoise Model

Tailored for advanced users, the newly added denoise model is capable of handling complex noise scenarios such as portrait photography and high-ISO images. It effectively removes visual noise while preserving original image details, making it ideal for photographers, retouchers, and creatives who require high-fidelity results in challenging lighting conditions or legacy photo restoration.

2. Revamped AI Painting with Flux AI Generator

The AI painting module has been completely reengineered, now integrated with AI-assistive prompt suggestions and powered by the Flux AI image generator. This empowers digital artists, designers, and hobbyists to create artwork from text prompts with greater precision, style diversity, and creative control — whether for concept art, storyboarding, or social media content creation.

3. Enhanced Photo Enhancer Capabilities

The Photo Enhancer now includes:

AI-powered noise detection: Automatically identifies noise levels and recommends the optimal denoise model, saving users time and improving editing accuracy — especially helpful for casual users unfamiliar with technical noise reduction techniques.True resolution analysis: Detects the image’s native resolution to improve upscaling results, making it perfect for users working with downloaded images, scanned photos, or old digital files that need clarity restoration.

These enhancements significantly boost the clarity and quality of post-processed images.

More AI-Powered Features in HitPaw FotorPea

Smarter AI Image Generation with DeepSeek AI: Create sharper, more realistic images from text prompts with enhanced detail, lighting, and artistic control.

AI Enhancer: Upgrade image clarity, color, and detail with intelligent adjustments.

AI Background Remover: Remove and replace backgrounds in one click.

AI Object Remover: Eliminate distractions and refine image composition.

AI Photo Editing: Smart tools for adjusting contrast, color, tone, and effects.

COMPATIBILITY AND PRICING

HitPaw FotorPea is compatible with Windows 11/10/8/7 (64-bit) and macOS 10.15 and above. Pricing starts at $21.99 USD for a monthly subscription.

For more information, visit: Purchase HitPaw FotorPea for Windows

ABOUT HITPAW

HitPaw is a trusted multimedia software brand dedicated to empowering users with innovative solutions for photo, video, and audio editing. With cutting-edge AI technology and user-friendly design, HitPaw makes creativity accessible to everyone.

Learn more at: About HitPaw – All Things About HitPaw

CONNECT WITH US

YouTube: https://www.youtube.com/@hitpawFacebook: https://www.facebook.com/hitpawofficialX (Twitter): https://x.com/HitPawofficialInstagram: https://www.instagram.com/hitpawofficial/Pinterest: https://www.pinterest.com/HitPawofficialwebsite

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

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SOURCE HitPaw. Co., Ltd

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The Atlanta Journal-Constitution debuts new membership tier for UATL

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ATLANTA, May 21, 2025 /PRNewswire/ — The Atlanta Journal-Constitution (AJC) today announced the next chapter of its Black culture product, UATL, with a new paid tier that will offer members expanded access to events, content and discounts designed to build community and connection.

Launched in September 2024, UATL has built a community membership program and an engaged social media following through distinct journalism, unique perks and exclusive events.

Today, UATL introduced a new “supporting member” program for those who want to connect more deeply with all things Black culture. For $5 a month, supporting members get unlimited access to all articles on UATL.com, early invites to UATL events, the ability to bring a guest to select events and access to exclusive discounts at Scotty ATL, Just Loafn, Seed Atlanta, Trap Museum, Breakfast Boys and more. This adds to UATL’s existing free member benefits: a weekly newsletter, three monthly articles, and select event invitations.

UATL is a key part of the AJC’s plan to transform from a storied daily newspaper into a modern media company. AJC Editor-In-Chief Leroy Chapman Jr. said it’s been exciting to see how Atlanta has welcomed UATL into the fold.

“For the last several months, we have consistently heard from members asking: How can we help this community grow?” he said. “This is a natural next step that will help us deepen our connection to the community and expand our contribution to this culture, which continues to shape the world.”   

Starting today, supporting members can sign up to receive:

Unlimited access to every article on UATL.com. Enjoy all UATL has to offer from 404ward a signature series that recognizes the people and brands moving Atlanta forward to thought-leading content like “Atlanta: America’s Black Mecca?” a new series exploring the reasons and justifications behind the city’s moniker.Early invites to UATL events. Member events are designed to connect you with the culture, including movie nights, suite parties and happy hour connections. They sell out, so getting early access (and a plus-one) is key.Perks and discounts that help support local and Black-owned businesses.Ticket giveaways to Atlanta’s top sporting events.One bonus account with a separate login to share.

Membership Rates

Supporting Membership is $5 a month or $49 a yearSpecial Founding Member Offer is $39 a year for a limited time.Get the combined UATL+AJC subscription for $11.99 a month.Visit UATL.com to explore available plans

About The Atlanta Journal-Constitution 

The Atlanta Journal-Constitution is the most essential and engaging source of information for metro Atlanta. With approximately 6 million monthly unique visitors to our digital products and platforms and a growing digital subscriber base, the AJC serves one of the most dynamic, diverse and influential cities in America. The Atlanta Journal-Constitution is a subsidiary of Atlanta-based Cox Enterprises Inc. For more information, visit http://www.ajc.com

Media Contact
Shumuriel Ratliff
The Atlanta Journal-Constitution
Shumuriel.Ratliff@coxinc.com

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SOURCE The Atlanta Journal-Constitution

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