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Blockchain Technology Market to Grow by USD 11.04 Billion from 2023-2027, Driven by Rising Venture Capital Investments, AI-Powered Insights- Technavio

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NEW YORK, Sept. 5, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global blockchain technology market size is estimated to grow by USD 11.04 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 32.72% during the forecast period. Increasing venture capital funding and investing in blockchain technology is driving market growth, with a trend towards high adoption of blockchain solutions for payments. However, security, privacy and blockchain transaction concerns poses a challenge. Key market players include Accenture Plc, Amazon.com Inc., Amcon Soft, Ara Soft Group LLC, Capgemini Service SAS, Cargoledger, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., OpenLedger, Oracle Corp., PixelPlex Ltd, SAP SE, Tata Sons Pvt. Ltd., and Wipro Ltd..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

End-user (BFSI, Government, Healthcare, and Others), Type (Private, Public, and Hybrid), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Amazon.com Inc., Amcon Soft, Ara Soft Group LLC, Capgemini Service SAS, Cargoledger, ConsenSys Software Inc., Deloitte Touche Tohmatsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., OpenLedger, Oracle Corp., PixelPlex Ltd, SAP SE, Tata Sons Pvt. Ltd., and Wipro Ltd.

Key Market Trends Fueling Growth

Blockchain technology has gained significant traction in the payments industry, with numerous firms and organizations implementing blockchain-based payment systems for quick, secure, and affordable transactions. Bitcoin, a decentralized digital currency using blockchain technology, has garnered a large user base due to its fast processing times and low fees. Stablecoins, another blockchain-payment method, offers stability in the volatile cryptocurrency market and are linked to the value of traditional currencies. Businesses accept stablecoins as payment, and new networks like Ripple and Stellar facilitate quick and secure cross-border transactions. IBM and Amazon are among the major corporations utilizing blockchain technology for payments. The adoption of blockchain solutions for payments is projected to expand, but challenges such as regulation, scalability, and interoperability must be addressed during the forecast period.

Blockchain technology, a decentralized digital ledger, is revolutionizing various industries. At the financial level, institutions are exploring its use for secure transactions and digital currencies. Distributed Ledger Technology (DLT) is a trending topic among regulators and policymakers at both national and international levels. IoT technology integrates with blockchain for efficient tracking and data security. Standardization and interoperability are key focus areas for government bodies and research activities. Digital identity, payment environments, and public service delivery are major applications. Transaction fees, service providers, and middleware providers are shaping the market. Ethereum, Openchain, and Hyperledger are leading DLT platforms. Large enterprises in manufacturing, transportation, eCommerce, and more are adopting blockchain for payment and transaction. Weak identification laws fuel the demand for secure digital IDs. Security is a top priority in this market. Patents and market-related cryptocurrencies are also significant trends. 

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Market Challenges

Blockchain technology offers a secure and decentralized platform for various transactions, but concerns around security, privacy, and transaction validation persist. The security of blockchain networks is a key advantage, as transactions are verified by a network of nodes. However, potential vulnerabilities include single parties controlling over half of a network’s computer power, leading to transaction manipulation. Privacy is another concern, as every user on a public blockchain can see transactions. Striking a balance between transparency and privacy is crucial, with some networks offering encryption and anonymity features. Regulation is necessary to ensure legitimate and lawful transactions, and accurate logging and timestamping are essential to prevent fraud. These factors may hinder the growth of the global blockchain technology market.Blockchain Technology is revolutionizing various industries by providing secure and transparent digital transactions. However, challenges persist in areas like digital identity and market-related cryptocurrencies. Weak identification laws at the national level hinder the creation of secure digital IDs. In payment environments, high transaction fees and the need for service providers and middleware providers add complexity. Ethereum, Openchain, and Hyperledger are popular blockchain platforms, but large enterprises face challenges with smart contracts’ documentation and integration with existing systems. The payments sector, including digital payment systems, is seeing disruption with the removal of middlemen through blockchain. Healthcare, life sciences, IT and telecommunication, travel and hospitality, and logistics are exploring blockchain for supply chain management and real-time analytics. IBM Blockchain Platform offers multi-party systems and multi-cloud offerings. IOT connectivity and real-time analytics are key for industries like logistics and supply chain management. Technical skillset is a barrier for widespread adoption, and venture capitalists are investing in Blockchain Technology Solutions. Capital inflows continue with Web3, DeFi, and Crypto Asset Markets. Regulatory acceptance is crucial for mainstream adoption. Firozabad, Polygon, and other emerging platforms are entering the market. ICOs remain a controversial funding method. Overall, blockchain’s potential is vast, but challenges must be addressed for widespread adoption.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This blockchain technology market report extensively covers market segmentation by

End-user1.1 BFSI1.2 Government1.3 Healthcare1.4 OthersType2.1 Private2.2 Public2.3 HybridGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 BFSI- Blockchain technology is a digital and decentralized ledger system that records transactions across multiple computers. It ensures security and transparency by using cryptography and eliminating the need for intermediaries. Businesses are increasingly adopting blockchain for its efficiency, cost savings, and enhanced security in areas like supply chain management, financial transactions, and digital identity verification. This technology offers significant benefits, including increased trust, faster processing times, and improved data accuracy. Companies across industries are exploring its potential to streamline operations, reduce fraud, and enhance customer experiences.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2023-2027) and historic data (2017 – 2021) 

Research Analysis

Blockchain Technology is revolutionizing various industries by providing secure and decentralized digital solutions. One significant application is in the creation of secure digital IDs, addressing the weaknesses of existing identification laws at the national level. This technology is also transforming payment environments, offering lower transaction fees and increased security compared to traditional methods. Middleware providers and service providers play crucial roles in facilitating the adoption of Blockchain Technology Solutions. In the realm of cryptocurrencies, Blockchain Technology is the backbone for market-related activities, including Ethereum, Openchain, Hyperledger, and others. Its applications extend to logistics and supply chain management, banking, and even in the DeFi and Crypto Asset Markets. The technical skillset required to implement and manage Blockchain solutions is in high demand, attracting venture capitalists and significant capital inflows. The Web3 vision of a decentralized internet further expands the potential use cases for this groundbreaking technology.

Market Research Overview

Blockchain Technology is revolutionizing various industries by providing secure and transparent digital solutions. The market related to cryptocurrencies is a significant segment, but Blockchain’s potential goes beyond that. Weak identification laws at the national level are driving the demand for secure digital IDs in payment environments. Middleware providers like Ethereum, Openchain, and Hyperledger are enabling large enterprises to build and implement Blockchain solutions for payment and transaction systems, smart contracts, and document management. Service providers are offering middleware, exchanges, and payments sector solutions, while IOT connectivity and real-time analytics are enhancing efficiency in logistics and supply chain management. Industries like healthcare, life sciences, IT and telecommunication, travel and hospitality, banking, and manufacturing are adopting Blockchain Technology Solutions. Technical skillset, venture capitalists, and capital inflows are fueling innovation in Web3, DeFi, and Crypto Asset Markets. Regulatory acceptance, standardization, and interoperability are crucial for the growth of this technology at international levels. Government bodies, policymakers, and research activities are paving the way for public service delivery and efficiency gains. Patents, security, and eCommerce are also benefiting from this distributed ledger technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userBFSIGovernmentHealthcareOthersTypePrivatePublicHybridGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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RocketReach Launches RocketReach MCP, Giving AI Assistants Direct Access to 700M+ Verified Contacts

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New integration empowers sales, recruiting, and marketing teams to prospect within ChatGPT, Claude, and others using existing RocketReach data

NEW YORK, July 22, 2026 /PRNewswire/ — RocketReach, the leading sales and lead intelligence platform trusted by more than 30 million users and 95% of the S&P 500, today announced the launch of the RocketReach MCP Server. This milestone gives AI assistants direct, real-time access to RocketReach’s database of 700 million verified contacts and 60 million companies via the Model Context Protocol (MCP).

The RocketReach MCP Server provides immediate compatibility with ChatGPT, Claude, and other MCP-enabled clients. The integration features a streamlined OAuth setup and allows users to perform lookups utilizing their current RocketReach credit balance without requiring additional billing or account creation.

“The best tools show up wherever people are already working. RocketReach MCP puts our entire contact database directly inside the AI assistants our customers use every day, no new tab, no new workflow, just a faster way to reach the right person. As AI transforms professional workflows, our strategy is to provide verified data exactly where teams are active. By integrating the world’s most accurate professional database directly into the AI assistants our customers rely on daily, we are removing friction and enhancing the speed of connection “

— Scott Kim, CEO, RocketReach

Optimizing Workflows Through Native AI Integration

The RocketReach MCP Server addresses the disconnect between AI assistants and the verified company data essential for sales teams. Users can ask a natural-language question such as ‘find me 20 VPs of Sales at Series B fintech companies in New York’ and get verified contact results directly inside their AI assistant, automatically saved to their RocketReach account.

The initial release of the RocketReach MCP Server includes seven core capabilities:

Comprehensive person search by title, location, and company, and moreAdvanced company filtering by industry, size, and funding stage, and moreVerified contact detail retrieval via profile identificationOn-demand access to detailed company profilesUnified calls for simultaneous person and company data lookupsReal-time account credit and usage monitoringServer connectivity and status verification

Verified by Default

Unlike single-vendor AI integrations from some competitors, RocketReach MCP is client-neutral by design — one server connects to every major AI platform. Every lookup runs through RocketReach’s real-time email verification, so AI assistants are working with data that’s accurate now, not a static cache. Connections run on OAuth 2.1, RocketReach never shares credentials with the AI client, and users can disconnect any individual AI client independently at any time from their RocketReach account settings.

“From day one, our focus was on building an MCP that customers could trust. Every lookup through RocketReach’s MCP server is verified in real time, using the same proprietary verification engine that powers our core platform.

— Jeremy Livingston, CTO, RocketReach

Market Availability

The RocketReach MCP Server is currently available to all RocketReach users. Search for RocketReach in ChatGPT Plugins, add RocketReach as a new custom Connector in Claude, or reference our detailed documentation and setup guides that can be found at knowledgebase.rocketreach.co.

About RocketReach

RocketReach is the leading sales and lead intelligence platform trusted by more than 30 million users and 95% of the S&P 500. Powered by proprietary technology, RocketReach provides access to over 700 million contacts and 60 million companies worldwide. Sales, recruiting, and marketing teams rely on RocketReach to connect directly with the right people and decision-makers. Learn more at www.rocketreach.co.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rocketreach-launches-rocketreach-mcp-giving-ai-assistants-direct-access-to-700m-verified-contacts-302832384.html

SOURCE RocketReach.co

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Hood River Tree Farm Carbon Project Issues Core Carbon Principles (CCP) Labeled Offsets

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PORTLAND, Ore., July 22, 2026 /PRNewswire/ — The Climate Trust (TCT), an Oregon-based nonprofit leader in carbon finance and project development, today announced the first issuance of carbon credits from the Hood River County Tree Farm project. The forest carbon project joins the initial cohort of projects to receive the Core Carbon Principles (CCP) label from the Integrity Council for the Voluntary Carbon Market (ICVCM). Carbon revenues will support the county’s complex multiple use forest management strategy that seeks to combine timber revenue generation for the county budget with world-class recreational opportunities and diverse wildlife habitat.

“Generating offset revenues gives us an incentive to store substantially more carbon when managing the forest for long-term benefits” explained Doug Thiesies, Hood River County’s Forestry Director. “We are excited to embark upon this new chapter with The Climate Trust.” The County plans to purchase additional forestland with carbon revenues and enroll it in the project.

Spanning over 32,000 acres of Douglas-fir and ponderosa pine forest, most of which are over 65 years old, the project provides significant climate benefits by committing the county to sequestering and storing forest carbon over the project’s 40-year term. Registered under the ACR Improved Forest Management on Non-Federal U.S. Forestland Version 2.1 Methodology, the project was developed by TCT in partnership with the Hood River County Forestry Department.

In the Pacific Northwest’s highly productive forests and strong timber market, there is immense potential to store more carbon through extending timber rotations beyond typical practices. Landowners frequently harvest all their timber over 45 years old in the northwest. Carbon crediting is based on the County Tree Farm committing to extend the average rotation age up to 90-years, far exceeding average age class and structural diversity observed on nearby industrially managed forests. The project will employ a dynamic baseline that requires recalculating carbon credit impact every few years to ensure ongoing crediting accuracy.

County residents and the larger community will benefit from the carbon project being located on a publicly owned and managed forest. “Community forest carbon projects like the Hood River County Tree Farm benefit so many people,” said Julius Pasay, TCT’s Executive Director. “We are thrilled that this project is generating public revenue in addition to supporting recreational opportunities for the community.”

“In timber-dependent counties, counties look to timber harvest as a means to fund essential services,” elaborated Allison Williams, Hood River County’s Administrator. “The carbon project provides an incentive to manage the forest for public benefit and disincentivize increasing timber harvest to fund general operations.”

Open to the public, The Hood River County Tree Farm serves as an important area for recreation activities such as mountain biking, OHV and hiking. In addition to these recreational opportunities, the Tree Farm’s sustainable management supports and protects a vibrant ecosystem that many threatened species rely on including the Northern Spotted Owl, Bull Trout, Chinook Salmon, Coho Salmon, and Steelhead.

If you’re interested in supporting this project, click here to connect with our team.

About The Climate Trust
Founded in 1997, The Climate Trust (TCT) is a nonprofit project developer focused on utilizing carbon markets to scale climate mitigation outcomes. TCT believes that carbon emissions reductions and good land stewardship go hand in hand – a core belief that has driven the organization’s work for over 25 years. TCT seeks to promote healthy ecosystems and resilient communities by scaling nature-based solutions and mobilizing markets to solve ecological issues in three areas of carbon project development and financing: Reforestation/Afforestation, Grassland Conservation, and Improved Forest Management.

Julius Pasay, Executive Director – jpasay@climatetrust.org 

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SOURCE The Climate Trust

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DCI Strengthens Lobbying and Strategic Alliances Teams, Announces New Hires

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Two senior hires bring decades of experience to DCI

WASHINGTON, July 22, 2026 /PRNewswire/ — Bipartisan public affairs firm DCI Group announced the hiring of two seasoned professionals, Tim Dupin and Tim Martin, further strengthening the firm’s strategic alliances and government relations capabilities. Dupin brings decades of experience in labor relations, center-left coalition building, and stakeholder engagement to the firm’s strategic alliances team, while Martin joins DCI Senior Advisor Doug Davenport to expand DCI’s lobbying practice.

Tim Dupin joins DCI as a Director, where he will support coalition-building, stakeholder engagement, and advocacy efforts, with a particular focus on labor organizations and allied constituencies. He brings extensive experience in center-left strategic alliances, grassroots advocacy, third-party engagement, and labor relations.

“Tim Dupin has built an impressive career bringing together organizations, advocates, and stakeholders to advance meaningful policy priorities,” said Managing Partner Brian McCabe. “As a bipartisan firm, his deep relationships within the labor community and extensive experience leading center-left coalition and grassroots efforts will strengthen DCI’s strategic alliances team and create even greater opportunities for our clients to build broad-based support for their initiatives.”

Prior to joining DCI, Dupin served as Director of Political Action at the International Association of Fire Fighters (IAFF), where he managed national political and legislative campaigns. Dupin previously served as a firefighter and labor leader in Kansas City, Missouri, including as President of the Greater Kansas City Fire Fighters IAFF Local 42, and retired as a Fire Captain. He received a Bachelor of Arts in Labor Studies from the National Labor College and attended the Harvard Trade Union Program at Harvard Law School.

“DCI was built on growing and maintaining relationships, and I’m thrilled to support the strategic alliances team,” Dupin said. “I’m impressed with the character of the people who work at DCI, their commitment to their clients, and their singular focus on execution. I’m excited to be part of the team.”

Meanwhile, Tim Martin joins DCI as a Senior Vice President, where he will help expand the firm’s government relations and lobbying practice. Working alongside DCI Senior Advisor Doug Davenport, he brings deep experience in transportation, energy, and regulatory policy.

“Tim Martin brings exactly the kind of experience clients need as they navigate an increasingly complex legislative and regulatory environment,” said DCI Managing Partner Justin Peterson. “His background advising on transportation, energy, and public policy, combined with years of experience on Capitol Hill and in private practice, will be instrumental as we continue to grow our government relations and lobbying capabilities.”

Prior to joining DCI, Martin served as Vice President at Invariant, where he advised clients on legislative and regulatory strategy and led the firm’s transportation and infrastructure practice group. He previously served as Public Policy Counsel at WilmerHale, legislative director for Congressman Rodney Davis (R-IL), and general counsel to Congressman Scott Tipton (R-CO). Tim received a Juris Doctor from New York Law School and a Bachelor of Arts in Journalism and Mass Communication from the University of North Carolina at Chapel Hill. He is originally from Summit, New Jersey.

“I’m excited to help grow DCI’s lobbying practice,” Martin said. “For years, DCI has been known for having the best public affairs operation in the business. Adding lobbying services will only enhance the firm’s effectiveness for our clients, and I’m proud to be a part of that.”

 

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SOURCE DCI GROUP AZ, L.L.C.

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