Artificial Intelligence
Global Blockchain Technology Industry
New York, March 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Blockchain Technology Industry” – https://www.reportlinker.com/p05443600/?utm_source=GNW
In addition to being a global intelligence exchange platform, MarketGlass™ is a powerful knowledge center that delivers dynamic project-focused market intelligence. Client companies will have complete insider access to the project Data stack.
– Interactive peer-to-peer and enterprise-to-enterprise ideation and market intelligence exchange is facilitated via a robust, secure, and validated process. The process draws from uniquely qualified project-specific and geographically focused executives overseeing business development, marketing and sales operations.
- Trends & Factors – Identifying and validating local trends and factors driving each competitive marketplace. These factors include pricing variances, market trajectories, Covid-19 impact and recovery, locally active leading brands, and other parameters impacting the region in the short to medium term such as supply chain realignments.
- Mobile Access & App – Our mobile version of the report may be accessed via our mobile app or directly for a full mobile experience.
- Complimentary Updates – for one year. At least one update in 12-month period is normal and anytime there’s a significant change affecting the market dynamics.
- Bespoke Updates & Team Collaborations – Clients may build a bespoke version of our report with peers on our MarketGlass™ platform which enables multidimensional data simulations.
- Knowledge Center – clients have full-stack data access for project data they support or purchase including primary research engagement stats, companies and executives.
Abstract:
– The Pandemic Highlights Blockchain’s Potential Role in Increasing Resilience of Business Communities & Ecosystems. The Market to Reach US$30.7 Billion.
– The global market for Blockchain Technology is projected to reach US$30.7 billion by the year 2027, trailing a post COVID-19 CAGR of 43% over the analysis period 2020 through 2027. At a time when the global economic climate is spinning out of control, the blockchain technology market is expected to face severe short-term challenges in the year 2020. This year is expected to end on a dismal note as the pandemic continues to rage through the globe flaring up in second and third waves of infections, each worse than the previous wave, continuing to cause large scale human and financial destruction in countries across the world. Pessimism remains high among chief information officers (CIOs). The continued decline in business confidence is an indication of the gradually worsening economic climate, since business confidence is a well-known leading indicator of future output. Business confidence, in other words, is a barometer of investment growth. As companies revisit their Investment spending plans, its little surprise that IT budgets are being slashed. IT budgets which in the pre-pandemic period was projected to grow by over 5.5% to 6.8% supported largely by enterprise software spending is now set for sharp downward revisions. This downward revision comes despite the fact that the pandemic has set into motion a digital transformation wave. While emerging technologies like AI, IoT, automation, big data, and blockchain will benefit in the post COVID-19 period as essential technologies to have to ensure resilience to future disruptions, they currently come under the non-essential bracket especially for companies struggling to survive and remain afloat.
– Virtually every technology company is facing financial challenges of disrupted supply chains, business opportunities and low consumer demand for goods and services. Inability to meet quarterly revenue targets mean reduced available funds for planned IT projects. Over 45% to 55% of CIOs expect negative impact on IT budgets in the range of -10% to -40% as compared to the less than 20% who expect spending to actually increase. Excluding automation, cloud computing and technologies for remote working which are high priority as businesses come under pressure to enable WFM and remote operation to ensure business continuity, all other IT spending are being slashed. Blockchain technology will witness decline in all application areas, industrial and non-industrial sectors. While blockchain is witnessing dwindling investments, these glitches are likely to be transitory and the technology is anticipated to spring back relatively quickly than other legacy options. The technology is estimated to witness the highest level of spending over the coming years owing to its intriguing characteristics like redundancy, decentralization and transparency. These aspects are bound to push blockchain adoption across a diverse spectrum of domains, from financial services and healthcare to supply chains. The technology is expected to experience increasing interest and spending across various applications and industry verticals for addressing concerns associated with traditional options, enabling companies to gain an edge over competitors. The technology has become an integral part of business-to-business and business-to-consumer commerce, products and legal processes. Blockchain holds significant potential for prescription management, medical data, online shopping and other areas.
– The technology is likely to help companies in controlling supply chains, achieving traceability of products and maintaining auditable record of goods movement. Blockchain is anticipated to present new opportunities for participants to manage supply chains, track insurance records and verify medical data. Despite certain degree of reluctance, the technology is poised to find increasing acceptance across manufacturing and professional services companies in the post-pandemic era. The technology is estimated to receive a notable investment of $14.4 billion globally by 2023. The manufacturing & resources sector is estimated to register the fastest growth of 60.5% in terms of blockchain spend, followed by the distribution & services sector, which is forecast to post a solid CAGR of around 58.7%. Despite modest level of risks across majority of industries, blockchain-related deployments are slated to increase in the professional services, healthcare, manufacturing and retail industries owing to the requirement for coordination through the value chain. Regionally, the US is anticipated to remain at forefront of blockchain spending. Following slowdown, blockchain spend in majority of regions is likely to increase notably over 2018-2023, with Central and Eastern Europe & Western Europe leading from the front with a CAGR of more than 63%. Asia-Pacific is estimated to contribute nearly 19.3% of the total spending on blockchain technology in 2020. The regional market is expected to be fueled by increasing investments in the BFSI sector. The technology is anticipated to receive a major stimulus from increasing focus of various countries in Asia-Pacific to improve existing payment techniques and maintain records associated with regulatory compliance.
Select Competitors (Total 251 Featured) –
- AlphaPoint Corporation
- Blockchain Global
- Blockchain Tech Ltd
- BlockCypher, Inc.
- Bloq
- Chain, Inc.
- Coinfirm Ltd.
- Consensus Systems Technologies Corporation
- Credits
- Digital Asset Holdings, LLC
- IBM
- LUKKA, INC.
- Microsoft Corporation
- Monax Industries
- Nasdaq
- Ping Identity Corporation
- The Bitfury Group
- The Linux Foundation
Read the full report: https://www.reportlinker.com/p05443600/?utm_source=GNW
I. METHODOLOGY I-1
II. EXECUTIVE SUMMARY II-1
1. MARKET OVERVIEW II-1
Born Out of Bitcoin, Blockchain Technology Emerges to Disrupt
the Digital Economy II-1
The History of Bitcoin, Its Evolution, Its Short-lived Ascend
To Boom & Its Downfall II-1
Exhibit 1: The Insider Truth About Bitcoins Shows Why This
Cryptocurrency is Dying: Bitcoins in Circulation in the Global
Market (In 000s) for the Year 2020 II-4
Blockchain Technology Rises from the Ashes of Bitcoin II-5
So What Are the Many Benefits of Blockchain That Double Up as
Drivers of Adoption? II-7
How the COVID-19 Pandemic Destroyed the Global Economy II-9
Exhibit 2: COVID-19 Leaves the World in Shambles & Industries
and Markets Upended: World Economic Growth Projections (Real
GDP, Annual % Change) for 2019, 2020 & 2021 II-13
Spending On Blockchain Technology Slumps by -6.9% in Fiscal
Year 2020 II-14
A Quick Post-COVID-19 Recovery Expected in 2021 II-15
Despite the Current Slack in Demand, Blockchain Technology
Joins in the Fight Against COVID-19 II-16
Recent Market Activity II-20
Innovations II-22
World Brands II-25
2. FOCUS ON SELECT PLAYERS II-29
3. MARKET TRENDS & DRIVERS II-30
A Review of Market Outlook Expected In the Post COVID-19 Period II-30
COVID-19 Triggers Unprecedented Disruptions in the Supply Chain
& Accelerates the Urgency to Rethink Supply Chain Management II-34
Exhibit 3: Unprecedented Losses Sustained in the Supply Chain
Bodes Well for Integration of Emerging Technologies like
Blockchain to Enhance Resilience & Reliability: Global Losses
in Supply Chain as a % of Earnings Before Interest, Taxes,
Depreciation & Amortization (EBITDA) in the Year 2020 II-37
Here?s How The Role of Blockchain Becomes Bigger in Post COVID
-19 Management of Supply Chains II-38
COVID-19 to Emerges as the Push Factor for Adoption of
Blockchain in Healthcare II-39
Here?s How the Pandemic Is Accelerating Digitalization of
Healthcare II-39
Exhibit 4: Accelerated by COVID-19, the Digitalization of
Healthcare System Offers Robust Opportunities for Blockchain
Deployment: Global Digital Health Market (In US$ Million) for
Years 2020, 2022, 2024, 2027 II-42
Rise of Telemedicine During COVID-19 Times Brings Blockchain
Into the Spotlight to Protect Telemedicine Programs II-42
Exhibit 5: As Telemedicine Explodes Into a Major Channel for
Virtual Healthcare Delivery So Does Blockchain?s Role in
Advancing Secure Data Sharing: Telehealth Visits in the U.S
(In Million) for the Year 2020 II-45
Other Ways in Which Blockchain Can Revolutionize the Healthcare
System in the Post COVID-19 Period II-45
Storming Into the Spotlight Is the Use of Blockchain in
Fighting Counterfeiting of Drugs & Managing Clinical Trials II-48
Exhibit 6: Rising Incidence of Counterfeiting in the
Pharmaceutical Industry Pushes Up the Urgency to Leverage the
Security Benefits Promised by Blockchain: Global Number of
Pharmaceutical Counterfeiting Incidents for Years 2000,
2005, 2010, 2015, 2019 & 2022 II-50
Post COVID-19 Focus on Sustainability to Drive Blockchain
Adoption in Environmental Governance II-51
Here?s Why the Environment & Sustainability Will be Top
Priorities After the Pandemic II-51
How Blockchain Can Help Address the Sustainability Challenge? II-52
Inefficiencies of Public Sector & Government Agencies Can Now
Finally Be Addressed Using Blockchain II-55
Blockchain-Enabled E-Voting Could Very Well be the Future of
Organizational & National Voting II-57
A Growing Market for Smart Agriculture to Boost Adoption of
Blockchain II-57
Smart Agriculture Becomes a US$12 Billion Global Market II-57
Exhibit 7: Smart Agriculture Opens a Wealth of Opportunity for
Blockchain Technology: Global Smart Agriculture Market (In US$
Billion) for the Years 2020, 2022, 2024 & 2026 II-60
Blockchain?s Role in Smart Agriculture Demystified II-60
Growing IoT Ecosystems Systems to Power Blockchain Implementations II-62
Exhibit 8: The Missing Link Between Security and IoT is
Blockchain: Global M2M/IoT Connections (In Billion) for Years
2019, 2021, 2023 II-66
Smart Contracts Are Among the Most Promising Use Cases of
Distributed Ledger Technology II-66
Financial Services Sector: The Most Lucrative Application Area
for Blockchain II-67
Blockchain to Improve Transparency, Security, Immutability &
Accessibility of Financial Systems & Processes II-67
Blockchain Can Help in Financial Inclusion of the Unbanked II-69
Exhibit 9: Global Push for Financial Inclusion Amidst the Still
High Numbers of Unbanked People to Benefit Deployment of
Blockchain to Remedy the Situation: Unbanked Population as a
% of Total Population by Region for the Year 2020 II-70
Online Banking Fraud Could Become History With Blockchain II-71
Exhibit 10: Mind Bending Losses Accruing Due to Online Banking
Fraud Pushes Up the Urgency to Explore the Unrivalled Security
Benefits Offered by Blockchain: Cumulative Global Online
Fraud (In US$ Billion) Between 2020 to 2024 by Region II-72
Blockchain-based Payments Processing: An Active Area of
Interest for Banks II-72
Huge Potential for Blockchain Technology in the Pharmaceutical
Industry II-73
Blockchain & Artificial Intelligence (AI): A Powerful Combination II-75
How the Travel Industry Is Benefiting from Blockchain & AI Combo II-77
A Promising Growth Outlook for Blockchain Technology in the
Energy Sector II-78
Blockchain Powered Solutions to Streamline Processes in
Logistics, Trucking and Commercial Transportation Industry II-79
Promising Future for Blockchain in Media, Advertising &
Entertainment Market II-80
4. GLOBAL MARKET PERSPECTIVE II-85
Table 1: World Current & Future Analysis for Blockchain
Technology by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-85
Table 2: World Historic Review for Blockchain Technology by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-86
Table 3: World 11-Year Perspective for Blockchain Technology by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2016, 2020 & 2027 II-87
Table 4: World Current & Future Analysis for Public by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-88
Table 5: World Historic Review for Public by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2016 through 2019 II-89
Table 6: World 11-Year Perspective for Public by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2016, 2020 & 2027 II-90
Table 7: World Current & Future Analysis for Private by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-91
Table 8: World Historic Review for Private by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2016 through 2019 II-92
Table 9: World 11-Year Perspective for Private by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2016, 2020 & 2027 II-93
Table 10: World Current & Future Analysis for Hybrid by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-94
Table 11: World Historic Review for Hybrid by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2016 through 2019 II-95
Table 12: World 11-Year Perspective for Hybrid by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2016, 2020 & 2027 II-96
Table 13: World Current & Future Analysis for Infrastructure &
Protocols by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-97
Table 14: World Historic Review for Infrastructure & Protocols
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-98
Table 15: World 11-Year Perspective for Infrastructure &
Protocols by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2016, 2020 & 2027 II-99
Table 16: World Current & Future Analysis for Application &
Solutions by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-100
Table 17: World Historic Review for Application & Solutions by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-101
Table 18: World 11-Year Perspective for Application & Solutions
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-102
Table 19: World Current & Future Analysis for Middleware by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-103
Table 20: World Historic Review for Middleware by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2016 through 2019 II-104
Table 21: World 11-Year Perspective for Middleware by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-105
Table 22: World Current & Future Analysis for Financial
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-106
Table 23: World Historic Review for Financial Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-107
Table 24: World 11-Year Perspective for Financial Services by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-108
Table 25: World Current & Future Analysis for Healthcare by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-109
Table 26: World Historic Review for Healthcare by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2016 through 2019 II-110
Table 27: World 11-Year Perspective for Healthcare by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-111
Table 28: World Current & Future Analysis for Transportation &
Logistics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-112
Table 29: World Historic Review for Transportation & Logistics
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-113
Table 30: World 11-Year Perspective for Transportation &
Logistics by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2016, 2020 & 2027 II-114
Table 31: World Current & Future Analysis for Government by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-115
Table 32: World Historic Review for Government by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2016 through 2019 II-116
Table 33: World 11-Year Perspective for Government by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-117
Table 34: World Current & Future Analysis for Retail by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-118
Table 35: World Historic Review for Retail by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2016 through 2019 II-119
Table 36: World 11-Year Perspective for Retail by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2016, 2020 & 2027 II-120
Table 37: World Current & Future Analysis for Media &
Entertainment by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 II-121
Table 38: World Historic Review for Media & Entertainment by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-122
Table 39: World 11-Year Perspective for Media & Entertainment
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-123
Table 40: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027 II-124
Table 41: World Historic Review for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2016 through 2019 II-125
Table 42: World 11-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2016, 2020 & 2027 II-126
III. MARKET ANALYSIS III-1
GEOGRAPHIC MARKET ANALYSIS III-1
UNITED STATES III-1
Table 43: USA Current & Future Analysis for Blockchain
Technology by Type – Public, Private and Hybrid – Independent
Analysis of Annual Revenues in US$ Thousand for the Years 2020
through 2027 III-1
Table 44: USA Historic Review for Blockchain Technology by Type –
Public, Private and Hybrid Markets – Independent Analysis of
Annual Revenues in US$ Thousand for Years 2016 through 2019 III-2
Table 45: USA 11-Year Perspective for Blockchain Technology by
Type – Percentage Breakdown of Value Revenues for Public,
Private and Hybrid for the Years 2016, 2020 & 2027 III-3
Table 46: USA Current & Future Analysis for Blockchain
Technology by Component – Infrastructure & Protocols,
Application & Solutions and Middleware – Independent Analysis
of Annual Revenues in US$ Thousand for the Years 2020 through
2027 III-4
Table 47: USA Historic Review for Blockchain Technology by
Component – Infrastructure & Protocols, Application & Solutions
and Middleware Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2016 through 2019 III-5
Table 48: USA 11-Year Perspective for Blockchain Technology by
Component – Percentage Breakdown of Value Revenues for
Infrastructure & Protocols, Application & Solutions and
Middleware for the Years 2016, 2020 & 2027 III-6
Table 49: USA Current & Future Analysis for Blockchain
Technology by End-Use – Financial Services, Healthcare,
Transportation & Logistics, Government, Retail, Media &
Entertainment and Other End-Uses – Independent Analysis of
Annual Revenues in US$ Thousand for the Years 2020 through 2027 III-7
Table 50: USA Historic Review for Blockchain Technology by
End-Use – Financial Services, Healthcare, Transportation &
Logistics, Government, Retail, Media & Entertainment and Other
End-Uses Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2016 through 2019 III-8
Table 51: USA 11-Year Perspective for Blockchain Technology by
End-Use – Percentage Breakdown of Value Revenues for Financial
Services, Healthcare, Transportation & Logistics, Government,
Retail, Media & Entertainment and Other End-Uses for the Years
2016, 2020 & 2027 III-9
CANADA III-10
Table 52: Canada Current & Future Analysis for Blockchain
Technology by Type – Public, Private and Hybrid – Independent
Analysis of Annual Revenues in US$ Thousand for the Years 2020
through 2027 III-10
Table 53: Canada Historic Review for Blockchain Technology by
Type – Public, Private and Hybrid Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2016
through 2019 III-11
Table 54: Canada 11-Year Perspective for Blockchain Technology
by Type – Percentage Breakdown of Value Revenues for Public,
Private and Hybrid for the Years 2016, 2020 & 2027 III-12
Table 55: Canada Current & Future Analysis for Blockchain
Technology by Component – Infrastructure & Protocols,
Application & Solutions and Middleware – Independent Analysis
of Annual Revenues in US$ Thousand for the Years 2020 through
2027 III-13
Table 56: Canada Historic Review for Blockchain Technology by
Component – Infrastructure & Protocols, Application & Solutions
and Middleware Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2016 through 2019 III-14
Table 57: Canada 11-Year Perspective for Blockchain Technology
by Component – Percentage Breakdown of Value Revenues for
Infrastructure & Protocols, Application & Solutions and
Middleware for the Years 2016, 2020 & 2027 III-15
Table 58: Canada Current & Future Analysis for Blockchain
Technology by End-Use – Financial Services, Healthcare,
Transportation & Logistics, Government, Retail, Media &
Entertainment and Other End-Uses – Independent Analysis of
Annual Revenues in US$ Thousand for the Years 2020 through 2027 III-16
Table 59: Canada Historic Review for Blockchain Technology by
End-Use – Financial Services, Healthcare, Transportation &
Logistics, Government, Retail, Media & Entertainment and Other
End-Uses Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2016 through 2019 III-17
Table 60: Canada 11-Year Perspective for Blockchain Technology
by End-Use – Percentage Breakdown of Value Revenues for
Financial Services, Healthcare, Transportation & Logistics,
Government, Retail, Media & Entertainment and Other End-Uses
for the Years 2016, 2020 & 2027 III-18
JAPAN III-19
Table 61: Japan Current & Future Analysis for Blockchain
Technology by Type – Public, Private and Hybrid – Independent
Analysis of Annual Revenues in US$ Thousand for the Years 2020
through 2027 III-19
Table 62: Japan Historic Review for Blockchain Technology by
Type – Public, Private and Hybrid Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2016
through 2019 III-20
Table 63: Japan 11-Year Perspective for Blockchain Technology
by Type – Percentage Breakdown of Value Revenues for Public,
Private and Hybrid for the Years 2016, 2020 & 2027 III-21
Table 64: Japan Current & Future Analysis for Blockchain
Technology by Component – Infrastructure & Protocols,
Application & Solutions and Middleware – Independent Analysis
of Annual Revenues in US$ Thousand for the Years 2020 through
2027 III-22
Table 65: Japan Historic Review for Blockchain Technology by
Component – Infrastructure & Protocols, Application & Solutions
and Middleware Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2016 through 2019 III-23
Table 66: Japan 11-Year Perspective for Blockchain Technology
by Component – Percentage Breakdown of Value Revenues for
Infrastructure & Protocols, Application & Solutions and
Middleware for the Years 2016, 2020 & 2027 III-24
Table 67: Japan Current & Future Analysis for Blockchain
Technology by End-Use – Financial Services, Healthcare,
Transportation & Logistics, Government, Retail, Media &
Entertainment and Other End-Uses – Independent Analysis of
Annual Revenues in US$ Thousand for the Years 2020 through 2027 III-25
Table 68: Japan Historic Review for Blockchain Technology by
End-Use – Financial Services, Healthcare, Transportation &
Logistics, Government, Retail, Media & Entertainment and Other
End-Uses Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2016 through 2019 III-26
Table 69: Japan 11-Year Perspective for Blockchain Technology
by End-Use – Percentage Breakdown of Value Revenues for
Financial Services, Healthcare, Transportation & Logistics,
Government, Retail, Media & Entertainment and Other End-Uses
for the Years 2016, 2020 & 2027 III-27
CHINA III-28
Table 70: China Current & Future Analysis for Blockchain
Technology by Type – Public, Private and Hybrid – Independent
Analysis of Annual Revenues in US$ Thousand for the Years 2020
through 2027 III-28
Table 71: China Historic Review for Blockchain Technology by
Type – Public, Private and Hybrid Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2016
through 2019 III-29
Table 72: China 11-Year Perspective for Blockchain Technology
by Type – Percentage Breakdown of Value Revenues for Public,
Private and Hybrid for the Years 2016, 2020 & 2027 III-30
Table 73: China Current & Future Analysis for Blockchain
Technology by Component – Infrastructure & Protocols,
Application & Solutions and Middleware – Independent Analysis
of Annual Revenues in US$ Thousand for the Years 2020 through
2027 III-31
Table 74: China Historic Review for Blockchain Technology by
Component – Infrastructure & Protocols, Application & Solutions
and Middleware Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2016 through 2019 III-32
Table 75: China 11-Year Perspective for Blockchain Technology
by Component – Percentage Breakdown of Value Revenues for
Infrastructure & Protocols, Application & Solutions and
Middleware for the Years 2016, 2020 & 2027 III-33
Table 76: China Current & Future Analysis for Blockchain
Technology by End-Use – Financial Services, Healthcare,
Transportation & Logistics, Government, Retail, Media &
Entertainment and Other End-Uses – Independent Analysis of
Annual Revenues in US$ Thousand for the Years 2020 through 2027 III-34
Table 77: China Historic Review for Blockchain Technology by
End-Use – Financial Services, Healthcare, Transportation &
Logistics, Government, Retail, Media & Entertainment and Other
End-Uses Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2016 through 2019 III-35
Table 78: China 11-Year Perspective for Blockchain Technology
by End-Use – Percentage Breakdown of Value Revenues for
Financial Services, Healthcare, Transportation & Logistics,
Government, Retail, Media & Entertainment and Other End-Uses
for the Years 2016, 2020 & 2027 III-36
EUROPE III-37
Table 79: Europe Current & Future Analysis for Blockchain
Technology by Geographic Region – France, Germany, Italy, UK
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2020 through 2027 III-37
Table 80: Europe Historic Review for Blockchain Technology by
Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2016 through 2019 III-38
Table 81: Europe 11-Year Perspective for Blockchain Technology
by Geographic Region – Percentage Breakdown of Value Revenues
for France, Germany, Italy, UK and Rest of Europe Markets for
Years 2016, 2020 & 2027 III-39
Table 82: Europe Current & Future Analysis for Blockchain
Technology by Type – Public, Private and Hybrid – Independent
Analysis of Annual Revenues in US$ Thousand for the Years 2020
through 2027 III-40
Table 83: Europe Historic Review for Blockchain Technology by
Type – Public, Private and Hybrid Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2016
through 2019 III-41
Table 84: Europe 11-Year Perspective for Blockchain Technology
by Type – Percentage Breakdown of Value Revenues for Public,
Private and Hybrid for the Years 2016, 2020 & 2027 III-42
Table 85: Europe Current & Future Analysis for Blockchain
Technology by Component – Infrastructure & Protocols,
Application & Solutions and Middleware – Independent Analysis
of Annual Revenues in US$ Thousand for the Years 2020 through
2027 III-43
Table 86: Europe Historic Review for Blockchain Technology by
Component – Infrastructure & Protocols, Application & Solutions
and Middleware Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2016 through 2019 III-44
Table 87: Europe 11-Year Perspective for Blockchain Technology
by Component – Percentage Breakdown of Value Revenues for
Infrastructure & Protocols, Application & Solutions and
Middleware for the Years 2016, 2020 & 2027 III-45
Table 88: Europe Current & Future Analysis for Blockchain
Technology by End-Use – Financial Services, Healthcare,
Transportation & Logistics, Government, Retail, Media &
Entertainment and Other End-Uses – Independent Analysis of
Annual Revenues in US$ Thousand for the Years 2020 through 2027 III-46
Table 89: Europe Historic Review for Blockchain Technology by
End-Use – Financial Services, Healthcare, Transportation &
Logistics, Government, Retail, Media & Entertainment and Other
End-Uses Markets – Independent Analysis of Annual Revenues in
US$ Thousand for Years 2016 through 2019 III-47
Table 90: Europe 11-Year Perspective for Blockchain Technology
Please contact our Customer Support Center to get the complete Table of Contents
Read the full report: https://www.reportlinker.com/p05443600/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
Photo – https://mma.prnewswire.com/media/2416174/Regeneron_ISEF_2024_Winners_Photo.jpg
Logo – https://mma.prnewswire.com/media/2416197/Society_for_Science_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/more-than-9-million-awarded-to-high-school-scientists-and-engineers-at-the-regeneron-international-science-and-engineering-fair-2024-302149316.html
Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
View original content:https://www.prnewswire.co.uk/news-releases/jp-morgan-life-sciences-private-capital-blue-horizon-advisors-and-united-al-saqer-announce-winner-of-inaugural-2024-life-sciences-innovation-summit-302149186.html
Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
Photo – https://mma.prnewswire.com/media/2415818/Global_Data_Center_Facility_Summit_2024.jpg
View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html
-
Uncategorized6 days ago
Crossover Markets Becomes First Crypto ECN to Integrate with Talos
-
Artificial Intelligence6 days ago
MSI Highlights Optimized AI Platforms to Accelerate Compute-Intensive Applications at ISC 2024
-
Artificial Intelligence5 days ago
Advanced HPC Server Platforms by MiTAC and TYAN Spotlighted at ISC High Performance 2024
-
Uncategorized6 days ago
Precisely Showcases Critical Role of Trusted Data in AI at the Gartner® Data & Analytics Summit in London
-
Uncategorized4 days ago
Artificial intelligence tool detects sex-related differences in brain structure
-
Artificial Intelligence6 days ago
LG CEO EMBARKS ON STRATEGIC U.S. VISIT TO ENHANCE AI INITIATIVES
-
Artificial Intelligence6 days ago
Supermicro’s Rack Scale Liquid-Cooled Solutions with the Industry’s Latest Accelerators Target AI and HPC Convergence
-
Artificial Intelligence2 days ago
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event