Procurement Research Report on the Global Blockchain Technology Market Now Available from SpendEdge
The increased adoption of technological innovations, such as specialized HR software and HR analytics, and resultant cost reduction and efficiency enhancement are compelling organizations to avail the HR outsourcing services.
LONDON: The procurement research report on the blockchain technology market is an indispensable part of SpendEdge’s IT category portfolio and offers an in-depth assessment of the key factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. Furthermore, it also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
Mostly, all monetary transactions are carried out through financial intermediaries such as banks. However, the existence of intermediaries often leads to delays in the processing of transactions and increases the cost. However, by implementing blockchain technology, all the transactions are carried out through cryptographic codes known as keys. These keys are unique for each user and allow users to easily transact with each other, without relying on any intermediary.
“As blockchain technology is highly complex it is highly advised that users undertake comprehensive prototyping before going live with any solution,” says Bhuvaneshwari Udayakumar, an IT industry procurement research specialist at SpendEdge.
Presently, the blockchain industry is developing multiple solutions for each sector. While this rapid development is fostering the growth of the category, it is also creating issues for purchasing managers. This is because solutions are being developed with different technical standards, resulting in non-uniformity. This severely restricts the interoperability between the software, devices, and platform of the purchasing managers with the blockchain technology system.
Need more insights on this report?
This procurement report on the blockchain technology market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Pricing models and category innovations
- Negotiation strategies and cost-saving opportunities
- For a comprehensive, detailed list, view our full report
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