Blockchain Identity Software Market Report: CAGR is Projected to 19.3%

Blockchain identity software is used for both identity management and identity verification. These platforms are built on a blockchain or distributed ledger system that provides improved traceability and documentation over traditional identity management solutions that rely on centralized systems.

Many blockchain identity tools rely on zero-knowledge verification, meaning identities are verified without presenting any sensitive information about the individual. Zero-knowledge verification allows users to build out passwordless authentication systems and zero-knowledge proofs for identities.

According to the new market research report “Global Blockchain Identity Software Market Report 2023-2029”, published by QYResearch, the global Blockchain Identity Software market size is projected to reach USD 12.69 billion by 2029, at a CAGR of 19.3% during the forecast period.

• Global Blockchain Identity Software MarketSize(US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Blockchain Identity Software Market Report 2023-2029.

• Global Blockchain Identity Software Top24Players Ranking and Market Share（Based on data of 2021, Continually updated）

Based on or includes research from QYResearch: 2021 data information of Global Blockchain Identity Software Market Report 2023-2029.

The global key manufacturers of Blockchain Identity Software include IBM, Accenture, SecureKey Technologies, BlocWatch, Tokeny Solutions, HYPR, Kaleido, BlockScore, Civic Technologies, Factom, etc. In 2021, the global top five players had a share approximately 35.0% in terms of revenue.

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