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2018 Market Report: blockchain has the greatest prospects in logistics, public administration and healthcare sectors in China

A recent 2018 Market Report released by PricewaterhouseCoopers (PwC) multinational professional services network and VeChain, a Singapore-based enterprise-focused dApp/ICO platform, shows that the most prospective non-financial applications of blockchain technology belong to the fields of logistics, public administration and health care. The authors of the report were focusing on Chinese market analysis.

The underlying statistics demonstrate that blockchain technology sees an increasing demand as applied to security requirements traceability matrixes (SRTMs). Another finding was that more than 50% of the Chinese companies polled have already been using blockchain technologies for distributed data storage, ID authentication, data sharing and supply chain management.