Electronic Components for The Blockchain

The blockchain is a decentralized, circulated, open database that is utilized to record data exchanges over numerous computers around the globe. The blockchains ledge is managed autonomously using a peer-to-peer network and a time stamping servers distributed across the network. We supply the electronic components to fuel the blockchain such as sensors, ICs and chips.

The blockchain in the manufacturing market is expected to be worth $567,000,000 by 2025,including automotive, energy & power, industrial, and pharmaceutical integrations, according to a new market research report. The blockchain is heavily reliant on electronic components to fuel the chips and technology and the AI implementation of smart contracts coupled with blockchain in the electronics industry will greatly transform the supply chain.


Factors driving the exponential growth in blockchain technology implementation include, AI, blockchain-as-a-Service (BaaS), a spike in venture capital investments, an increase in initial coin offerings (ICOS) and an uptick in real time data analysis, as well as the emergence of of operational technology (OT) and information technology (IT).

For example, within pharmaceuticals the blockchain will likely be used for tracking prescription drugs as a means of transparently tracking prescription medicine distribution.

In the auto industry, blockchain technology will make 'the connected car' possible. By 2020, it is estimated that approximately $250,000,000 connected cars will be on roads across the globe, each equipped with at least 200 smart sensors for car informatics, infotainment systems and the like.

Within the energy and power industries, the blockchain will expedite energy futures compliance and trading. It will help energy companies by helping to log their resources and maintain regulatory compliance.

Here are some of the top electronic component manufacturers within blockchain: Blockchain
  • Storj Labs Inc. (US);
  • Cloud Technology Partners, Inc. (US);
  • NVIDIA Corporation (US);
  • Chronicled (US);
  • LO3 Energy (US)

For example, companies like NVDIA supply graphics processing units (GPUs) not only for gaming but for the chip units for the mobile computing and automotive market, including blockchain.

If you are looking for electronic parts for your systems, contact Summit Electronics for a free quote today.

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