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US Blockchain in Retail Market

ID: MRFR/ICT/57626-HCR
200 Pages
Aarti Dhapte
October 2025

US Blockchain in Retail Market Research Report By Type (Public, Private, Consortium), By Platform (Bitcoin, Ripple, Ethereum, R3 Corda, Hyperledger Fabric, Multichain, Quorum, Others), By Organization Size (Large Enterprises, SMEs) and By Application (Compliance Management, Database Management, Auditing, Payment Management, Inventory Management, Loyalty And Rewards Management, Fraud Management, Others) - Forecast to 2035

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US Blockchain in Retail Market Summary

As per MRFR analysis, the US blockchain in retail market size was estimated at 2900.0 USD Million in 2024. The US blockchain in-retail market is projected to grow from 3630.22 USD Million in 2025 to 34300.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 25.18% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US blockchain in-retail market is experiencing transformative growth driven by technological advancements and evolving consumer expectations.

  • Enhanced supply chain transparency is becoming a critical focus for retailers aiming to build trust with consumers.
  • Streamlined payment solutions are gaining traction, facilitating quicker transactions and improving customer satisfaction.
  • Increased consumer engagement through personalized experiences is reshaping retail strategies across various segments.
  • Key market drivers include improved inventory management and enhanced data security, which are essential for maintaining competitive advantage.

Market Size & Forecast

2024 Market Size 2900.0 (USD Million)
2035 Market Size 34300.0 (USD Million)
CAGR (2025 - 2035) 25.18%

Major Players

IBM (US), Microsoft (US), Oracle (US), SAP (DE), Walmart (US), Alibaba (CN), Amazon (US), VeChain (SG), Modum (CH)

US Blockchain in Retail Market Trends

The blockchain in-retail market is currently experiencing a transformative phase, driven by advancements in technology and increasing consumer demand for transparency and security. Retailers are increasingly adopting blockchain solutions to enhance supply chain management, improve traceability of products, and streamline payment processes. This shift appears to be motivated by the need to build trust with consumers, as they seek assurance regarding the authenticity and origin of products. Furthermore, the integration of blockchain technology is likely to reduce operational costs and increase efficiency, which may lead to a more competitive retail landscape. In addition, regulatory frameworks are evolving to accommodate the unique characteristics of blockchain technology. This evolution suggests that businesses operating within the blockchain in retail market may benefit from clearer guidelines, potentially fostering innovation and investment. As retailers explore partnerships with technology providers, the market is poised for growth, with an emphasis on creating seamless customer experiences. The ongoing developments indicate a promising future for the blockchain in-retail market, as stakeholders recognize the potential of this technology to reshape traditional retail practices.

Enhanced Supply Chain Transparency

The blockchain in-retail market is witnessing a trend towards improved supply chain transparency. Retailers are leveraging blockchain to track products from origin to shelf, ensuring authenticity and reducing fraud. This transparency not only builds consumer trust but also aids in compliance with regulatory standards.

Streamlined Payment Solutions

Another notable trend is the adoption of blockchain for payment processing. Retailers are exploring cryptocurrency transactions and smart contracts to facilitate faster, more secure payments. This shift may reduce transaction fees and enhance the overall shopping experience for consumers.

Increased Consumer Engagement

The blockchain in-retail market is also seeing a rise in consumer engagement initiatives. Retailers are utilizing blockchain to create loyalty programs and personalized marketing strategies. By offering rewards through blockchain, businesses can foster deeper connections with customers and enhance brand loyalty.

US Blockchain in Retail Market Drivers

Enhanced Data Security

Data security remains a paramount concern in the retail sector, and the blockchain in retail market addresses this issue effectively. By utilizing decentralized ledger technology, retailers can safeguard sensitive customer information and transaction data from potential breaches. The immutable nature of blockchain records ensures that once data is entered, it cannot be altered or deleted, thereby providing a robust defense against fraud and cyberattacks. As retailers increasingly face regulatory scrutiny regarding data protection, the implementation of blockchain solutions may help them comply with stringent regulations, potentially reducing the risk of costly fines. The market for blockchain-based security solutions is projected to grow significantly, indicating a strong demand for enhanced data protection in retail.

Improved Inventory Management

the blockchain in retail market is experiencing a transformation in inventory management practices. By leveraging blockchain technology, retailers can achieve real-time visibility into their inventory levels, which enhances accuracy and reduces the risk of stockouts or overstock situations. This technology allows for the tracking of products from the manufacturer to the consumer, ensuring that retailers have access to precise data regarding product availability. According to recent estimates, the adoption of blockchain solutions in inventory management could lead to a reduction in inventory holding costs by up to 30%. This efficiency not only improves operational performance but also enhances customer satisfaction, as consumers are more likely to find the products they seek in stock.

Increased Regulatory Compliance

the blockchain in retail market is also influenced by the growing need for regulatory compliance. Retailers are facing an increasingly complex landscape of regulations, particularly concerning consumer protection and data privacy. Blockchain technology offers a solution by providing a transparent and auditable record of transactions, which can simplify compliance with various regulations. This capability not only helps retailers avoid potential legal issues but also builds trust with consumers who are concerned about data security and ethical practices. As regulatory frameworks continue to evolve, the adoption of blockchain solutions may become essential for retailers aiming to maintain compliance and competitive advantage.

Sustainable Supply Chain Practices

Sustainability is becoming a critical focus in the retail sector, and the blockchain in retail market is facilitating this shift. By providing transparent tracking of products throughout the supply chain, blockchain technology enables retailers to verify the sustainability of their sourcing practices. This capability allows consumers to make informed choices about the products they purchase, fostering a more environmentally conscious shopping experience. Retailers that adopt blockchain solutions may also benefit from enhanced brand loyalty, as consumers increasingly prefer to support businesses that prioritize sustainability. The market for sustainable retail practices is expected to grow, with blockchain playing a pivotal role in this transformation.

Facilitated Cross-Border Transactions

the blockchain in retail market is poised to revolutionize cross-border transactions, which have traditionally been fraught with delays and high fees. By utilizing blockchain technology, retailers can streamline international payments, reducing transaction times from days to mere minutes. This efficiency is particularly beneficial for e-commerce businesses that operate on a global scale, as it allows them to offer competitive pricing and faster delivery options. Current estimates suggest that blockchain could reduce transaction costs by up to 40%, making it an attractive option for retailers looking to expand their international reach. As more retailers adopt blockchain for cross-border transactions, the market is likely to see increased growth and innovation.

Market Segment Insights

US Blockchain in Retail Market Segment Insights

US Blockchain in Retail Market Segment Insights

Blockchain in Retail Market Type Insights

Blockchain in Retail Market Type Insights

The US Blockchain in Retail Market, categorized by Type, reflects a robust growth trajectory fueled by the increasing adoption of blockchain technology among retail entities. Within this segment, three primary categories emerge: Public, Private, and Consortium. Public blockchain systems serve a significant role, emphasizing transparency and decentralized operations, thereby enhancing trust among consumers and facilitating traceability in supply chains. The engagement in public blockchain is critical as it allows for broader participation and innovation, attracting various retailers to explore decentralized solutions.Conversely, Private blockchains offer retailers a controlled environment where sensitive data can be managed securely while streamlining operations.

This type is preferred by businesses that prioritize confidentiality and require a tailored approach to data management, aiding in internal efficiency and compliance with regulatory standards. Consortium blockchains represent a collaborative effort among multiple organizations to develop shared applications that benefit all participants. This cooperative model fosters industry standards and interoperability, encouraging widespread adoption while minimizing risks associated with technology implementation.The growth of the US Blockchain in Retail Market is supported by trends such as increasing digitization and the rising need for transparency in supply chains which is especially critical in sectors like food and pharmaceuticals.

Challenges such as regulatory uncertainties and the initial costs of implementation can hinder progress; however, the overall benefits present significant opportunities for retailers looking to enhance operational efficiency and customer engagement. The diversification across public, private, and consortium types highlights the flexibility of blockchain technology to meet varying requirements in the retail industry, driving further advancements and compelling retail businesses to leverage these technologies for competitive edge.This ongoing evolution will shape the US Blockchain in Retail Market's future, reinforcing it as a pivotal component of modern retail operations.

As companies navigate these developments, understanding the specifics and advantages of each type becomes essential for leveraging blockchain effectively in the retail sector.

Blockchain in Retail Market Platform Insights

Blockchain in Retail Market Platform Insights

The Platform segment of the US Blockchain in Retail Market is crucial as it encompasses various technologies that facilitate the implementation and operation of blockchain applications in retail. The platforms such as Bitcoin, Ripple, and Ethereum have revolutionized payment systems, enabling quicker and more secure transactions. Ethereum stands out due to its smart contract capabilities, allowing for automation and transparency in business processes. Meanwhile, Ripple focuses on interbank payment settlements, enhancing liquidity and reducing transaction costs, which particularly benefits retail operations.R3 Corda and Hyperledger Fabric cater to specific industry needs, providing privacy and scalability, essential for sensitive retail data.

The multichain architecture allows businesses to connect multiple blockchains, enhancing interoperability, while Quorum emphasizes data privacy for enterprises. As the retail sector increasingly adopts these platforms, the US Blockchain in Retail Market data reflects a growing trend toward digitization and innovation, driven by the need for efficiency, security, and improved customer experience. The utilization of these varied platforms presents opportunities for retailers to optimize their supply chains, enhance traceability, and meet consumer demand for more transparent operations.

Blockchain in Retail Market Organization Size Insights

Blockchain in Retail Market Organization Size Insights

The US Blockchain in Retail Market demonstrates a dynamic landscape influenced significantly by Organization Size, primarily comprised of Large Enterprises and Small to Medium-sized Enterprises (SMEs). Large Enterprises are leveraging blockchain technology for enhancing supply chain transparency, improving transaction security, and streamlining operations, which positions them competitively in a market driven by digital transformation. On the other hand, SMEs are increasingly adopting blockchain solutions due to their ability to lower operational costs and improve customer trust through decentralized systems.This adaptability in SME operations is crucial as it allows them to compete with larger counterparts, fostering innovation and greater market participation.

The trend toward sustainability and ethical consumption further propels both segments to explore blockchain for traceability and accountability in product sourcing. As digital solutions become more prevalent in the retail sector, the respective strategies employed by Large Enterprises and SMEs illustrate diverse approaches within the US Blockchain in Retail Market, revealing opportunities for collaborative growth and the potential for significant market advancements.Overall, the segmentation based on Organization Size underscores the varied applications and benefits of blockchain technology tailored to distinct operational scales in the retail industry.

Blockchain in Retail Market Application Insights

Blockchain in Retail Market Application Insights

The US Blockchain in Retail Market is experiencing robust growth in its Application segment, which encompasses diverse areas such as Compliance Management, Database Management, Auditing, Payment Management, Inventory Management, Loyalty and Rewards Management, and Fraud Management. This growth is fueled by increasing demands for transparency and security in retail transactions, alongside stricter regulatory requirements. Compliance Management is crucial as businesses strive to adhere to regulations while minimizing risk, making it a critical component of the overall market.Database Management ensures that vast data generated by retail operations is securely stored and easily accessible, enhancing operational efficiency.

Payment Management utilizes blockchain for secure and swift transactions, attracting more businesses to adopt this technology. Additionally, Inventory Management, powered by real-time data tracking, helps retailers optimize their supply chains. Loyalty and Rewards Management sees significant adoption as retailers leverage blockchain to create trustworthy loyalty programs. Fraud Management is essential, addressing the rampant issue of fraud in the retail sector by utilizing blockchain for enhanced verification processes.Overall, the Application segment plays a pivotal role in transforming the retail landscape, thereby driving market growth and fostering technological advancements in the industry.

Get more detailed insights about US Blockchain in Retail Market

Key Players and Competitive Insights

The blockchain in-retail market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing consumer demand for transparency and efficiency. Major players such as IBM (US), Microsoft (US), and Walmart (US) are at the forefront, leveraging their extensive resources to innovate and enhance operational capabilities. IBM (US) focuses on providing blockchain solutions that enhance supply chain transparency, while Microsoft (US) emphasizes cloud-based blockchain services that integrate seamlessly with existing enterprise systems. Walmart (US) is actively exploring blockchain applications to improve food safety and traceability, indicating a strategic positioning that prioritizes consumer trust and regulatory compliance. Collectively, these strategies contribute to a competitive environment that is increasingly centered around technological innovation and operational efficiency.

Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance responsiveness to consumer needs. The competitive structure appears moderately fragmented, with a mix of established corporations and emerging startups vying for market share. The influence of key players is substantial, as their investments in blockchain technology not only drive their own growth but also set industry standards that smaller competitors must follow.

In October 2025, IBM (US) announced a partnership with a leading grocery chain to implement a blockchain-based system for tracking food products from farm to table. This strategic move is likely to enhance food safety and reduce waste, aligning with growing consumer expectations for transparency in food sourcing. The partnership underscores IBM's commitment to leveraging blockchain technology to address real-world challenges in the retail sector.

In September 2025, Walmart (US) expanded its blockchain initiatives by launching a pilot program aimed at improving the traceability of its seafood supply chain. This initiative is significant as it not only enhances product safety but also responds to increasing regulatory scrutiny regarding food sourcing practices. By adopting blockchain, Walmart (US) positions itself as a leader in sustainable retail practices, potentially influencing industry-wide standards.

In August 2025, Microsoft (US) unveiled a new blockchain service designed to facilitate secure transactions for retail businesses. This service aims to streamline payment processes and enhance customer experiences, reflecting a broader trend towards digitalization in retail. The introduction of this service indicates Microsoft's strategic focus on integrating blockchain technology into everyday retail operations, thereby enhancing operational efficiency and customer satisfaction.

As of November 2025, current competitive trends in the blockchain in-retail market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. Looking ahead, it appears that competitive differentiation will increasingly hinge on technological advancements and supply chain reliability, rather than solely on price. Companies that prioritize innovation and sustainability are likely to emerge as leaders in this evolving market.

Key Companies in the US Blockchain in Retail Market market include

Industry Developments

Recent developments in the US Blockchain in Retail Market showcase a dynamic landscape as major companies explore and implement blockchain solutions. Shopify has been enhancing its platform to support cryptocurrency transactions, aiming to cater to the growing demand for digital currencies among retailers. Visa has made strides with its blockchain technology to streamline payment processes, appealing to technology-driven merchants. Samsung launched a blockchain-based payment solution for retail partners, further embedding cryptocurrency into everyday transactions. In July 2023, Mastercard completed its acquisition of an advanced blockchain analytics firm to enhance its security offerings for retail clients.

Similarly, in August 2023, Square announced its expansion into blockchain technology, focusing on improving merchant transactions. Growth in market valuation is evident as major players like Coinbase and Amazon are investing heavily in cryptocurrency capabilities, signaling a shift in consumer payment preferences. Notable developments from the last couple of years include Walmart's pilot of blockchain for supply chain transparency in October 2021 and IBM's partnership with major retailers to create blockchain solutions for inventory management in January 2022, collectively fostering innovation and efficiency within the retail sector.

Future Outlook

US Blockchain in Retail Market Future Outlook

The Blockchain in Retail Market is projected to grow at a 25.18% CAGR from 2024 to 2035, driven by enhanced supply chain transparency, consumer demand for security, and operational efficiency.

New opportunities lie in:

  • Integration of blockchain for real-time inventory tracking systems.
  • Development of decentralized loyalty programs to enhance customer engagement.
  • Implementation of smart contracts for automated payment processing.

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and increased adoption.

Market Segmentation

US Blockchain in Retail Market Type Outlook

  • Public
  • Private
  • Consortium

US Blockchain in Retail Market Platform Outlook

  • Bitcoin
  • Ripple
  • Ethereum
  • R3 Corda
  • Hyperledger Fabric
  • Multichain
  • Quorum
  • Others

US Blockchain in Retail Market Application Outlook

  • Compliance Management
  • Database Management
  • Auditing
  • Payment Management
  • Inventory Management
  • Loyalty and Rewards Management
  • Fraud Management
  • Others

US Blockchain in Retail Market Organization Size Outlook

  • Large Enterprises
  • SMEs

Report Scope

MARKET SIZE 2024 2900.0(USD Million)
MARKET SIZE 2025 3630.22(USD Million)
MARKET SIZE 2035 34300.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 25.18% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled IBM (US), Microsoft (US), Oracle (US), SAP (DE), Walmart (US), Alibaba (CN), Amazon (US), VeChain (SG), Modum (CH)
Segments Covered Type, Platform, Organization Size, Application
Key Market Opportunities Integration of blockchain enhances supply chain transparency and consumer trust in the blockchain in-retail market.
Key Market Dynamics Growing adoption of blockchain technology enhances transparency and efficiency in retail supply chains.
Countries Covered US

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FAQs

What is the expected market size of the US Blockchain in Retail Market in 2024?

The US Blockchain in Retail Market is expected to be valued at 3.0 USD Billion in 2024.

What is the projected market size for the US Blockchain in Retail Market by 2035?

By 2035, the US Blockchain in Retail Market is expected to reach a valuation of 102.0 USD Billion.

What is the compound annual growth rate (CAGR) for the US Blockchain in Retail Market from 2025 to 2035?

The CAGR for the US Blockchain in Retail Market from 2025 to 2035 is projected to be 37.792%.

Which segment is expected to dominate the market share in 2035?

The Public segment is expected to dominate with a projected valuation of 39.0 USD Billion in 2035.

What are the expected market sizes for Private and Consortium types in 2035?

By 2035, the Private segment is expected to reach 35.0 USD Billion and the Consortium segment is projected to achieve 28.0 USD Billion.

Who are the key players in the US Blockchain in Retail Market?

Key players include Shopify, Visa, Amazon, Walmart, and Mastercard among others.

What are the anticipated growth opportunities in the US Blockchain in Retail Market?

Expected growth opportunities stem from increased retail automation and enhanced customer experiences.

How has the current global scenario impacted the US Blockchain in Retail Market?

The current global scenario presents both challenges and opportunities for innovation in the US Blockchain in Retail Market.

What applications are driving the growth of the US Blockchain in Retail Market?

Key applications driving growth include supply chain transparency, payment solutions, and fraud prevention.

What is the expected revenue growth for the US Blockchain in Retail Market between 2025 and 2035?

The market is anticipated to experience significant revenue growth, moving from 3.0 USD Billion in 2024 to 102.0 USD Billion by 2035.

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