Scope of the Study
A blockchain is a particular type of data structure that is used in some distributed ledgers. It not only holds data but also transmits data in packages termed. Moreover, it helps to connect with each other in a digital chain as well as a shared record of data across various areas. The government has taken steps regarding blockchain. For instance, 2013, the Estonian government has announced to registers including those hosting all citizen and business-related information have used Guardtime to validate databases in every enterprise. In addition, it is also announced that its keyless signature infrastructure combines cryptographic hash with distributed ledger functions.
The market study is being classified by Type (Private Blockchain and Public Blockchain), by Application (Financial transactions, Smart property, Smart contract, Blockchain identity, Supply chain management and Digital voting) and major geographies with country level break-up.
Chain Inc. (United States), IBM Corporation (United States), Accenture PLC (Ireland), Eris Industries (United Kingdom), Intel Corporation (United States), Blockchain Tech Ltd. (Australia), Microsoft Corporation (United States) and Digital Asset Holdings (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Earthport (United Kingdom).
The blockchain distributed ledger market is highly fragmented with the presence of local and regional players operating in the market. Various players are operating in the market such as Chain Inc. (United States), IBM Corporation (United States), Accenture PLC (Ireland), Eris Industries (United Kingdom), among others. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Blockchain Distributed Ledger market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Blockchain Distributed Ledger market by Type, Application and Region.
On the basis of geography, the market of Blockchain Distributed Ledger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Government-Related Initiatives on Block Chains
- Increasing number of Financial Transactions
- Dealing with the Complexity of Cross-Border Payments through Innovation
- Some of the Regulatory and Legal Challenges regarding BlockChain Distribution Ledger
- Increasing Adoption in SMEs and Large Enterprise
- Costs of Transaction as well as Slow Transaction Speed
In January 2020, according to an article published by Business Insider (American financial and business news), Distributed ledgers like blockchain are extremely useful for financial transactions, as they reduce operational inefficiencies. In addition, it also provides greater protection because of its decentralized nature and also due to immutable of the ledgers.
According to dhs.gov, “Some of these challenges are regulatory, policy and governance-related, while some are technical and are platform or use-case specific. Often, these are not discrete, with policy and technical issues blending”.
Key Target Audience
Blockchain Distributed Ledger Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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