Scope of the Study
A distributed ledger is the consensus of replicated, shared, and synchronised digital data geographically spread across multiple sites, countries, or institutions. Unlike with a distributed database, there is no central administrator. The distributed ledger is also permission or permission less. This determines if anyone or only approved people can run a node to validate transactions. It is the Building block of “internet of value,” and enable recording of interactions and transfer “value” peer-to-peer, without a need for a centrally coordinating entity.
The market study is being classified by Type (Public, Private and Consortium), by Application (Financial Transactions, Smart Property, Smart Contract, Blockchain Identity, Supply Chain Management, Digital Voting and Other) and major geographies with country level break-up.
Chain Inc. (United States), IBM (United States), Accenture (Ireland), Monax Industries (United Kingdom), Intel (United States), Deloitte (United Kingdom), Earthport (United Kingdom), Microsoft (United States) and Digital Asset Holdings (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Blockchain Distributed Ledger Technology (DLT) market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Blockchain Distributed Ledger Technology (DLT) market by Type, Application and Region.
On the basis of geography, the market of Blockchain Distributed Ledger Technology (DLT) 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.
- Benefits Such as Less Transaction Cost, Reduced Chance of Thefts, and a Greater Anonymity than Traditional Electronic Payments.
- Growing Adoption of Technology in Financial Services
- Risk of Unknown Technical Flaws
- Application of Block chain Technology in Wide Range of Industries
- Lack of Awareness about Cryptocurrency among People
Market Leaders and their expansionary development strategies
On June 2020, IBM has acquired Spanugo Cyber security Posture Assurance for the Hybrid Cloud by automating all aspects of Risk, Cyber security, and Compliance Assurance.
Key Target AudienceSoftware Vendors, Banks, Government associations, Research organisations and Others
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase