About Blockchain Distributed Ledger
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Blockchain Distributed Ledger market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Players which are also part of the research coverage are Earthport (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Blockchain Distributed Ledger market by Type (Private Blockchain and Public Blockchain), Application (Financial transactions, Smart property, Smart contract, Blockchain identity, Supply chain management and Digital voting) 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). If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Blockchain Distributed Ledger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Government will boost the Blockchain Distributed Ledger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Dealing with the Complexity of Cross-Border Payments through Innovation
Market Growth Drivers:
Government-Related Initiatives on Block Chains and Increasing number of Financial Transactions
Challenges:
Costs of Transaction as well as Slow Transaction Speed
Restraints:
Some of the Regulatory and Legal Challenges regarding BlockChain Distribution Ledger
Opportunities:
Increasing Adoption in SMEs and Large Enterprise
Market Leaders and their expansionary development strategies
In February 2024, Singapore-based Contour trade finance network Xalts a Citi and Accel-backed startup, has announced that it has acquired the blockchain network. The combination of these two companies into one firm with an expanded vision and a great leadership team will accelerate innovation in global trade finance,
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.