What is Blockchain DLT in Financial Market?
Blockchain distributed ledger technology (DLT) is a type of system that uses independent computers to share, record, and synchronize transactions in their respective electronic ledgers. In addition, various SMEs and fintech are using distributed ledgers owing to its various benefits, which include reducing operational inefficiencies, to speed up the amount of time a transaction takes to complete, and reducing the overall cost of organizations by automating important tasks. The low risk of data fraudulent activities and less cost of blockchain distributed ledger technology this factors driving the market across the globe.
Highlights from Blockchain DLT in Financial Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | AlphaPoint (United States), Amazon Web Services Inc. (United States), Auxesis Services & Technologies (P) Ltd. (India), Digital Asset Holdings (United States), Earthport (United Kingdom), Huawei Technologies Co. Ltd. (China), Intel Corporation (United States), International Business Machines Corporation (United States) and iXledger (United Kingdom) |
The global blockchain DLT in the financial market is fragmented. The players are focusing on increasing transparency and data protection. This will helped many marketers gain access to accurate leads and provide their customers with a better experience. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
AlphaPoint (United States), Amazon Web Services Inc. (United States), Auxesis Services & Technologies (P) Ltd. (India), Digital Asset Holdings (United States), Earthport (United Kingdom), Huawei Technologies Co. Ltd. (China), Intel Corporation (United States), International Business Machines Corporation (United States) and iXledger (United Kingdom) are some of the key players profiled in the study. Blockchain DLT in Financial Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Finance Sector, Banks and Others |
Type | Public Blockchain, Private Blockchain and Hybrid Blockchain |
On the basis of geography, the market of Blockchain DLT in Financial has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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.
Influencing Trend:
Rising adoption of Distributed Ledger among various Large & Medium Size Enterprises and Increasing Investment in the Private Blockchain Distributed Ledger Technology
Market Growth Drivers:
Low Risk of Data Fraudulent Activities and less Cost of Blockchain Distributed Ledger Technology and Integration of Internet of Things in Blockchain
Challenges:
Lack of Awareness of Cryptocurrency among the People
Restraints:
Lack of Transparency among the Blockchain DLT in Financial
Opportunities:
Increasing Potential for Blockchain DLT applications among various Industries and Rising Investment of Banks and Financial Institution Creating Numerous Opportunity for the Blockchain DLT
Key Target Audience
Blockchain DLT in Financial Service, New Entrants, Regulatory Bodies, Potential Investors and Others
On 24th March 2021, Deutsche Bundesbank announced a successful test with the Deutsche Börse for setting distributed ledger technology securities transactions using the TARGET2 real-time gross settlement system by the mechanism of an atomic transaction.