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Jayashree rathod
Submitted 2019-02-04 06:28:15 FinTech Blockchain Market is expected to reach US$ 6228 Mn by 2026 at a CAGR of 76.10% during the forecast period. Blockchain helps to exchange the values over the internet without an intermediary. FinTech Blockchain has the potential to make processes more transparent http://www.buycheapultraboost.com/ , transform multiple industries and, efficient and secure. There are some financial players which are the first movers to take advantage of this technology infrastructure. Several governments and industries are waking up to the disruptive potential of this technology. This technology expands the collection of app-based services ranging from consumer leading to insurance products to cross-border remittances.

The restraining factors such as lack of awareness and technical understanding about the blockchain technology would hinder the growth of fintech blockchain market. The reduced total cost of ownership, higher compatibility with financial industry ecosystem, Initial Coin Offering (ICO), the rising cryptocurrency market cap and faster transactions are some of the major factors expected to propel the growth of fintech blockchain market around the world. Some of the future growth opportunities for the market include identity management, the rising adoption of blockchain applications, such as payments cheap adidas ultra boost white , clearing, and settlements, smart contracts, and, a new breed of programmable blockchain platform.

FinTech Blockchain Market

FinTech blockchain market is segmented by provider, application, organization size cheap adidas ultra boost black , region, and industry vertical. Among the application segments, the payments, clearing, and settlement segment are expected to have large market share during the forecast period, owing to financial companies deploying blockchain-based smart contracts to bring a reduction in costs of verification, execution cheap adidas ultra boost womens , arbitration, and fraud prevention.

In the case of providers, the application and solution providers segment is expected to reach at the highest CAGR during the forecast period. Because of blockchain solutions introduction, financial companies would adopt the technology, thereby increasing the overall market growth.

FinTech blockchain applications are responsible for the growth of the financial industry. The application segment is divided into Exchanges and remittance, clearing, and settlement cheap adidas ultra boost mens , Payments, Smart contracts, Compliance managementKnow Your Customer (KYC), Identity management. The non-banking financial services, such as asset management and wealth management are expected to have a large market size, owing to the growing importance of FinTech blockchain applications

Organization size segment is classified into small and medium-sized enterprises and large enterprises. Among these, the large enterprises' segment is likely to hold large market size during the forecast period. This segment is focusing on the implementation of blockchain applications to reduce infrastructure cost and to improve customer loyalty. The Small and Medium-sized Enterprises (SMEs) segment is likely to reach at a higher CAGR cheap ultra boost shoes , as easy scalability and availability of cloud-based deployment

The region segment is divided into North America, APAC, LAMEA, and Europe. Among these, North America is expected to have a large market size during the forecast period, as North America is considered the most advanced region in terms of technology adoption and infrastructure. The key players of blockchain technology are present in N