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Report Predicts Growth Of Blockchain Technology Industry

A recent report on the Global Blockchain in Banking Market says that the Blockchain Technology industry would be driven by increased Usage of Blockchain for Payments and Transactions.

According to the study released by AMA Research, recent trends in the industry calls for an increased need to focus on Collaboration with the Ecosystem among Financial Institution.

“Blockchain has the potential to allow banks to settle transactions directly and keep better track of them. Blockchain provides banks the opportunity to streamline complex workflows and optimize internal processes. Blockchain provides transaction immutability and a distributed ledger architecture. Blockchain technology will significantly increase transparency between market participants. Also, it maintains an immutable record of transactions and therefore asset ownership since the time the asset first appears in a transaction on the blockchain.” the report said.

On the opportunities available in the Blockchain Technology market, the report read “Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).”

The report which examined the key market size, trend, and forecast to 2027 picked key players in this report to include; Unicsoft (United Kingdom), SoluLab (United States), Eleks (Ukraine), Labrys (Australia), Idealogic (Ukraine), ConsenSys (United States), Altoros (United States), Quytech (India), Coinbase (United States), Talentica Software (India)

 

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