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The latest report on Blockchain Distributed Ledger Market by Infinium Global Research gives complete coverage of the Blockchain Distributed Ledger Market by  in terms of key trends, market size, forecast and CAGR growth over the period of 2020 to 2026. In addition, the study covers deep dive into key product and applications trends in the regional markets of Blockchain Distributed Ledger such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

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Blockchain is a Type of Distributed Ledger System Providing Improved Security to the Process

Currently, crypto currency also recognized as digital money is becoming progressively popular. Distributed ledgers support the payment system for digital currency to function in decentralized mode, by eradicating the necessity of intermediaries such as banks. The current concern over the spread of novel coronavirus is also expected to have a positive impact on the blockchain distributed ledger market. 

Contactless payments are appraised to increase and become a more favoured method of payment amid the spread of COVID-19 contagion as contactless payment methods involves less physical interaction. Observations that cash could spread pathogens are foreseen to change the payment method by firms and users irrespective of whether concerns are justified or not. Digital wallets or other mobile-based payment interactions have developed as potential solutions for payments to avert novel virus spread.  

Distributed ledger technology further allows tracking of financial transactions and makes it virtually possible to track and trade any value through digital money. It delivers a vigorous environment for secure data sharing in real-time. Furthermore, blockchain is a type of distributed ledger system providing improved security to the process. Minor fees for the transaction in blockchain distributed ledger applications, exclusion of third parties in business deals, and fewer chances of fraud & identity theft are the major key drivers of the global blockchain distributed ledger market. 

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Toward Blockchain Distributed Ledger Applications among People is Projected to Provide Lucrative Opportunities to Market Players

Similarly, better security measurements, improved capital optimization, and transparency and independence are projected to boost the blockchain distributed ledger market. Furthermore, a rise in awareness toward blockchain distributed ledger applications among people is projected to provide lucrative opportunities to market players. It encompasses blocks of digitally recorded data, creating a distributed ledger. There are several diverse types of distributed ledger systems, each obeying its own security and privacy levels. However, lack of awareness about crypto currency among people and limited access is projected to restrain growth in the blockchain distributed ledger industry. 

Among the geographies, North America region is expected to hold the largest share in the global blockchain distributed ledger market owing to the presence of key companies in the region. Further, factors such as the extensive adoption of this technology in the BFSI and retail & e-commerce sectors have accelerated the growth of the blockchain distributed ledger market in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period. The advancements in internet payment options are anticipated to boost the growth across the region, especially in countries such as Japan, China, South Korea, and India.

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Reasons to Buy this Report: 

  • Comprehensive analysis of global as well as regional markets of the Blockchain Distributed Ledger.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026. 
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.   
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.