With the dawn of the 21st century, advancements in technologies are now decidedly being trickled into the workflow structure of various companies across multiple industries. Moreover, these technologies have gone on to become an integral element of several business processes. Some of the tasks that once required bulky machines and human hands as well physical currencies are now being effectively digitized.Drivers of Growth
The global blockchain in fintech market is driven by a number of factors. Some of the key factors being the reduction of the total cost of ownership, high compatibility with the financial industry, and faster transactions. While, some of the major driving factors include initial coin offering (ICO), rising cryptocurrency market, and reduced cost related to transactions.
However, it is also pointed out that uncertain regulatory frameworks and the lack of blockchain applications and use cases can hinder the growth of the market in a major fashion during the forthcoming years.
The global [FURL=https://www.marketresearchfuture.com/reports/blockchain-fintech-market-6368]Blockchain in Fintech Industry[/FURL] is nonetheless slated to enjoy a massive growth in the coming years. Additionally, the market boasts various growth opportunities. This includes the new programmable blockchain platforms and the growing adoption of various blockchain applications like smart contracts, payments, clearance and settlements, and identity management.
Key Players
Some of the key players in the global blockchain in fintech market are Bitfury Group Limited (US), Amazon Web Services, Inc. (US), Chain Inc (US), IBM Corporation (US), Earthport PLC. (UK), Earthport PLC. (UK), Digital Asset Holdings (US), x BTL Group (Canada), Oracle Corporation (US) and others.
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