NJ New Jersey, USA -- (SBWIRE) -- 01/17/2023 -- The latest released on Global Blockchain in Banking and Financial Services Market delivers comprehensive data ecosystem with 360 view of customer activities, segment-based analytics-and-data to drive opportunities of evolving Blockchain in Banking and Financial Services marketplace and future outlook to 2028. It includes integrated insights of surveys conducted with executives and experts from leading institutions across various countries. Some of the listed companies profiled in the report are Microsoft Corporation (United States), Intel Corporation (United States), IBM Corporation (United States), R3 (United States), ConsenSys (United States), SAP (Germany), Oracle Corporation (United States), Akamai Technologies, Inc. (United States), Accenture plc (Ireland), Amazon Web Services, Inc. (United States), JPMorgan Chase & Co. (United States).
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Scope of the Report of Blockchain in Banking and Financial Services
Blockchain technology represents a next-generation shift from the present technology and has the potential to transform banking and financial service industry in various ways. It enables banks and corporations to make cross-border money transfers which provide real-time settlement and reduce costs by optimizing liquidity and eliminating reconciliation. Of late, online payments have gained huge tractions and approaches obsolete and opens up a new world of opportunities. Further, this network creates the means for transacting and enables transferring of value and information. Greater levels of security, authentication, ease of transactions and transparency are boosting the growth of the blockchain in banking and financial services market globally.
The titled segments and sub-section of the market are illuminated below:
by Type (Public Blockchain, Private Blockchain, Others), Application (Fund Transaction Management, Real-Time Loan Funding, Liquidity Management, Others), Service Provider Type (Application Providers, Infrastructure Providers, Middleware Providers), Organisation Size (Small & Medium Enterprises, Large Enterprises)
Have Potential to Save Banks Billions in Cash by Dramatically Reducing Processing Costs
Dealing with the Complexity of Cross-Border Payments through Innovation
Shifting and Changing Business Models in Banking and Financial Services
Opportunity to Reduce Transaction Costs and the Amount of Paper and Process in Trade Finance
Provides Faster and Cheaper Transnational Payments to Developing Economies
Rising Adoption of Blockchain Solutions for Payments and Digital Identities
Increasing Number of Government Initiatives in Developed Countries
Implementation of Blockchain Making Banks More Profitable and Valuable
Several Countries Government Promoting Blockchain Distributed Ledgers
In January 2019, Akamai Technologies, Inc. and Mitsubishi UFJ Financial Group (MUFG) announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, Inc. (GO-NET) and their plans to offer a new blockchain-based online payment network enabling next-generation transaction security, scale and responsiveness.
"United States Securities Exchange Commission (SEC), who has been actively exploring potential applications of blockchains for financial services transactions in the public securities market, convinced that cryptocurrencies are under their jurisdiction. Moreover, the SEC has embraced the early adoption of blockchains as it relates to securities using its t0.com blockchain platform"
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Blockchain in Banking and Financial Services Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Blockchain in Banking and Financial Services market
Chapter 2: Exclusive Summary – the basic information of the Blockchain in Banking and Financial Services Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Blockchain in Banking and Financial Services
Chapter 4: Presenting the Blockchain in Banking and Financial Services Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Blockchain in Banking and Financial Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Blockchain in Banking and Financial Services Market is a valuable source of guidance for individuals and companies.
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