Blockchain Finance Market Size to reach $33150 Million 2027

In 2021, the global Blockchain Finance market size will be US$ 5829 million and it is expected to reach US$ 33150 million by the end of 2027, with a CAGR of 33.6% during 2021-2027.

Blockchain Finance is mainly used for four applications: Digital Currency, Cross-border Payment, Trade Finance, Identity Management. Cross-border Payment was the most widely used area which took up about 39% of the global total in 2018. There are many providers in Blockchain Finance industry, among them, IBM, Ripple, Rubix by Deloitte, AccentureS, Distributed Ledger, Technologies, Oklink, Nasdaq Linq, Oracle, AWS, Citi Bank, Ant Financial, JD Financial, Qihoo 360, Tecent, Baidu, Huawei, Bitspark and SAP are the key players in the global Blockchain Finance market.

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Block chain finance is the application of block chain technology in the financial field. Financial services industry is the driving force of global economic development, and is also one of the most centralization industries. The asymmetric information between the two parties in the financial market leads to the failure to establish an effective credit mechanism. There are a large number of central credit intermediaries and information intermediaries in the industrial chain, which slows the efficiency of the system and increases the cost of funds. The open and no tampering properties of block chain technology provide the possibility for the centralization of the trust mechanism, and have the potential to change the financial infrastructure. All kinds of financial assets, such as equity, bond, bill, warehouse receipt and fund share, can be integrated into the block chain books, and become the digital assets of the chain, in the block chain. Store, transfer, and trade. It has a broad prospect of application in the financial field. For example, it has a typical application in cross-border payment, insurance claims, securities trading, bills and so on. Other segements include Proof of equity and exchange stock exchange，Financial audit，loyalty and rewards.

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Segment by Type

o IT Solution
o FinTech
o Bank
o Consulting
o Exchange and Other

Segment by Application

o Cross-border Payment
o Trade Finance
o Digital Currency
o Identity Management
o Other

BY COMPANY

o IBM
o Ripple
o Rubix by Deloitte
o AccentureS
o Distributed Ledger Technologies
o Oklink
o Nasdaq Linq
o Oracle
o AWS
o Citi Bank
o ELayaway
o HSBC
o Ant Financial
o JD Financial
o Qihoo 360
o Tecent
o Baidu
o Huawei
o Bitspark
o SAP

Similar Reports:

Trade Finance Market : https://reports.valuates.com/market-reports/QYRE-Auto-6X849/global-trade-finance

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