Global Blockchain in Fintech Market - Challenges, Opportunities, Statistics to 2023
Blockchain in Fintech Market Overview Global Blockchain in fintech market is anticipated to grow from USD to 30 1.63 million at the beginning of the forecast period to USD 6700.63 million by 2023. Some of the key factors driving the blockchain in fintech market include high compatibility with the financial industry ecosystem and faster transactions, along with the production of the total cost of ownership. Moreover, improved capital optimization, reduction in counterparty risks, enhancement of transparency, and reduction and error handling and reconciliation are anticipated to contribute to the lucrative growth observed by blockchain in fintech market. Primary uses of blockchain can be seen in digital identity management, payment infrastructure, post-trade settlement, fund transfer infrastructure, securitization, syndication in lending and insurance, regulatory compliance and audit, and trade finance. Blockchain in the new future is anticipated to offer tremendous potential to various...