[ad_1]
DUBLIN – (FILO D & # 39; BUSINESS)–The "Global
Blockchain Market in Banking Industry Forecast up to 2024 "
report has been added to ResearchAndMarkets.com of
offer.
During the 2017-2018 period, most banks adopted blockchain technology as a part
of their strategy, which also involved the entry of banks into
partnership with technology companies and sellers of fintech to build and
test blockchain applications in their operations.
It is said that Blockchain is focused on improving efficiency and costs
reduction, however, banks are taking as a strategic move mainly to
overcome existing compliance and regulatory challenges,
reduction of fraud and security, among others, which in return offers
greater transaction speed of less than 10 seconds and also helps reduce
operating costs.
Market analysis:
The blockchain in the banking sector is segmented by blockchain types,
applications, sub-verticals and regions. Blockchain types included
public, private and hybrid blockchains and the private blockchain is
ready to grow at a higher rate during the forecast period 2018-2024.
Currently, more than half of the banks are focusing significantly
building their own private blockchains by collaborating with other banks
and blockchain developers.
The partnership also aims to create fewer numbers of global banks
networks to enable payment transactions without interruption.
In the banking sector, blockchain applications are currently concentrated
on settlement and settlement systems, trading platforms, fraud detection,
e-KYC, smart contracts, reporting and regulatory compliance; the
The segment of settlement and settlement systems is the largest among consumers of
blockchain technology.
Blockchain partnerships aim to create applications around these
cited use cases and companies including Microsoft, IBM and JP
Morgan is focusing on developing fraud detection applications
and compliance management.
The sub-verticals mentioned in the report are interbank transfers,
Transfers and remittances across borders, retail payments and P2P e
Company payments. Among these, banks are implementing blockchain in
support their inter-bank transactions followed by others.
Main topics covered:
1 Industry perspective
2 Report scheme
3 Market Snapshot
4 Market Outlook
5 Characteristics of the market
6 Types of Blockchain: size and analysis of the market
7 Applications: dimensions and market analysis
8 Secondary vertical: dimensions and market analysis
9 Regions: dimensions and market analysis
10 supplier profiles
-
Microsoft
-
IBM
-
JPMorgan Chase & Co.
-
Fujitsu
-
Ripple
11 companies to keep an eye on
-
R3
-
Clearmatics
-
Primechain Technologies
-
Signzy
-
Accubits Technologies
For more information on this report, visit https://www.researchandmarkets.com/research/dnrj4l/global_banking?w=4
