Blockchain Supply Chain Finance Market Size is Projected to Reach USD 92480 million by 2027 At a…
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- Blockchain Supply Chain Finance Market: Drivers and Restraints
- Blockchain Supply Chain Finance Market Share
- Blockchain Supply Chain Finance Market: Segment Review
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- Blockchain Supply Chain Finance Market by Type
- Blockchain Supply Chain Finance Market by Application
- Blockchain Supply Chain Finance Market by Region
- Major Players in the Blockchain Supply Chain Finance Market
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The global Blockchain Supply Chain Finance market size is projected to reach US$ 92480 million by 2027, from US$ 10660 million in 2020, at a Compound Annual Growth Rate (CAGR) of 33.6% during 2021–2027.
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Blockchain Supply Chain Finance is the application of blockchain technology in the financial field. The financial services industry is the driving force of global economic development and is also one of the most centered 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 blockchain 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 blockchain books, and become the digital assets of the chain, in the blockchain. 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.
Blockchain Supply Chain Finance Market: Drivers and Restraints
This section covers the various factors driving the global Blockchain Supply Chain Finance market. To understand the growth of the market it is important to analyze the various drivers present the market. It provides data by value and volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market.
Market restraints are factors hampering market growth. Studying these factors is equally pivotal as they help a reader need understand the weaknesses of the market.
Blockchain Supply Chain Finance Market Share
Blockchain supply chain 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. The United States is the largest consumption countries of blockchain supply chain finance in the world in the past few years and it will keep increasing in the next few years. United States market took up about 38.2% the global market in 2018, while Europe was about 31.1% in 2018.
Blockchain Supply Chain Finance Market: Segment Review
The global Blockchain Supply Chain Finance market is split into two segments, type, and application. The product type briefs on the various types of products available in the market. The report also provides data for each product type by revenue for the forecast time period. It covers the price of each type of product. The other segment on the report, application, explains the various uses of the product and end-users. In the report, the researchers have also provided revenue according to the consumption of the product.
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Blockchain Supply Chain Finance Market by Type
- IT Solution
- Exchange and Other
Blockchain Supply Chain Finance Market by Application
- Cross-border Payment
- Trade Finance
- Digital Currency
- Identity Management
Blockchain Supply Chain Finance Market by Region
- North America
- Southeast Asia
- Central & South America
Major Players in the Blockchain Supply Chain Finance Market
- Rubix by Deloitte
- Distributed Ledger Technologies
- Nasdaq Linq
- Citi Bank
- Ant Financial
- JD Financial
- Qihoo 360
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