Blockchain Distributed Ledger Market - Pin Point Analysis For Changing Competitive Dynamics

Digital technology has become prevalent in today’s world. It has touched almost all aspects of life including conducting business, shopping, enhancing education and learning, entertainment, and staying connected with social world. In recent past, digital technology has evolved further to aid in conducting financial transactions. Online payments have gained huge traction along with card based payment methods such as credit and debit cards. At the same time, cryptocurrency also known as digital money is becoming increasingly popular. Distributed ledgers support the payment system for digital currency to operate in decentralized mode, by eliminating the need of intermediaries such as banks. Distributed ledger technology further enables tracking of financial transactions and makes it virtually possible to track and trade any value via digital money. It provides a robust environment for secure data sharing in real-time. Blockchain is a type of distributed ledger system providing enhanced security to the process. Blockchain comprises of blocks of digitally recorded data, creating a distributed ledger. There are many different types of distributed ledger systems, each obeying its own security and privacy levels.

Fill the form to gain deeper insights on this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11108

Use of blockchain distributed ledger lends transparency to financial transactions and eliminates middle man, thus reducing the transaction costs. This is likely to drive the adoption of blockchain distributed ledger in the coming years. As the complex process of paper work and third party involvement extends the process of business transactions, blockchain-enabled distributed ledgers are anticipated to change the way business transactions take place. Moreover, enhanced security levels for transactions is another factor contributing to the growing influence of the technology. Distributed ledger systems are not controlled by any centralized authority and are not limited by legal rules. However, technology is governed by its own technical code.

Blockchain distributed ledger technology is at its nascent stage and has observed adoption mostly in financial sector. The cryptographic codes are extremely robust, however security concerns as hackers are constantly trying to break the authenticated cryptographic code and lack of understanding of the technology have challenged the proliferation of this technology.

Browse Market Research Report @
http://www.transparencymarketresearch.com/blockchain-distributed-ledger-market.html

Governments in some countries are promoting the use of blockchain distributed ledgers, to influence business and fiscal transparency to enhance efficiency and reduce corruption within the country. For instance, the U.S. government recommended the development of blockchain distributed ledgers for their international partners during the launch of “America Innovation Roadshow” in May 2016. Blockchain finds its primary application in financial sector; however, innovations in the next phase are expected to drive its use in different applications such as smart contract. These contracts are termed in computer language rather than legal language. Blockchain ledger enables users to track and verify business agreement and relationships.

Blockchain distributed ledger can be categorized as unpermissioned ledgers and permissioned ledgers depending on the type of ownership. Unpermisssioned ledgers such as Bitcoin have single owner and anyone is liable to contribute data to the ledger. While permissioned ledgers might have one on many owners and are carried out by trusted owners such as banks or government bodies. Blockchain supported distributed ledgers find benefits in complex financial assets that are not under central authority to mitigate the risks of trade and regulate the process. Thus, products such as public and private stocks/bonds, syndicate loans, FICC derivatives, corporate bonds, and derivatives margin/collaterals are likely to benefit significantly from the technology. The key players associated with blockchain distributed ledger market include Chain, Inc., IBM Corporation, Intel Corporation, Accenture PLC, and Eris Industries.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.