은행 및 금융서비스 시장의 블록체인은 은행 및 금융 서비스를 위한 블록체인 기술 제공에 종사하는 주체(조직, 단독 거래자, 파트너십)의 은행용 블록체인 판매로 구성된다. 블록체인은 모든 거래의 디지털화되고 중앙집중화된 공개 기록의 형태를 제공한다. 블록체인은 단순한 거래가 아닌 모든 가치를 기록할 수 있도록 설계됐다.
은행과 금융서비스의 블록체인은 퍼블릭 블록체인, 프라이빗 블록체인 등이 대표적이다. 퍼블릭 블록체인은 허가가 필요 없고 누구나 가입해 거래할 수 있는 분산원장 기술인데, 각 피어가 원장의 복사본을 제공하는 것이 특징이다. 다양한 애플리케이션으로는 자금 거래 관리, 실시간 대출 자금 조달, 유동성 관리 등이 있다.
Introduction
The blockchain in banking and financial services market consists of sales of blockchain for banking and financial services by entities (organization, sole-trader, and partnership) that are engaged in providing blockchain technology for banking and financial services. Blockchain offers a form of digitalized, de-centralized public record of all transactions. Blockchain was designed to record everything of value and not just transactions.
The main types of blockchain in banking and financial services are public blockchain, private blockchain, and others. Public blockchain doesn't require permission and is a distributed ledger technology that lets anyone join and make transactions, each peer features a copy of the ledger. The different applications include fund transaction management, real-time loan funding, liquidity management, and others.
The global blockchain in banking and financial services market size is expected to grow from $1.17 billion in 2021 to $1.89 billion in 2022 at a compound annual growth rate (CAGR) of 61.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The blockchain in banking and financial services market is expected to reach $12.39 billion in 2026 at a CAGR of 60%.
The increasing adoption of blockchain in banking and the rising use of cryptocurrency will propel the growth of the blockchain in banking and financial services market during the forecast period. Blockchain in banking and financial services offers a wide array of advantages such as capital optimization, reduction in operational costs for banks, increased transparency, and helps to increase financial solutions. Blockchain in cryptocurrency helps to record each transaction and serves as a distributed ledger and obviates the need for any central authority to maintain such records. For instance, in October 2020, JPMorgan Chase shared that its cryptocurrency, JPM Coin, is being used commercially for the first time to send payments around the world. Also, they announced to launch new business unit Onyx, blockchain, and digital currency for financial systems. Therefore, the increasing adoption of blockchain in banking and the rising use of cryptocurrency will drive the growth of the blockchain in banking and financial services market.
The reduction in fraud through blockchain is shaping the blockchain in banking and financial services market. Major companies operating in the banking and financial services sector are adopting the use of blockchain to help reduce fraudulent transactions, such as the use of smart contracts which allow the buyer and seller to create if / then contracts in which one step of the process won’t be fulfilled until the one before it has been verified completely. Blockchain also helps verify the legitimacy of every part of the supply chain process and blockchain provides security through its non-repudiation and disintermediation of data storage which helps prevent misappropriating company assets. For instance, in March 2021, IntellectEU, a US-based technology company focused on digital finance collaborated with KPMG to develop the ClaimShare solution which uses enterprise blockchain, R3 Corda, in combination with R3’s new software technology Conclave. Conclave allows confidential computing, by which insurers can’t share detailed information about claims without the other insurer seeing them.
In June 2021, Deutsche Borse, a German-based capital market company acquired a majority stake in, Crypto Finance AG for an amount of $108.6 million. With this acquisition, Deutsche Börse expands its digital asset offering by providing a direct entry point for investments, as well as post-trade services. Crypto Finance AG is a Switzerland-based company that provides blockchain financial services in crypto asset management.
Major players in the blockchain in banking and financial services market are Microsoft Corporation, IBM, Infosys, Amazon Web Services, Hewlett Packard Enterprise, R3, Intel, Oracle Corporation, SAP SE, Accenture plc, JPMorgan Chase & Co., Bitfury Group Limited, Auxesis Services & Technologies (P) Ltd., ConsenSys, Akamai Technologies Inc., and AlphaPoint.
North America was the largest region in the blockchain in banking and financial services market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in financial and banking services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the blockchain in banking and financial services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The global blockchain in banking and financial services market is segmented -
1) By Type: Public Blockchain, Private Blockchain, Others
2) By Application: Fund Transaction Management, Real Time Loan Funding, Liquidity Management, Others
Table of Contents
1. Executive Summary
2. Blockchain In Banking And Financial Services Market Characteristics
3. Blockchain In Banking And Financial Services Market Trends And Strategies
4. Impact Of COVID-19 On Blockchain In Banking And Financial Services
5. Blockchain In Banking And Financial Services Market Size And Growth
5.1. Global Blockchain In Banking And Financial Services Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Blockchain In Banking And Financial Services Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Blockchain In Banking And Financial Services Market Segmentation
6.1. Global Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Public Blockchain
Private Blockchain
Others
6.2. Global Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Fund Transaction Management
Real Time Loan Funding
Liquidity Management
Others
7. Blockchain In Banking And Financial Services Market Regional And Country Analysis
7.1. Global Blockchain In Banking And Financial Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Blockchain In Banking And Financial Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Blockchain In Banking And Financial Services Market
8.1. Asia-Pacific Blockchain In Banking And Financial Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Blockchain In Banking And Financial Services Market
9.1. China Blockchain In Banking And Financial Services Market Overview
9.2. China Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Blockchain In Banking And Financial Services Market
10.1. India Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Blockchain In Banking And Financial Services Market
11.1. Japan Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Blockchain In Banking And Financial Services Market
12.1. Australia Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Blockchain In Banking And Financial Services Market
13.1. Indonesia Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Blockchain In Banking And Financial Services Market
14.1. South Korea Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Blockchain In Banking And Financial Services Market
15.1. Western Europe Blockchain In Banking And Financial Services Market Overview
15.2. Western Europe Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Blockchain In Banking And Financial Services Market
16.1. UK Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Blockchain In Banking And Financial Services Market
17.1. Germany Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Blockchain In Banking And Financial Services Market
18.4. France Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Blockchain In Banking And Financial Services Market
19.1. Eastern Europe Blockchain In Banking And Financial Services Market Overview
19.2. Eastern Europe Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Blockchain In Banking And Financial Services Market
20.1. Russia Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Blockchain In Banking And Financial Services Market
21.1. North America Blockchain In Banking And Financial Services Market Overview
21.2. North America Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Blockchain In Banking And Financial Services Market
22.1. USA Blockchain In Banking And Financial Services Market Overview
22.2. USA Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Blockchain In Banking And Financial Services Market
23.1. South America Blockchain In Banking And Financial Services Market Overview
23.2. South America Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Blockchain In Banking And Financial Services Market
24.1. Brazil Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Blockchain In Banking And Financial Services Market
25.1. Middle East Blockchain In Banking And Financial Services Market Overview
25.2. Middle East Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Blockchain In Banking And Financial Services Market
26.1. Africa Blockchain In Banking And Financial Services Market Overview
26.2. Africa Blockchain In Banking And Financial Services Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Blockchain In Banking And Financial Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Blockchain In Banking And Financial Services Market Competitive Landscape And Company Profiles
27.1. Blockchain In Banking And Financial Services Market Competitive Landscape
27.2. Blockchain In Banking And Financial Services Market Company Profiles
27.2.1. Microsoft Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. IBM
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Infosys
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Amazon Web Services
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Hewlett Packard Enterprise
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Blockchain In Banking And Financial Services Market
29. Blockchain In Banking And Financial Services Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer
