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The Europe Blockchain Distributed Ledger Market would witness market growth of 59.5% CAGR during the forecast period (2017 - 2023). Blockchain distributed ledger is a medium of exchange formed and stored electronically, with the help of encryption methods, regulating the creation of financial units and verifying the transfer of funds. Private organizations, individuals, and private firms create blockchain ledgers.
The blockchain distributed ledger market has gained widespread adoption over the years. The blockchain technology is used to maintain complete information and a database of all addresses and their balances right from the origin blocks up to the most recent blocks, and such a robust system has driven the demand for the blockchain technology worldwide. Growth in the adoption of this technology in the financial services sector and anticipated adoption across the public & government sectors are the additional factors that would fuel the growth of the market.
Based on Types, the market report segments the market into Public and Private. Based on Verticals, the Europe Blockchain Distributed Ledger market segments the market into BFSI, Government, Retail & Ecommerce, Automotive, Media & Entertainment, and Others. Based on Countries, the Europe Blockchain Distributed Ledger market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers competition analysis of key stakeholders of the Europe Blockchain Distributed Ledger Market. Key companies profiled in the report include Chain Inc., IBM Corporation, Accenture Plc., Monax Industries Limited, Intel Corporation, Blockchain Tech Ltd., Microsoft Corporation, Digital Asset Holdings, and Earthport.