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The Latin America, Middle East and Africa Blockchain Distributed Ledger Market would witness market growth of 65.5% 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. 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. The blockchain distributed ledger market has witnessed a fourfold market cap in the last few years. Leading market players have developed low-cost, user-friendly, affordable, and energy-efficient cryptocurrencies and wallets to add momentum to the applications of blockchain distributed ledger.
Based on Types, the market report segments the market into Public and Private. Based on Verticals, the Latin America, Middle East and Africa Blockchain Distributed Ledger market segments the market into BFSI, Government, Retail & Ecommerce, Automotive, Media & Entertainment, and Others. Based on Countries, the Latin America, Middle East and Africa Blockchain Distributed Ledger market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers competition analysis of key stake holders of the Latin America, Middle East and Africa 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.