Blockchain in BFSI Market Analysis

The market is segmented by type into private, public, consortium, hybrid, and others, out of which, the private segment is anticipated to hold the largest share in the blockchain in BFSI market on account of the fact that private blockchain offers more opportunities to organizations for business-to-business use cases. Along with this, private blockchain services allow cost effective transaction reversal and efficient usage of available resources, which is also assessed to boost the growth of this market segment in the future. Additionally, on the basis of application, the smart contracts segment is evaluated to grow with the highest rate over the forecast period, which can be credited to the increasing demand for self-executing contracts across banks around the world, and the rising adoption of smart contracts for fraud prevention, verification and reduce the costs of execution.

Our in-depth analysis of the global blockchain in BFSI market includes the following segments