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Blockchain in Retail Banking Market Latest Trends and Business Outlook 2019 to 2024

Blockchain in Retail Banking Market

Press Release

Latest Report Available at Analytical Research Cognizance, “Blockchain in Retail Banking Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

Blockchain technology, often referred to as distributed ledger technology (DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions and where transactions can be executed without the need for a single, central, coordinating authority. This ability to execute transactions effectively without the presence of a central authority is regarded by many as the chief benefit of blockchain technology, as it creates the promise that organizations will be able to transact business with one another without being subject to third-party control.

In banking, this disintermediation has serious ramifications for billions of dollars of global business. DLT could enable two parties to transact without requiring a third party for oversight or intermediation, reducing counterparty risk and arbitrage, as well as the role of ‘parasitic’ supporting entities that act as bottlenecks and profit from opacity in the system.

This promises to reduce overheads and greatly reduce transaction fees, decrease the number of stages and the number of organizations involved in a transaction (thereby reducing the chance of errors), while enabling faster transactions, 24 hours a day, seven days a week (in contrast to current interbank transactions that can take days for final clearing and settlement).

Scope
– This report analyses the impact of blockchain in retail banking.
– It discusses the benefits and uses of blockchain in banking.
– It identifies the current leaders and companies looking vulnerable in the blockchain technology theme.

Request a sample of this report @ http://www.arcognizance.com/enquiry-sample/92821

Reasons to buy
– The report highlights some of the key players in the blockchain industry.
– It discusses some of the key trends in blockchain technology.
– The report explains the blockchain value chain by use case.
– It provides an industry analysis, explaining the fundamental challenges DLT faces and the adoption of the technology.
– The report also analyses the impact of blockchain on retail banking, offering key recommendations for retail banks and IT vendors.
– It provides a technology briefing to explain the evolution of the blockchain technology and how it works.

Companies Mentioned:
Accenture
Cognizant
Credit China FinTech
Goldman Sachs
IBM
Microsoft
Ping An
Santander
Axoni
BitFury
Digital Asset Holdings
Filament
LO3 Energy
R3
Ripple
Slock.it
Royal Bank of Canada (RBC)
Emirates Islamic Bank
State Bank of India (SBI)
Mizuho
JPMorgan
BBVA

Purchase copy of this Report @ http://www.arcognizance.com/purchase/92821

Some Points from TOC:

PLAYERS 4

TRENDS 5
Blockchain industry trends 5

Blockchain use case trends 6

Blockchain trends in retail banking 7

VALUE CHAIN 9

Asset registries 10

Financial services platforms 11

Industrial platforms 12

INDUSTRY ANALYSIS 13

Permissioned DLT networks insert a degree of trust into the equation 14
Commercial blockchains are at least five years away 14

DLT faces several fundamental technical challenges 15
What are the primary use cases for blockchain technology? 15
Logistics 16
Healthcare 16
Land registries 16

Digital fiat currencies 17
Smart grid 17
Commodity trading 18

Timeline 19
IMPACT OF BLOCKCHAIN ON RETAIL BANKING 21
Key recommendations for retail banks 24
Key recommendations for IT vendors 25
COMPANIES SECTION 26
Public tech and financial services companies 26
Private tech companies 28
Retail banking companies 29
TECHNOLOGY BRIEFING 30
How has blockchain technology developed over the last decade? 30
How does blockchain work? 31

 About US:

www.arcognizance.com  is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics” based on the data collection facilities of big data, the face of “business research facilities” has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the “out of the box” developments in the market.

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This post was originally published on Space Market Research

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