Thursday, January 23, 2020

Application of Blockchain in Southeast Asian Countries: Blockchain Market is Projected to Grow at a CAGR of 81% Globally, 2018-2023 – ResearchAndMarkets.com

Avatar
Business Wirehttps://www.businesswire.com
(c)2018 Business Wire Inc., All rights reserved. For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure. For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

DUBLIN–(BUSINESS WIRE)–The “The Application of Blockchain in Southeast Asian Countries, Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global blockchain market is growing very fast and it is forecast that its market size will reach US$23.3 billion by 2023, representing a CAGR of 81% over the period from 2018 to 2023.

Blockchain, which is a decentralized digital database, supports participants when they confirm their transactions without the need for a central authority to approve/accept the transaction. Although this technology has been recognized mainly by digital currencies such as Bitcoin and other cryptocurrencies, it has several other applications in different aspects of life including in digital payments and e-wallets (which is supported by fintech; blockchain is one of the technologies used in fintech), agriculture, logistics, healthcare, real estate, cloud storage, education, public transportation, pharma, food and beverage, etc. Countries around the world including those in Southeast Asia are improving and updating their regulatory frameworks to provide a suitable and attractive environment for blockchain companies to keep pace with the fast-growing global blockchain market and reap the benefits of this technology.

The global fintech market also showed a significant increase in 2018, reflecting greater application of blockchain in financial services around the world. It is also predicted that the global fintech market will grow faster and its future market value looks promising. In countries covered in this study (Malaysia, Singapore, Thailand, and Vietnam) the future fintech market is forecast to be optimistic and promising considering the transaction values in each country.

Countries in Southeast Asia are also trying to improve their regulatory environment to gain more benefits from different applications of blockchain technology.

Key Issues Addressed

  • Who are the main blockchain regulatory authorities in Malaysia, Singapore, Thailand, and Vietnam and which country has a better regulatory environment for investments in blockchain technology market?
  • Looking at digital currencies, how is the regulatory environment for digital currencies’ initial coin offerings (ICOs) in these countries?
  • What are the main blockchain projects currently running in Malaysia, Singapore, Thailand, and Vietnam?
  • What are the main current applications of blockchain in each one of these countries?
  • What is the future market value of fintech in these countries (up to the year 2022)?
  • Which banks and companies are using the blockchain technology currently in these countries for their financial services?
  • So far, what have been the applications of blockchain technology in these countries?

Key Topics Covered:

1. Executive Summary

  • Key Findings
  • CEO’s Perspective

2. Overview

  • Market Definitions
  • Overview of Blockchain Application

3. Introduction to Blockchain

  • What is Blockchain?
  • Blockchain Market Size
  • The Application of Blockchain
  • The Application of Blockchain – Cryptocurrencies
  • The Application of Blockchain – International Trade
  • The Application of Blockchain – Fintech

4. Blockchain and Cryptocurrency Regulations and Applications in Malaysia

  • Malaysia’s Blockchain and Cryptocurrency Regulatory Authorities
  • Banks and Main Companies/Institutions Involved
  • Reporting Institutions Dealing With Digital Currencies
  • Malaysia’s Main Blockchain Projects
  • Initial Coin Offering (ICO)
  • Blockchain Application
  • Malaysia’s Fintech Market Value

5. Blockchain and Cryptocurrency Regulations and Applications in Singapore

  • Singapore’s Blockchain and Cryptocurrency Regulatory Authorities
  • Banks and Main Companies/Institutions Involved
  • Singapore’s Main Blockchain Projects
  • Initial Coin Offering (ICO)
  • Blockchain Application
  • Singapore’s Fintech Market Value

6. Blockchain and Cryptocurrency Regulations and Applications in Thailand

  • Thailand’s Blockchain and Cryptocurrency Regulatory Authorities
  • Banks and Main Companies/Institutions Involved
  • Thailand’s Main Blockchain Projects
  • Initial Coin Offering (ICO)
  • Blockchain Application
  • Thailand’s Fintech Market Value

7. Blockchain and Cryptocurrency Regulations and Applications in Vietnam

  • Vietnam’s Blockchain and Cryptocurrency Regulatory Authorities
  • Banks and Main Companies/Institutions Involved
  • Vietnam’s Main Blockchain Projects
  • Initial Coin Offering (ICO)
  • Blockchain Application
  • Vietnam’s Fintech Market Value

8. The Future of Blockchain

9. Growth Opportunities and Companies to Action

  • Growth Opportunity 1 – Geographical Expansion
  • Growth Opportunity 2 – Investments in Fintech
  • Strategic Imperatives for Success and Growth
  • Legal Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/w6svd0

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

(c)2018 Business Wire Inc., All rights reserved.
Original Release: Business Wire

Latest News

Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Sharp Decline

Bitcoin bulls are facing an uphill task near $8,700 and $8,800 against the US Dollar. BTC price could either...

Ripple (XRP) Just Rejected $0.24, And It’s Vulnerable To A Fresh Decline

Ripple failed to surpass the $0.2400 resistance area against the US Dollar, similar to bitcoin near $8,800. XRP price is currently declining and it...

This Confluence Of Bearish Factors Shows Ethereum Could Decline Heavily

Ethereum failed to settle above the $170 resistance and bitcoin struggled above $8,700. ETH price is currently declining and it seems like it could...

CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2019

Net Earnings of $51.3 million for the fourth quarter of 2019, or $0.37 per share Record Earnings in 2019 of $207.8 million, or $1.48 per...

Global Artificial Intelligence Platforms Market 2019-2023 | 28% CAGR Projection Over the Next Five Years | Technavio

LONDON--(BUSINESS WIRE)--#ApplicationSoftware--The artificial intelligence platforms market size is poised to grow by USD 6.95 billion during the period 2019-2023, according to the latest market...
- Advertisement -