Market Overview

Latin American Blockchain Technology Market Analysis & Forecasts 2018-2023, With an Expected CAGR of 30.3% - ResearchAndMarkets.com

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The "Latin
America Blockchain Technology Market (2018-2023)"
report has
been added to ResearchAndMarkets.com's offering.

Latin America blockchain technology market is expected to grow at a CAGR
of 30.3% (2018-2023) and generate a global revenue of USD 0.51 billion
by 2023.

Blockchain technology is used to record Bitcoin transactions via a
global network of computers. It is a continuous growing list of blocks
(record) that are linked and secured using cryptography. Each new block
created is connected to the previous block via a cryptographic Hash.
Countries in this region have found Bitcoin to be the best solution to
solve political instability, and fall in oil prices and other
initiatives will make it possible for companies to acquire Blockchain
solutions in the near future.

Latin American banks are trying to find an alternative banking system to
move away from traditional one. Approximately 51% of the population in
Latin America and the Caribbean have bank accounts, prompting fintech
starts-ups to have come up with an idea to provide alternative financial
services to the masses. Start-up companies like Ripio and BITSO are
making progress towards providing better customer services using
blockchain technology.

Key growth factors:

  • Latin America found Bitcoin to be helpful to attract businesses and
    expand the existing number of firms. The technology will help
    e-commerce firms like eBay, and Amazon that have already started their
    business in the region, to expand further.
  • Latin America faces the problem of food security. The players in this
    region started using Blockchain technology to solve this problem. IBM
    has joined hands with Walmart to use blockchain technology in the
    supply chain to ensure food safety in pork and Mexican mangoes

Companies Mentioned

  • Microsoft Corporation
  • Ripio
  • BITSO. (Bitcoin Exchange)
  • Bitinka
  • RSk Labs

Key Topics Covered:

Chapter 1: Executive summary

Chapter 2: Introduction

Chapter 3: Latin America Blockchain Technology Market overview

Chapter 4: Latin America Blockchain Technology Market by country

Chapter 5: Latin America Blockchain Technology Market by industries

Chapter 6: Company profiles

Chapter 7: Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/mmlnvs/latin_american?w=4

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