JAPAN FINTECH BLOCKCHAIN MARKET FORECAST 2023-2030

The Japan fintech blockchain market analysis entails segmentation by blockchain type, end-user, application, organization size, and provider. Market by provider includes middleware providers, application and solution providers, and infrastructure and protocol providers.

Infrastructure and protocol providers deal with the adoption of blockchain infrastructure and different blockchain protocols in the financial industry ecosystem to solve issues related to accessibility and scalability in the blockchain space through the involvement of providers. Blockchain technology establishes and secures digital identity on a decentralized public key infrastructure provided by infrastructure and protocol providers. Such providers also provide protocols for data storage, data diffusion, etc.

There has been an increase in the partnerships and agreements between fintech companies and blockchain infrastructure and protocol providers across the globe to leverage blockchain infrastructure and protocol adoption in the financial industry. This is considered one of the major factors expected to contribute to the market growth during the forecast period. Moreover, strategic partnership agreements among industry leaders are also expected to increase the requirement of infrastructure and protocol providers to deploy and offer blockchain-based infrastructure and protocols to the financial industry, promoting the market growth.

Furthermore, the increasing introduction and deployment of technologically advanced blockchain-based applications and solutions in financial institutions, investment banks, commercial banks, insurance companies, etc., across the globe are major factors that are expected to contribute to the growing demand for application and solution providers. 

According to the Organisation for Economic Cooperation and Development (OECD) in France, bitcoin, cryptocurrencies, tokens, decentralized applications, sharding, side-chains, etc., are some of the major blockchain-based applications and solutions widely adopted in the financial sector. Also, various financial organizations and industries across the globe are introducing blockchain-based technology that would increase the requirement of providers of blockchain-based applications and solutions for its adoption.

Leading players in the Japan fintech blockchain market include Accenture, Bitfury, Microsoft Corporation, Ripple Lab Inc, etc.

Bitfury delivers and develops cutting-edge hardware and software solutions necessary for individuals, organizations, governments, and businesses to securely move assets across the blockchain. Besides blockchain software and hardware, the company works in various sectors, such as bitcoin mining, blockchain applications, data centers, and semiconductors. The company has offices in 17 countries, such as Washington, London, Moscow, Dubai, Hong Kong, Tokyo, and Seoul. The company has approximately 1,000 employees and is headquartered in Amsterdam, Netherlands.

Exonum enables you to build reliable, secure, and decentralized blockchain applications. It is designed to allow governments, companies and people to design custom permissioned and private blockchains that take advantage of the unparalleled security of public blockchains. It brings various advantages of blockchain, such as unmatched security, transparency, and auditability and combines them with controllability, efficiency, and privacy.