NORTH AMERICA FINTECH BLOCKCHAIN MARKET FORECAST 2023-2032

The North America fintech blockchain market growth analysis includes the assessment of Canada and the United States. The United States government has planned to provide funds at the University of California-San Diago of around $0.8 million to support blockchain-based projects across the United States to focus on aspects of blockchain technology and cryptocurrency incentive mechanisms.

Additionally, the United States government is exploring new ways to promote the adoption of blockchain technology across the country since blockchain technology can build and develop a secure value transfer system that streamlines business processes across financial and insurance sectors.

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

Middleware providers globally deal with adopting tools and software (middleware) that connect different enterprise applications or software components through the involvement of a provider company. Middleware deals with a software layer between an operating system and applications of a computer network on each side to support distributed, complex business software applications.

Furthermore, middleware layers allow financial institutions to quickly and efficiently adopt blockchain technology by eliminating the need to replace current systems. Also, the adoption of middleware in the financial industry ecosystem provides core services such as transactions, concurrency, messaging, and threading by providing security and enabling high availability of functionality in the industry. There have been increasing partnerships and agreements between fintech companies and middleware providers across the globe for adopting middleware tools in the financial industry.

On the other hand, application and solution providers deal with adopting different blockchain-based solutions and applications (apps) for exchanges, banks, and other financial institutions with the involvement of providers. Financial institutions witness a high requirement for application and solution providers due to the increasing popularity of advanced blockchain-based applications and solutions such as smart contracts, decentralized applications (dApps), etc.

Some of the key players operating in the North America fintech blockchain market include Accenture, AlphaPoint, Bitfury, BTL Group, Coinbase, etc. 

AlphaPoint is a United States-based financial technology provider company founded in 2013. The company delivers services in asset digitalization, distributed ledger platforms, etc. AlphaPoint product portfolio includes grade blockchain solutions for asset digitalization, reduction in operational cost, and market launch. The company offers blockchain services and products in the financial capital market and asset management services for businesses. AlphaPoint operates globally with a human workforce of around 200 employees delivering its product and services in 5 continents with head offices in New York, San Francisco, Philadelphia, and North Carolina. It is headquartered in New York, United States.

AlphaPoint’s TrustedVM is a virtual machine that is powered by Intel SGX technology. It runs confidential smart contracts and blockchain services and is used for asset digitization solutions.