Smart contracts market

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Smart contracts market
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  Assessment
• Market Size Segmentation
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Some of the global leading clients that we have
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Clientele
Some of the global leading clients that we have
served
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Market Overview
The global smart contracts market is expected to
reach approximately USD 8.3 Billion by the end of
2030 with 21.40 CAGR during the forecasted
period from 2023-2030.
Smart contracts are one of the applications of
blockchain technology that allow organizations,
governments, corporations and individuals to
clearly exchange monetary value, property,
stocks, bonds and contracts related to value. You
need an intermediary. A factor sustaining the
growth of smart contracts is their tendency to
define the rules and regulations of the contract
but automatically enforce their obligations.
Smart contracts can be used in all situations
such as finance, insurance premiums, breach of
contract, property law, and more. Smart contracts
have seen downward growth and are expected to
grow significantly over the forecast period
catering to end users such as banking,
government, insurance, real estate, and supply
chain.
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• Regional Analysis
• North America is estimated to hold the largest
  share of the market during the forecast period
  and will have a market share of 26.2 in 2021,
  while South Asia and the Pacific is expected to
  have the highest growth rate during the forecast
  period with a CAGR of 25.8.
• North America has many large companies that sell
  smart contracts. North America also has a large
  number of people investing in cryptocurrencies
  and has a strong presence of many dApp (applied
  applications) vendors and companies from various
  industrial backgrounds based on supply chains.

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The Global smart contracts market has been
segmented into

• By Type
• Bitcoin
• Sidechains
• NXT
• Ethereum
• Other

• By Technology
• Ethereum
• Rootstock (RSK)
• Namecoin
• Ripple
• Others

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Strategic Developments

• In June 2020, PrairieDog Venture and Data Gumbo
  partnered to transform capital projects into
  smart contracts. The partnership will deliver
  smart contracts designed to solve long-standing
  industry challenges around transaction and
  information friction across capital projects,
  transitions and maintenance for the industrial,
  commercial and infrastructure construction
  sectors.

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Market Players

• Monax Industries Limited (U.K.),
• Monetas (Switzerland),
• Blockstream Corporation (U.S.),
•  Coinbase,
• Inc (U.S.),
• Bitfinex (Hong Kong),
• BlockCypher,
• Inc (U.S.),
• Chain, Inc.(U.S.),
• Coinify ApS (Denmark),
• BitPay, Inc (U.S.),
• GoCoin Pte. Ltd (Singapore),
• And Others.

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