Rising Digital Payment to boost Hashgraph Market Growth

Hashgraph Market
Hashgraph Market




Hashgraph Market By Application (Supply Chain and Logistics, Social Media and Content Sharing, Financial Services, Gaming and Entertainment,  Healthcare, Identity Management, IoT and Smart Contracts and Other Industries) By Organization Size (Small and Medium Enterprises (SMEs),  Large Enterprises By End-User (Banks and Financial Institutions, Healthcare Providers, Retail and E-commerce, Government and Public Sector, IT and Telecom, Gaming and Entertainment Other Industries) By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa ) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Market Overview

A hashgraph is a licensed algorithm that assures the advantages of the blockchain decentralization, supply, and privacy through the usage of hashing without the disadvantage of low transaction speed. It was made by Leemon Baird and is the intellectual possessions of the Swirlds Corporation, which Baird discovered.

Competitive Landscape:

Key players involved in the growth of the global Hashgraph Market are Hedera Hashgraph, Swirlds, IBMDragonGlass, Chainlink, Nomadic Labs, Copper.co, Tangem, Axiom Finance and OpenCrowd.

Market Key Drivers:

Rising collaborations and partnerships is expected to propel the growth of global Hashgraph Market. For instance, Hedera has collaborated with various technology collaborators as system integrators to offer developer tools and core services on their platform. 

Increasing adoption of digital payment methods is projected to propel the growth of global Hashgraph Market. For instance, as per facts and figures around 2.8 billion people globally use digital wallets.

Covid-19 Impact Analysis:

The Covid-19 outbreak has significantly affected the growth of global Hashgraph Market due to the imposition of strict lockdown and security rules to curb the spread of pandemic. The social distancing have led people to choose online shopping and digital payments for everything. The rise in restrictions of movement of people has impeded the market growth.

Key Takeaways:

In September 2019 Hedera Hashgraph launched – the enterprise distributed ledger which is not a blockchain.

Among regions, North America, Asia Pacific and Europe anticipated to witness robust growth in the global Hashgraph Market due to increasing investments, increasing approvals and launches, rising partnerships and collaborations and increasing digital payments. For instance, s per reports India is the top rated country using digital payments around 89.5 million transactions were recorded in 2022.

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