Blockchain Retail Market is expected to reach US$ XX Mn in 2027 from US$ XX Mn in 20 19, at a CAGR of XX%. Blockchain Technology is the key security mechanism behind cryptocurrency transactions. I t has multiple cross-industrial applications including retail sector. Blockchain technology will certainly revolutionize the retail sector through its distributed public ledger system. There are numerous driving factors for adopting Blockchain Technology. It works on decentr alized platforms. Transparency, cost reduction, elimination of third parties, cryptographic sec urity, micro-payments, and immutability are the obvious advantages of blockchain solutions. the growing interest in the adoption of blockchain technology in retail and supply chain mana gement industry, increasing need efficiency and speed in retail and supply chain transaction , rapidly transforming international trade and retail industry scenario backed by increasing ve nture funding and investments towards the blockchain technology providers are the key driv ers to implement blockchain technology in the retail sector. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different r egions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decis ion makers to prepare the outline for short term and long term strategies for companies by r egion.
To know about the Research Methodology:-Request Free Sample Report The financial sector is the pioneer in exploring and adopting blockchain solutions for smart tr ansactions. Blockchain will disrupt the retail industry and will create growth opportunities, m onetization avenues, and facilitate digital transformation. However, lack of a central entity & common standards and lack of awareness & understanding of the use of blockchain technol