Aug.19.2020, Shanghai
The Asia-Pacific Blockchain Technology market is expected to grow at the highest CAGR (54%) during the forecasted years of 2018-2023 and is expected to earn a revenue of USD 4.59 Bn by 2023, according to the report by Kenneth Research. APAC has been witnessing the fastest adoption of Blockchain technology in the last couple of years. It is expected that Asia pacific will attract significant volumes of venture capital investments for innovations in Blockchain. The original summary of the report could be found here.
The Asia-Pacific Blockchain Technology market is expected to grow at the highest CAGR (54%) during the forecasted years of 2018-2023 and is expected to earn a revenue of USD 4.59 Bn by 2023, according to the report by Kenneth Research. APAC has been witnessing the fastest adoption of Blockchain technology in the last couple of years. It is expected that Asia pacific will attract significant volumes of venture capital investments for innovations in Blockchain. The original summary of the report could be found here.
Based on industries, supply chain management led the Asia-Pacific Blockchain technology market in 2017. Supply chain management made a huge breakthrough in China. IBM is one of the leading Blockchain consulting firms to have initiated the application of Blockchain technology in China with supply chain trials. Blockchain technology in Supply Chain management maintains records of asset transactions, verifies certificates, and links bar codes with digital codes. The Banking and Financial services sector is growing at the second highest CAGR. There is an increasing demand for a more efficient and affordable system of sending money across the region and even outside Asia. Blockchain Technology has the potential to cut down the cross border payment cost, hence expected to drive the Banking and Financial Service sector.
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