Why Majority of Asia-Pacific Companies don’t Understand Blockchain?
According to a survey conducted by Ernst & Young, nearly 70 percent of companies located in the Asia- Pacific region remain slow to adopt blockchain technology as its benefits are still misunderstood.
According to the study, China’s blockchain spending is expected to reach $319 million, a figure that is still well below U.S. and Europe expenditures which sit at $1,1 billion and $674 million respectively, for a worldwide total $2,9 billion approximately. The funds mainly come from the financial sector, where the banking, securities investment services, and insurance industries combined will invest more than $1,1 billion this year.
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