
Our latest update of Blockchain Asia includes a report by International Data Corporation - “IDC FutureScape: Worldwide Blockchain 2020 Predictions – China Implications”, outlining a total of 10 predictions for China’s blockchain sector, such as Cross-border payments: by 2023, 40% of China’s first-tier financial institutions will use blockchain networks for node-to-node processing of cross-border payments, bypassing SWIFT and central bank infrastructure; Blockchain services: by 2023 Chinese enterprises will invest USD$2.7 billion in blockchain services (consulting, maintenance, support, etc.), accounting for 29% of enterprise management service expenditures; Blockchain infrastructure: by 2020 over 90% of organisations in China will make use of Blockchain-as-a-Service (BaaS) platforms as their first choice for blockchain infrastructure during blockchain activities.
For the full update, please visit here.