IDC's 10 predictions of China's blockchain

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.