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China Will Be World’s Blockchain Leader by 2023: Report

  • Despite its ongoing crackdown on digital assets, China is poised to turn into a dominant force in Blockchain technology, going as far as overtaking the US

Cover image via U.Today

Despite its ongoing crackdown on digital assets, China is poised to turn into a dominant force in Blockchain technology, going as far as overtaking the US.

A new PwC survey, which covers the opinions of 600 CEOs from all over the world, shows that 29 percent of poll participants are certain that the US is the current leader when it comes to developing and implementing a distributed ledger technology. However, the 2021-2023 projection shrinks this figure to only 18 percent while China gains the upper hand with a whopping 30 percent share.

However, the aforementioned survey also shows that only 15 percent of companies implement a working Blockchain technology with more than a third of all projects being in the stage of development.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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