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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov