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

  • Alex Dovbnya
    📰 News

    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


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.

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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