This is a guest opinion post from Guofei Jiang, President of Intelligent Technology Business Group at Ant Group.
The COVID-19 pandemic that swept the world in 2020 is completely transforming the way people live, work, and interact with one another. Across the globe, more and more day-to-day activities are taking place online, further accelerating the digitalization of all sectors. In this context, fostering and maintaining trust between multiple parties has become increasingly valuable.
Blockchain, with its tamper-proof and distributed nature, is key to strengthening trust in this increasingly digital environment. This trend is evidenced by ever-growing investment in blockchain solutions, which had been expected to grow to US$15.9 billion in 2023, ten times more than the US$1.5 billion invested in 2018.
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