Yesterday, market research firm International Data Corporation (IDC) forecast that China’s enterprise blockchain spending would hit $2 billion in 2023 as part of its Global Semi-annual Blockchain Spending Guidelines report.
The report was published soon after a flurry of blockchain activity was triggered by the speech of Chinese President Xi Jinping. Many saw the President’s endorsement of blockchain as a challenge to US dominance in technology.
“The biggest change in China’s blockchain market in 2019 is the leadership’s adjustment of blockchain technology, which has a huge impact on clarifying market awareness and promoting technology,” said Xue Yu, IDC China Blockchain Market Research Manager.
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Image Copyright: IDC
