The IDC, a market intelligence report, suggest China will exceed $2 billion spendings on blockchain in 2023. Official recognition of blockchain will push adoption and drive spending growth in the sector. China is expected to exceed some $2 billion on its blockchain spending by the end of 2023, according to a report carried out by market intelligence firm IDC. In the report, IDC has made an estimate that China’s spending on blockchain projects would note a compound annual growth rate of 65.7% from 2018 to 2023. In the current year, the majority of blockchain spending focused on the banking sector. Elsewhere, the manufacturing, professional services, and retail industries also attracted funds for DLT projects. According to Xue Yu, a researcher at the IDC and author of the latest report, the official recognition of blockchain will push adoption and drive spending growth in the sector. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next DXY: Bull cycle could extend further if a 2020 US recession is coming – CitiBank FX Street 3 years The IDC, a market intelligence report, suggest China will exceed $2 billion spendings on blockchain in 2023. Official recognition of blockchain will push adoption and drive spending growth in the sector. China is expected to exceed some $2 billion on its blockchain spending by the end of 2023, according to a report carried out by market intelligence firm IDC. In the report, IDC has made an estimate that China's spending on blockchain projects would note a compound annual growth rate of 65.7% from 2018 to 2023. In the current year, the majority of blockchain spending focused on the banking… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
