Report: Middle East and Africa’s Blockchain Spending to Surge 400% by 2023

Cointelegraph

Published Feb 14, 2020 06:43AM ET

Updated Feb 14, 2020 08:22AM ET

Report: Middle East and Africa’s Blockchain Spending to Surge 400% by 2023

As global blockchain adoption is accelerating, countries in the Middle East and Africa (MEA) are forecasted to massively increase their spending on the tech in the next few years.

According to a new report by United States-based market research firm International Data Corporation (IDC), governments across MEA will see a 400% surge in their investment to blockchain-based solutions in four years.

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