DESPITE naysayers dispelling the benefits of blockchain technology, more have embraced its true nature. Enhanced security, greater transparency, and improved traceability and efficiency are among blockchain’s main disruptive virtues, so much so that it is now making strides into other industries beyond just the financial sector.
According to CB Insight’s Market Sizing Tool, annual spending on blockchain solutions is expected to hit US$16 billion (RM68 billion) by 2023. Considering that US$8.7 billion of blockchain and cryptocurrency investments were spent in the first half of 2021, the estimated US$16 billion is potentially within reach of future investments.
Aware of this, the Malaysian government, through the Malaysia Digital Economy Blueprint (MyDigital), is working together with agencies like Malaysia Digital Economy Corp (MDEC) in rolling out programs, initiatives, and grants in support of building a sustainable ecosystem for the nation’s tech and fintech industry.
Through the Digital Investments Future5 Strategy and the Digital Investments Office, MDEC is looking to drive digital investments to Malaysia, with a focus on blockchain as one of the five key emerging technologies.
As the world acclimatizes to the new business environment brought forth by the Covid-19 pandemic, technology-driven solutions have taken precedence in future economic growth.
Cognisant of the current changing landscape, IIB Ventures, a wholly owned subsidiary of Iskandar Investment Bhd (IIB), launched the Iskandar Global Innovation and Technology Exchange (Ignite) in July 2021, with the goal to bring innovative minds together in sharing innovative solutions, thoughts, and knowledge on emerging technologies.
Continue reading: https://www.thesundaily.my/business/blockchain-embracing-the-technology-for-change-AB8605233
According to CB Insight’s Market Sizing Tool, annual spending on blockchain solutions is expected to hit US$16 billion (RM68 billion) by 2023. Considering that US$8.7 billion of blockchain and cryptocurrency investments were spent in the first half of 2021, the estimated US$16 billion is potentially within reach of future investments.
Aware of this, the Malaysian government, through the Malaysia Digital Economy Blueprint (MyDigital), is working together with agencies like Malaysia Digital Economy Corp (MDEC) in rolling out programs, initiatives, and grants in support of building a sustainable ecosystem for the nation’s tech and fintech industry.
Through the Digital Investments Future5 Strategy and the Digital Investments Office, MDEC is looking to drive digital investments to Malaysia, with a focus on blockchain as one of the five key emerging technologies.
As the world acclimatizes to the new business environment brought forth by the Covid-19 pandemic, technology-driven solutions have taken precedence in future economic growth.
Cognisant of the current changing landscape, IIB Ventures, a wholly owned subsidiary of Iskandar Investment Bhd (IIB), launched the Iskandar Global Innovation and Technology Exchange (Ignite) in July 2021, with the goal to bring innovative minds together in sharing innovative solutions, thoughts, and knowledge on emerging technologies.
Continue reading: https://www.thesundaily.my/business/blockchain-embracing-the-technology-for-change-AB8605233
