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

Africa Blockchain Spending to Surge

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

IDC report outlines that blockchain tech is increasingly growing its share in digital transformation initiatives in the MEA region. Specifically, MEA countries are predicted to increase its blockchain spending from $21 million in 2019 to as much as $105 million by 2023.

Remember that LinkedIn rated Blockchain as the best sort after job and highest paid Job fpor 2019/2020. Also Twitter CEO has said that Africa is the next hub for crypto development making it safe to say that Africa Blockchain Spending will Surge soon.

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