Study: More than a quarter of startups in the Asia-Pacific region are associated with blockchain – Bits Media

In the Asia-Pacific region, there is a noticeable turn of business towards blockchain - according to research from KPMG and HSBC Bank, more than 25% startups are working in this area.

As part of the study, specialists from the consulting firm KPMG and the international financial conglomerate HSBC surveyed representatives of 6,472 companies in the region. Among the “rising giants,” the most popular work has become in the field of non-fungible tokens (NFT). There are also many companies working in the decentralized finance industry. The third most popular companies are, developing infrastructure for electric vehicles, quantum computing systems and robotic technology. On 14 place were startups for the sale and rental of real estate based on the blockchain and decentralized autonomous organizations (DAO).

Add to list 100 the largest companies included only five companies, working in the field of blockchain. And only one - Hong Kong-based Catheon Gaming - entered the top ten in terms of capitalization.

Researchers noted, that China leads in the number of technology startups - 32.8% registered in China. There are also many similar companies in India - 30.1%. Japan and Australia are in third and fourth places with 12.7% and 8.7% respectively.

Recent study of Boston Consulting Group companies, Bitget and Foresight Ventures predict, which already by 2030 year the number of cryptocurrency users will exceed 1 billion.