Report: Singapore’s Blockchain Market Spending May Reach $1.9 – $2.6 Billion By 2030

Updated : 2019-11-13T01:48:01

Recently, ConsenSys published the Singapore Blockchain Ecosystem 2019 report, a report which addressed the nation’s blockchain landscape. The report was co-authored by Temasek, Monetary Authority of Singapore, and Infocomm Media Development Authority.

It stated that Singapore’s blockchain market spending has the potential to reach $1.9 – $2.6 billion by 2030, and that blockchain has the potential to improve the process of capital raising and investing. Additionally, the report said that 56% of the world’s top 50 universities offer at least one course on cryptocurrency or blockchain, representing a 23% increase from last year. The National University of Singapore was ranked 10th in terms of the number of cryptocurrency-related courses, it said.