NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Why Is Asia Pacific Blockchain Industry Growing so Fast

Ali Raza
Ali Raza
6 years ago
2 mins read
blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Global Market Insights’ recent report claims that the blockchain market in the Asia Pacific region has seen a significant growth thanks to the increase in the number of investments in blockchain-based companies. The report also claims that the market will hit $16 billion in the next few years, likely by 2024.

Back in 2016, the number of investments in blockchain-based startups had seen over 135 deals. These deals have brought over $545 million to the market at the time. Then in 2017, the market grew by 50% after over 185 deals were made. This event brought over $1 billion in investments.

The increase in funds signals the continuous development of new technologies, with the focus of investors remaining on the blockchain. Because of this, blockchain technology has seen a significant increase in adoption, even when it comes to other industries.

Digital ledger technology has experienced a large increase in adoption levels. This does not only include startups, but also some of the largest companies in the world. Those include players like Ripple, IBM, Microsoft, Amazon, Digital Asset Holding, Chain, Abra, R3, SAP, Digiledg, Earthport, Coinbase, BTL Group, Blockstream, BitSE, Bloq, Blocko, Asta Solutions, Alphapoint, and Bacoor.

Largest Focus is on Healthcare

A recent report published by Zion Market Research claims that the healthcare market has seen the largest level of adoption when it comes to the blockchain technology. The value of this technology on a global scale was over $34 million back in 2017. Today, however, the revenue expected to be generated by the end of 2024 is closer to $1415.59 million according to reports.

The blockchain technology in healthcare is divided into three segments — application, region, and end user. The segment regarding the application includes clinical data exchange and interoperability, claims settlement and billing, as well as supply chain management. When it comes to the end user segment, the technology is once again segmented into pharmaceutical companies, healthcare payers, and healthcare providers.

Blockchain technology is making data management much more efficient, while at the same time, it improved security and interoperability.

Governments’ Involvement in Blockchain Technology

According to the Global Market Insights’ report, one of the biggest reasons for such a huge interest in the blockchain technology comes from the fact that the government of the region supports it as well. Through numerous policy changes and initiatives, countries like China and Singapore are trying to understand the new technology and benefit from its use.

Singapore’s Monetary Authority has even partnered with R3 back in 2016 to explore the blockchain technology and use it for conducting inter-bank payments. Additionally, the country is exploring another potential use case for this technology, which has a goal of linking its National Trade Platform to those of other countries.

At the same time, the government of China is trying to use the blockchain for tracking charity donations. In fact, they even plan to use it to make a complete overhaul of their charity tracking system.

 

Image from Shutterstock
Tweet123Share196ShareSend
Ali Raza
Ali Raza

Ali Raza

A freelance journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali's work has been published on a number of cryptocurrency publications.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Altcoin season start doordat Ethereum boven presteert en Bitcoin dominantie daalt

Altcoin season start doordat Ethereum boven presteert en Bitcoin dominantie daalt

De cryptomarkt staat er goed voor de komende tijd. Een heuse altcoin season ligt op de loer, terwijl Bitcoin dominantie...

Lars Diederiksen 5 hours ago

Wallet Bitcoin Dormiente Muove 1,2 Miliardi di dollari in BTC: In Arrivo Una Grossa Vendita?

Il recente momentum di Bitcoin ha subito una pausa dopo l’ultimo rilascio del Consumer Price Index (CPI) negli Stati Uniti,...

clararosati 9 hours ago
Bitcoin price news

This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert

A provocative post published on July 14 by long‑time Bitcoin advocate and “Taproot Wizard” Udi Wertheimer has ignited fresh debate over whether...

Jake Simmons 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin’s Next Milestone: $250K In Sight After $120K Test, Analyst Says

Christian Encila 54 minutes ago
XRP

XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH?

Scott Matherson 2 hours ago
Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Sebastian Villafuerte 5 hours ago

Premium Sponsors

Press Releases

  • 2 kryptoměny s extrémně vysokým oceněním, které mohou stát za to riziko

    2 kryptoměny s extrémně vysokým oceněním, které...

    1 hour ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    2 hours ago
  • 2 криптовалути с небесни оценки...

    5 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    5 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.