Research: More than a quarter of startups in the Asia-Pacific region are associated with blockchain

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In Asia-PacificThere is a noticeable turn of business towards blockchain - according to a study by KPMG and HSBC Bank, more than 25% startups are working in this area.

As part of the study, specialistsThe consulting firm KPMG and the international financial conglomerate HSBC surveyed representatives of 6472 companies in the region. Among the “rising giants,” the most popular work has become in the field of non-fungible tokens (NFTs). There are also many companies operating in the decentralized finance industry. The third most popular are companies developing infrastructure for electric vehicles, quantum computing systems and robotic technology. Blockchain-based real estate startups and decentralized autonomous organizations (DAOs) took 14th place.

The list of the 100 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.

The researchers noted that China leads inthe number of technology startups - 32.8% are registered in China. There are also many similar companies in India - 30.1%. Japan and Australia are in third and fourth place with 12.7% and 8.7% respectively.

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