In this newsletter, we showcase the most significant articles surrounding blockchain financial developments. Because of a softer regulation onramp and the desire to leapfrog infrastructure, we should take a page out of Asia and recognize what’s coming.
Although the United States is known for great technology, over the last 30 days we have seen a spike in enterprise blockchain projects, specifically in the Asia market. In October, tech giants in China registered more than 300 blockchain projects with a concentration in financial services. The last such list was published in March with 197 projects.
The majority of use cases center around trade finance, asset management, cross-border payments and supply chain finance. Of note is Alibaba with their silent press to gain US cloud share as well as the lead in blockchain patent applications. Currently, they top the list with 90 projects, surpassing IBM and Bank of America.
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