The Asia-Pacific region is seeing significant business transformation with an increasing number of new tech startups, although venture capital investments have declined year-on-year. According to a report from KPMG, one of the largest auditing firms, and HSBC surveyed 6,472 startups in Asia Pacific.meetthat more than 1 in 4 is related to blockchain.
NFT tokens are a leader in sectors that “Emerging giants” in Asia-Pacific are active. This was followed by decentralized finance, also known as DeFi, electric vehicle charging infrastructure, quantum computing, and robotic computing automation. included in the first five sectors Blockchain and Decentralized Autonomous Organization Real Estate Division (DAO) Ranked 14th and 15th respectively on the same list.
Despite the strong overall position But blockchain-related companies are the most common among the lower. Of the top 100 growing giants, only five are blockchain-related, and only one is Hong Kong’s Catheon Gaming, a play-to-earn platform that ranks in the top 10 (eighth).
The report looked at 12 countries in Asia-Pacific, representing 94.8% of all companies surveyed. Most of the new technology companies are located in Mainland China (32.8%) and India (30.1%), Japan (12.7%) and Australia (8.7%), trailing third and fourth.
“Continued growth of the middle class in Asia. In particular, the emergence of Gen Z consumers is the biggest factor driving the digital economy across the region, but […] A more prosperous aging society in Asia will also be a rich source of innovation.”
“The most successful companies are focusing on specific areas of expertise,” the report said, citing. “China’s ability to pilot and test digital platforms” is an example, despite China’s ban on cryptocurrency trading. But the central bank digital currency e-CNY is accepted by more than 4.5 million traders across the country.
The post A survey of giant Asia-Pacific startups found that 1 in 4 blockchains appeared first on Bitcoin Addict.