See full analysis Learn more Blockchain [New] Not many companies have implemented blockchains in Taiwan, making it difficult to estimate the number of companies in different industries that will employ blockchain technology. [New] The technology behind cryptocurrency, i.e., Blockchain might add $1.76 trillion to global GDP in 10 years. [New] Disruptive technologies such as AI and blockchain are changing the way we perceive learning and education in the last decade. [New] The emerging economies of the Asia-Pacific region represent an unprecedented opportunity to experiment with low-cost innovation and open regulatory frameworks of blockchain technology across the insurance sector. [New] EY will specifically offer its two blockchain solutions - EY Blockchain Analyzer and EY OpsChain - through the Chinese national blockchain initiative, the Blockchain-based Service Network. [New] EY will deploy its blockchain products on the Ethereum blockchain and Blockchain Open Source a platform run by Tencent-backed Financial Blockchain Shenzhen Consortium, or FISCO. / China [New] According to Deloitte, over 50% of worldwide organizations see blockchain adoption as their strategic priority, with 86% of executives expecting it to go mainstream, and 77% recognize that not adopting blockchain could cause them to lose their competitive edge. The G7's meeting comes as China makes major progress in rolling out its Blockchain Service Network, or BSN, with big four consulting firm Ernst & Young announcing it will deploy two blockchain-powered products on the BSN last week. In the last couple of years, Malta has become a centre for what the future might hold for many wealthy, tech-savvy countries like the UAE: blockchain technology. Via the Chinese national blockchain project, the Blockchain-based Service Network, EY will directly sell its two blockchain applications, EY Blockchain Analyzer and EY OpsChain. The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance. Maersk expected to enhance the transparency of its global supply chain by facilitating global trade using the TradeLens platform, which uses blockchain technology to enable users trading in a simple, secure and real-time environment. EY teams will use BSN's forthcoming controlled-access service to help enable regulatory-compliant access to the Ethereum network in China. EY teams will use Blockchain Service Network to offer EY Blockchain Analyzer and EY OpsChain to users in China and across the EY Asia-Pacific region on the FISCO BCOS platform. TRISA enables cryptocurrency companies to comply with the Financial Action Task Force regulations that will shape the world of cryptocurrencies and bring them to institutional prominence as investment and cross-border payment technologies. The future of blockchain in 2021 will witness the interoperability of blockchains with conventional financial and banking organizations. The domination of China in the field of blockchain will be one of the top predictions for the future of blockchain. One of the foremost trends that could dominate the future of blockchain in 2021 is the integration of blockchain in government agencies. Visa's belief in the opportunities of blockchain technology and digital payments is not new. Chainalysis will help Barclays to conduct transactions with companies that actively use blockchain and bitcoin, while Wave uses blockchain technology to produce paperless processes for bills of lading - a document required to give title to a shipment of merchandise. ICAP's post-trade risk and information (PTRI) division has completed a proof-of-technology test case for a distributed ledger using blockchain technology. The research, released at the Sibos conference in Toronto, revealed that just over 25% of respondents think that blockchain technology will substantially change the global payments experience. Last updated: 21 February 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No