Blockchain Expert: UAE On Course To Emerge As A Superpower In The Blockchain And Crypto Industry

in #partiko5 years ago

PHOTO SOURCE: COINSPEAKER

Blockchain expert Gregory S Mathew propounded the view that the United Arab Emirates (UAE) is on track to become a superpower in the blockchain and crypto arena in an article contribution on Coinspeaker.

Gregory's opinion is based on the below figures from a report by market intelligence platform Inwara:

  • In Q1 2019, funds raised through ICOs by companies based in the UAE made up 21% of the total amount raised globally.

  • In Q1 2019, funds raised through STOs by companies based in the UAE made up a staggering 55% of the total amount raised globally.

The UAE government also announced during the launch of its Emirates Blockchain Strategy 2021 in April 2018 that it aims to conduct 50% of all government transactions on a blockchain network by 2021, Gregory pointed out.


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