Report: Blockchain spending in the Middle East and Africa will surge 400% by 2023

According to the latest report from US market research firm IDC, government investment in blockchain solutions across the Middle East and Africa (MEA) region will surge by 400%. MEA national blockchain spending will increase from $ 21 million in 2019 to $ 105 million in 2023. IDC had previously predicted that global blockchain spending in 2019 would be close to $ 3 billion, a 89% increase from 2018, and that number would reach nearly $ 16 billion in 2023.