Asia is taking the lead in the race to adopt the distributed ledger technology – commonly known as blockchain – with financial hubs such as Hong Kong and Singapore, says the Managing Director Asia-Pacific for Ripple, Dilip Rao.
This view is somewhat supported by a latest report that says Asia, especially China, is home to about a third of the 22 fintech unicorns – startups valued at more than a billion dollar – that are globally valued at $74b in aggregate.
http://news.8btc.com/why-asia-may-lead-in-blockchain-adoption-sooner-than-expectedThe U.S., with its Byzantine financial regulations, will be left behind as the center of financial power moves to Asia, and will become just another in a long line of those crumbled empires with nothing better to do than to wax nostalgic about their former glories.
