China is leading global blockchain adoption for digital transformation
Distributed ledger technology (aka blockchain) is catalyzing a long-term shift of trust in distributed business environments worldwide. Chained data blocks make assets traceable, cryptography enables trusted ownership, and consensus algorithms realize distributed business consistency. In the meantime, the critical challenges that COVID-19 pandemic brought to the global economy -- such as supply chain financing, food traceability, and visibility into asset logistics -- further prioritized blockchain adoption for digital transformation.
In the past six months, Forrester has comprehensively researched blockchain adoption in China. The key finding is this: Strategic investments in digital transformation by the government, enterprises, and vendors have propelled China's blockchain adoption ahead of other regions.