Pro-digital governments and regulations provide a landscape for Asia Pacific tech companies and entrepreneurs to invest, grow and experiment with new currencies. With the rise of digital assets like crypto-currencies, NFTs, and digital real estate in the metaverse, extreme disruption in this space is giving way to a new paradigm of risk.
Asia Pacific is leading the digital transformation race, setting the pace globally according to a recent McKinsey report, stating that COVID-19 has accelerated digital transformation by 10 years across Asia Pacific, compared to seven years in other regions.
This region-wide surge has put transformation on the national agenda of many Asia Pacific governments. Singapore, for example, has released a Smart Nation 2025 blueprint, while China, Indonesia, Thailand, and others, have similar ambitions to optimise their budding digitalisation initiatives.
