SINGAPORE (July 31): Spending on blockchain solutions in Asia Pacific excluding Japan (APAC ex-Japan), is predicted to reach US$2.1 billion ($2.86 billion) in 2022, according to IDC’s Worldwide Semi-annual Blockchain Spending Guide.

Blockchain spending is expected to grow rapidly over 2017-2022, with a five-year compound annual growth rate (CAGR) of 72.6%.

In this year, blockchain solutions spending is forecasted to rach US$272.7 million, which is almost double of US$138.1 million last year.

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