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Blockchain Technology to Pump Up Sydney Economy by 80%


Blockchain Technology to Pump Up Sydney Economy by 80%

According to a new data published by Digital Realty nascent technological innovations such as blockchain technology, artificial intelligence (AI), 5G and Internet of Things (IoT) are set to transform Sydney’s economy and inject close to AUD 30.8 billion in the next ten years, an increase of 80 percent since 2019. For a lot of countries, blockchain technology is doing what the internet did to our everyday lives. From lesser-known countries like Malta and Hong Kong strengthening their economic gains by embracing blockchain to world leaders like China turning to blockchain to reinstate their position as the reigning champion in technological innovations, the technology has undoubtedly started to get the attention it deserved. Sydney not only leads nascent technology adoption in Australia but is also Asia Pacific’s leading hub for banking, IT, and education industry. It also houses close to 65 percent of the nation’s financial services and accounting activities. Read More...