Why‌ ‌the‌ ‌Momentum‌ ‌of‌ ‌Blockchain‌ ‌is‌ ‌High‌ ‌in‌ ‌2020

Asia Blockchain Review
January 11, 2020

Blockchain is a very detailed structure of data that magnifies the authenticity of every single transaction and progression in the digital world. Despite it being discussed over many years by endless entities; a lot of people are still clueless about the overall concept of it and its importance for the growth of the whole nation, moving forward. 

Transparency Progression

As the new year approaches, new developments and changes are bound to happen. In South East Asia, major countries and key players have immersed themselves into the growing market of Blockchain and acquired their skills and knowledge into digital transformations, crypto exchanges, and most importantly; the reason why the changes happened – secured transparency in the overall operation. 

South East Asia is Taking The Lead

Laws have been enacted in Thailand that will govern cryptocurrencies and the initial planning for the token of blockchain for securities settlements have been planned out. The Governor Bank of Thailand claimed that the usage of blockchain technology will not just safeguard all the financial information, but also will reduce the number of fraudulent ventures by anyone and anything. In fact, the central bank of Malaysia has been welcoming the usage of technology in the banking sector and the Philippines have recognised blockchain as a revolutionary tool. The government of Singapore has even set up funds and incubators that are focusing on the usage of blockchain entirely.

With every single transaction being digitally recorded and authorised, the authenticity of the whole process is being officialised as the highest integrity. When it was first announced, the technology was already seen as the ground-breaking technology with the potential to positively affect various industries.

Main Source: 


Secondary Source:


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Digital Disruption 2020: A True Survival Story
    Asia Blockchain Review had a chat with the Enterprise Strategist of Amazon Web Services (AWS), Mark ...

    August 5, 2020

    Digital Money or Currency: Blocklime CEO Explains
    In 2020, we have witnessed digital currencies being discussed, and Asia Blockchain Review explored t...

    August 5, 2020

    Honouring Bitcoin in Malaysia – A Refreshed Perspective
    ABR asked Jason Chew, the Managing Partner of Bitcoin Malaysia about the whole ordeal of establishin...

    August 5, 2020

    IBM: Security Response Planning On The Rise
    IBM Security announced the results of a global report examining businesses’ effectiveness in prepari...

    August 4, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us