Rating: Adopter

Adoption stage - These countries have applied blockchain to a variety of use cases and are likely to become thriving ecosystems.

Adopter Rating: Adopter
Australia & Oceania
Australia

Australia is a positive advocate for blockchain. The government has invested in blockchain initiatives, created a Fintech bridge with the UK and…

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Adopter Rating: Adopter
Asia
Bahrain

Bahrain has demonstrated leadership in promoting use of blockchain in the public sector in a variety of use cases, it has also…

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Adopter Rating: Adopter
Europe
Estonia

Estonia is world-renowned as a leader in the use of technology in the public sector, including pioneering at an early stage in…

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Adopter Rating: Adopter
Europe
European Union

The EU is ranked as positive towards Blockchain. It has founded numerous international groups to promote blockchain adoption, invested via Horizon 2020…

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Adopter Rating: Adopter
Europe
Gibraltar

Gibraltar has demonstrated a clear ambition and strategy leading to its current recognition as a blockchain hub. It has provided firm regulatory…

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Adopter Rating: Adopter
Asia
Indonesia

Indonesia is a becoming a blockchain adopter with number of pilot projects in the works and dedicated innovation hub on Batam Island.

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Adopter Rating: Adopter
Africa
Nigeria

As one of the largest economies and the most populous country in Africa, Nigeria stands to become a blockchain powerhouse in the…

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Adopter Rating: Adopter
Asia
Singapore

Singapore is often regarded as a blockchain-friendly jurisdiction although it has had some regulatory ups and downs. Public sector uses include trade…

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Adopter Rating: Adopter
Africa
South Africa

South Africa is seen as a tentative blockchain adopter due to establishing a Crypto-asset Regulatory Working Group to investigate regulatory treatment, its…

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Adopter Rating: Adopter
Europe
Sweden

Sweden is an adopter, having applied blockchain to its national land registry. It has also created an Innovation Centre, issued some guidance…

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Metrics

For the purpose of this Report, jurisdictions were assessed against a number of factors and, based on their performance, awarded a traffic light colour of red, amber or green according to their progress.

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Adopter Adopter
Investigator Investigator
Sceptic Sceptic
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The factors taken into account included:

Propensity to change
Political stability; openness to technological change; digital transformation strategy; clear leadership.

Legal certainty
Friendly regulatory environment; level of clarity; presence of regulatory sandboxes or innovation hubs.

Infrastructure
Existence and variety of use cases in the public sector; level of investment; & tax credits.

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