Rating: Investigator

Investigation stage - These countries have made some steps in fostering innovation, but the work remains preliminary and may be focused on only one sector.

Investigator Rating: Investigator
Europe
France

France has been at the forefront of the blockchain revolution in Europe. As early as 2016, the first definition of “blockchain” made…

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Investigator Rating: Investigator
Africa
Ghana

Ghana is exploring the regulatory treatment of blockchain and cryptocurrencies and has a use case on national land registry.

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Investigator Rating: Investigator
North America
Haiti & Dominican Republic

Haiti has an active use case in agriculture and in the neighbouring Dominican Republic the Central Bank has expressed positive opinions towards…

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Investigator Rating: Investigator
North America
Illinois / Colorado / Ohio / Montana / Delaware

Illinois, Colorado, Ohio, Montana and Delaware are all exploring blockchain and have each enacted a blockchain-specific regulation or initiative.

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Investigator Rating: Investigator
Intergovernmental Approaches

The OECD is still at the investigation stage and is trying to understand the space and its potential through reports and workshops.…

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Investigator Rating: Investigator
Europe
Isle of Man

The Isle of Man has been an active explorer and is positive towards adoption of blockchain especially in fintech but is currently…

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Investigator Rating: Investigator
Africa
Kenya

Kenya is investigating blockchain via its Distributed Ledgers and AI Task Force and has use cases in electoral polling and housing.

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Investigator Rating: Investigator
Asia
Thailand

Thailand is a blockchain investigator and is perhaps moving towards being an adopter. It has created a degree of regulatory certainty in…

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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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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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