US Blockchain spendings to exceed $4 billion in 2022

The US is expected to increase its Blockchain spendings by 280%

Blockchain technology

US Blockchain spendings to exceed $4 billion in 2022. Source: shutterstock.com

The United States is expected to increase its expenditures on blockchain technology from $1.1 billion in 2019 to $4.2 billion in 2022.

For comparison, Western Europe will increase its blockchain spendings from $1.25 billion in 2019 to $2.9 billion in 2022, boosting its investments by 131% in the following years.

The Asia Pacific region (except China and Japan) will invest $1.08 billion more in blockchain technology from 2019 to 2022, representing growth of 150%.

Meanwhile, the Middle East and Africa will spend $0.5 billion on the blockchain market, jumping from $0.25 billion this year, a 100% increase in just a few years.

China is expected to grow its investments in blockchain solutions by 133% from 2019 to 2022,  representing a move from $0.5 billion to $1.4 billion in just three years.

Other regions would increase their blockchain investments from $0.45 billion to $1.9 billion, a massive 322% increase.

The US and China are two of the most powerful economies in the world. According to the statistics, China will have to increase its blockchain spending by 200% by 2022 if it wants to reach the same level of investments as the US.

SEE ALSO: Blockchain market revenue to exceed $16 billion by 2024

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