A report Coinbase (Nasdaq: Coin) has emphasized the trend of Fortune 500 companies that focus on blockchain to tackle specific pain points in their internal activities.
According to the State of Crypto report, six of the 10 Fortune 500 companies investigate the viability of blockchain-based solutions, with investigated managers, including the emerging technology in their objectives in the short and medium term. One in five managers says that Blockchain is part of the long -term plan of the activities of their company, with an impressive 47% in the past year.
While Fortune 500 companies show a large appetite for blockchain, small and medium-sized companies also embrace technology. 80% of the respondents investigated showed that Blockchain would help with internal activities, in particular managing invoices and debtors, leaning on smart contract automation and transparency functions.
Of the respondents without active blockchain initiatives, 46% has unveiled plans to explore the technology within three years. The renewed interest is particularly impressive in the light of the rising acceptance of artificial intelligence (AI) and the hectic race among companies to integrate AI models into their activities.
Fortune 500 companies and SMEs look at the Real-World use cases from blockchain integrations. Behemoths are especially enthusiastic about the token reasons of Blockchain, with players in the financial sector in this regard.
Both cohorts turn to blockchain for his decentralized fundraising utilities and use cases in real -time and cross -border payment functionality.
Various factors play behind the growing institutional interest in blockchain. Although government agencies are indicated on increased cooperation in industry, large companies and operators of small companies have opened their eyes to incoming American legislation for digital assets.
“It is clear that greater legal certainty is still required to fully realize the potential of crypto,” read the report. “That is why the approval of the market structure and the stablecoin legislation is so crucial for the future of crypto innovation in America.”
Blockchain-based companies are increasing
Despite the increase in AI-oriented companies, reporting on Blockchain-based companies impressive growth tricks in various areas of law. One report notes that blockchain-oriented companies in cyber security have achieved a ROI of 200%, which performs better than the return of AI-based companies.
In Southeast Asia, Hong Kong leads the growth spurt of blockchain-based companies with its cyberport initiative. Since the launch, 150 Web3 companies have set a store in Cyberport, lured by the prospects for tax benefits, legal support and a series of stimuli supported by the government.
The Digital Asset Minister of Pakistan closes the American tour after a series of policy meetings
Pakistan is getting closer to his goal of becoming a regional digital activapermoger with his latest game with cross -border cooperation for technological progress.
According to an X -post, the Pakistani State Crypto & Blockchain, Bilal Bin Saqib, has met American supervisors to collect ideas. During his cross-country tour, SAQIB had sit-downs with leading proponents of digital assets in the US, including senator Cynthia Lumis and mayor Eric Adams in New York City.
“From Capitol Hill to the White House, I shared a new face of Pakistan: a driven by young people, innovation and global partnerships,” said Saqib.
The tour of one month saw Saqib Pakistani digital asset interests in the US and borrow a page from the emerging regulatory playbook of the country. In his meetings with important American figures, SAQIB revealed plans from the Pakistani government to set up its own strategic Bitcoin reserve, reflected the executive order, signed by President Donald Trump.
In his meeting with the NYC mayor, SaQIB hit the idea of a bilateral relationship between Pakistan and the Big Apple. It is remarkable that the Pakistani State minister for digital assets has shown that the Asian country is willing to collaborate with New York in regulations and innovation.
NYC and Pakistan have previously launched crypto councils, where Saqib insists on policy advice initiatives between entities.
Apart from Senator Lummis and Mayor Adams, Saqib met senators Tim Sheehy, Jim Justice, Rick Scott and Bill Hagerty in a series of meetings in Washington, DC
SAQIB took the time to generate Pakistan’s progress in his digital activity. Firstly, the minister unveiled important steps for launching a robust framework for a regulatory framework for digital assets in the country and is planning to embrace Stablecoins for transferments.
Pakistani soldiers on their way to full digitization
To achieve his ambitions for digitization, Pakistan has launched a new regulatory body to supervise the digital assets sector. Dubbed the Pakistan Digital Asset Authority (PDAA), the newly beaten watchdog will supervise the licenses of digital asseters and stablecoin emission.
The country makes a leap with Bitcoin -Mybouw and uses surplus energy to extract the digital currency. In addition, the digital transformation -spree regulators sees digital wallet expanding cover for auxiliary distribution, with national birth and death records turning to blockchain for accuracy and transparency.
Credit : cryptonews.net
