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Six Reasons Why Blockchain Will Follow a Unique Adoption Pattern in Europe

Six Reasons Why Blockchain Will Follow a Unique Adoption Pattern in Europe

This IDC Perspective highlights six patterns of blockchain adoption that are unique to the European region and provide guidance for technology buyers that are considering investing in this technology. "Blockchain and distributed ledger technologies have a global nature, as their main objective is to facilitate the exchange of digital and physical assets among third parties. Nonetheless, the complexity of the European region generates a stronger need for cross-border and cross-company collaboration. The collaborative approach, data privacy rules, and the vibrant start-up ecosystems are poised to shape the blockchain space in Europe and make it much different from other regions," said Giorgio Nebuloni, research director, IDC European Infrastructure.

Executive Snapshot
Situation Overview
Blockchain Spending in Europe Started Off Slowly, But It is Now Growing Faster Than Anywhere Else
Consortia Will Play a Huge Role in Europe, With Intense Participation From Blue-Chip Companies
Supranational and National Bodies Have Moved Early in Publicizing and Funding Blockchain Projects in Europe
Blockchain Start-Up Hubs in Europe Carry an Unprecedented Punch in the Global Fight for Money and Talent
Blockchain Adoption in Europe Will First be Shaped by (and Eventually Reshape) Data Privacy Regulation
System Integrators With European Roots Will Get Tailwind From Government Connections and Consortia, But are Currently Behind Global Competitors
Advice for the Technology Buyer
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