Blockchain Spending In Africa & Middle East to More than Double In 2018 – ICD

International Data Corporation (IDC) has set spending on blockchain solutions in Africa and the Middle East to more than double in 2018.

The global technology research and consulting firm recently introduced Worldwide Semi-annual Blockchain Spending Guide which indicates blockchain spending in the region sums up to $80.8 million in 2018, a 107 percent rise from $38.9 million spent in 2017.

IDC expects blockchain spending in the two regions to hit $307 million in 2021 which represents a 77.4 percent compound annual growth rate (CAGR) for the period 2016 to 2021.


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