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April 20, 2023   Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Metaverse, NFTs, FinTech and Alternative Finance, Fintech International, Fintech Services, Innovation and Resources, Research, Web3, Decentralization, DAOs   No comments

Citi Report: Blockchain’s Next Billion Users: Money, Tokens, Games

Citi | March 30, 2023

Citi money tokens games infographic - Citi Report: Blockchain's Next Billion Users: Money, Tokens, Games

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Billions in Adoption, Trillions in Value

  • The report discusses the potential for blockchain and tokenization to be a disruptive innovation that transforms various industries, including finance, gaming, and social media. Although blockchain has not yet reached mass adoption, the authors believe that an inflection point is approaching, which will be driven by the adoption of central bank digital currencies and tokenized assets.

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  • The authors suggest that successful adoption will occur when blockchain has a billion-plus users who do not even realize they are using the technology. However, to achieve this, blockchain needs the help of technology enablers and regulatory considerations. Although mass adoption could still be six to eight years away, momentum on adoption has positively shifted as governments, large institutions, and corporations have moved from investigating the benefits of tokenization to trials and proofs of concept.

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NCFA Jan 2018 resize - Citi Report: Blockchain's Next Billion Users: Money, Tokens, GamesThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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