EU spending on Blockchain development lowered due to COVID-19

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EU spending on Blockchain development lowered due to COVID-19. The IDC has revised down its forecasts for EU enterprise spending on blockchain development in the next few years due to the COVID-19 pandemic.

Analysts have revised down their forecasts for European enterprise spending on blockchain development in the next few years due to the economic aftershocks of the COVID-19 pandemic. 

In a report published on May 5, United States-based market research firm International Data Corporation (IDC) said it expects the slowdown to be temporary and unevenly distributed across sectors.


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