Israel Has 200+ Blockchain-Based Businesses, Tech Adoption On The Increase

A recent press release is in the latest blockchain news, mostly because of a surprising fact regarding the blockchain adoption in Israel.

Released by the Israeli Blockchain Association, which is an organization specialized in educating, developing and empowering Israel’s distributed ledger technology (DLT) community. According to the Blockchain Startup Map, there are more than 200 blockchain-based businesses in Israel.

This is obviously proof that the blockchain technology is adopting more and more by businesses in Israel – and that crypto assets are gaining broader adoption across many different industries around the world. As the report noted, there are now more than 200 DLT-related startups in the nation state.

The body also claims that at least 57 of these startups are using blockchain in order to disrupt the nation’s financial technology and its ecosystem while about 37 firms are focused on the Protocols/Core Infrastructure sectors and several others operate in the security field of the economy.

TechCrunch also came out with a report about Israel’s leap forward towards embracing crypto, stating that thousands of blockchain-linked projects have kicked the bucket so far. In the report, the founding partner of the Israeli Blockchain Association said:

“The Israeli blockchain ecosystem is presently experiencing both a boost and a transformation.”