The first day of the BSV Global Blockchain Convention witnessed several exciting moments, along with a few educational talks. One such talk was delivered by Muhammad Afzar Ahsan, Former Minister of State & Chairman, Board of Investments, Pakistan, who hosted BSV Blockchain Association’s Jimmy Nguyen and other blockchain leaders in the country twice this year, including once for the Pakistan Blockchain Summit. Nguyen and others were introduced to all the top technology stakeholders of Pakistan, where they jointly discussed and explored areas of development with the help of blockchain technology.
Ahsan pointed out that the efficiency of new technology relies more on intellectual abilities than on national resources. He said blockchain provides solutions for many industries—real estate, Internet of Things, supply chain, healthcare, and financial services, among others.
Highlighting some vital numbers to the audience, Ahsan revealed that by 2030, the global blockchain market will be worth US$1432 billion and this sector could increase the global GDP up by US$7.6 trillion. “Almost 96% of financial experts believe that blockchain has achieved the mainstream adoption and is changing the way financial systems used to work. In 2022 [to date], the worldwide spending on blockchain is around US$4.1B, almost 50% more than it was in 2019,” he said.
He noted that blockchain technology protects assets, sets organizational boundaries, establishes and verifies technical capabilities,...
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