Blockchain technology could unlock £4.48bn opportunity for Scotland, according to report



Blockchain technology could unlock a multi-billion pound boost to Scotland’s productivity, according to a new report from Scottish Enterprise.

The business support agency released an industry paper that decentralised digital tech could help grow the nation’s gross domestic product (GDP) by £4.48bn by 2030.

The economic forecast was outlined in the report, ‘Blockchain Industry in Scotland Landscape Overview: Companies, Investors, Influencers and Trends‘, released on Tuesday.

Worldwide, blockchain is expected to generate $1.2trn to the global economy by 2030.

The report was put together by Deep Knowledge Analytics, presenting an overview of the entire blockchain industry ecosystem.

Suzanne Sosna, Scottish Enterprise director of economic opportunities, said: “This is the first review of its kind into the companies, investors and impact of blockchain that could unlock new and scalable innovation opportunities for our digital economy in Scotland.

“The technology is most associated with the financial…

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