Global blockchain technology rankings: Singapore, Hong Kong, and Estonia rank among the top three
A recent study of global cryptocurrency jurisdictions by multi-chain liquidity platform ApeX Protocol found that Singapore topped the global blockchain technology rankings. The study took into account blockchain patents, related technology jobs, and the number of domestic cryptocurrency exchanges, with Singapore leading the way with a high score of 85.4. Specifically, Singapore has 1,600 blockchain patents, 2,433 related industry jobs, and 81 cryptocurrency exchanges, especially for a country with less than 6 million total population. Hong Kong, China, with its strong financial infrastructure, excels in the convergence of blockchain technology and exchanges, with a combined score of 82.7. In addition, Estonia has a combined score of 81.5. Despite having a population of only 1.40 million, Estonia has 95 blockchain patents and 52 cryptocurrency exchanges, which is not to be underestimated. Other countries leading the development of blockchain technology include Switzerland, the United States, Canada, Australia, South Korea, the United Kingdom, and the United Arab Emirates.