Singapore has been named the global leader in blockchain technology in a new study of the top jurisdictions in the cryptocurrency space. The study was conducted by ApeX Protocol, a multi-chain liquidity platform.
Based on criteria such as the number of blockchain patents, the number of jobs related to the technology, and the number of cryptocurrency exchanges headquartered in the country, Singapore achieved a composite score of 85.4, topping the list of the top 10 regions.
According to the study, Singapore currently has 1,600 blockchain-related patents, 2,433 jobs in the industry, and 81 cryptocurrency exchanges. These are impressive numbers for a country with a population of less than 6 million.
In second place is China’s Hong Kong Special Administrative Region, with a composite score of 82.7. Hong Kong stands out for its strong financial infrastructure, which facilitates the integration of blockchain technology and exchanges.
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Estonia, a small country with a population of just 1.4 million, also made a strong impression with a score of 81.5. Estonia holds 95 blockchain patents and is home to 52 cryptocurrency exchanges, demonstrating its growing presence in the sector.
Other countries that made the top blockchain list include Switzerland, the United States, Canada, Australia, South Korea, the United Kingdom, and the United Arab Emirates. This confirms that blockchain is not just a technology for large economies, but also a driving force for innovation in small, agile countries.
