Blockdaemon executive Andrew Vranjes said that tax regulations and the lack of uniform regulations across jurisdictions hold back institutions from adopting blockchain.
While blockchain infrastructure continues to be adopted by bigger institutions in the Asia-Pacific (APAC) region, a Blockdaemon executive predicts that the technology could soon expand into small and medium-sized enterprises (SMEs).
Andrew Vranjes, the head of international and vice president at blockchain infrastructure provider Blockdaemon, told Cointelegraph that blockchain technology will ultimately reach smaller companies as it develops in the APAC region. He explained:
According to Vranjes, the APAC region has been proactive and supportive of blockchain technology in terms of regulations.
