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Technology

Asia bets on blockchain to battle online theft during pandemic

Unisys and bitFlyer roll out remedies as internet piracy surges amid lockdowns

Blockchain maximizes the use of data stored online while curbing associated risks. (Source photos by Nihon Unisys)

TOKYO -- As the pandemic forces more companies to transact business online, hackers and other digital thieves are getting bolder, spurring Asia to embrace blockchain technology as a way to secure data.

According to The Business Research Company, the global blockchain market is expected to hit $15.88 billion in 2023 despite retreating 7.27% to $2.27 billion in 2020 -- potential annual growth of over 91%.

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