Blockchain Set For Breakthrough In 2024, Says EY Executive

According to Odaily, Paul Brody, the Global Blockchain Leader at EY, has expressed that 2024 is poised to be a breakthrough year for blockchain technology. The transition towards regulatory approval, public blockchains, and legitimate digital assets, which was initially gradual, is now accelerating rapidly. In terms of regulation, the United States is expected to significantly speed up its processes and may potentially surpass other regions globally in embracing and expanding digital assets. Brody emphasized that 2024 is an extraordinary year for blockchain. While the direction has not changed, the pace of progress has increased. Looking ahead to 2025, the industry is anticipated to experience a revolutionary acceleration and a brighter outlook. This shift marks a pivotal moment for blockchain, as it moves towards broader acceptance and integration into the global financial system.