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Blockchain tipped to boost IT exports

Callaghan Innovation has released a report into the potential of blockchain and distributed ledgers sating they have the potential to drive significant innovation and technology exports and help ICT to become the second biggest contributor to gross domestic product by 2025.

According to the report, there is much unclaimed terrain in the blockchain space, including widespread use of security tokens, social bonds on the blockchain, mass digital identity adoption, and centrally banked digital currencies. and New Zealand could be a world leader in the space.

"We have a highly educated society with a rapidly growing ICT sector. Our reputation and ability to attract talent are second to none, and our government is agile and willing to engage," it says.

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