The blockchain industry market size was estimated by some to reach more than $21 billion by 2025. The market capitalization of the cryptocurrency market as a whole already reaches over $1.9 trillion. An ecosystem that was once defined by its tight-knit community and exclusivity now reaches governments, businesses, institutional investors and individuals who are all becoming more positive about the evolving space.
With this new popularity, a crossroads has emerged. We have reached the stage of adoption where the amount of users utilizing decentralized technology has exceeded the functionality of the technology itself. This has resulted in regularly congested networks and a demand for solutions.
Ahmed Al-Balaghi is the CEO and co-founder of Biconomy. Before that, Ahmed worked for Jabbar Internet Group, a Dubai-based venture capital firm. He also founded Encrypted, the largest podcast in MENA dedicated to fintech, blockchain and crypto assets. Prior to that, Ahmed spent time as a blockchain researcher in Shanghai, China. He has also worked for institutions such as Citibank, Dow Jones and Ofgem.
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