**Blockchain Adoption Expands in APAC, Eyes SMEs**

Blockchain technology is making waves in the Asia-Pacific (APAC) region, with bigger institutions leading the charge. Andrew Vranjes, VP at Blockdaemon, predicts that small and medium-sized enterprises (SMEs) will soon join the blockchain bandwagon.

- Vranjes highlights that as blockchain solutions mature, they will become more accessible to SMEs, crucial players in the APAC supply chain.

- The APAC region, particularly Singapore and Japan, is proactive in blockchain regulation and innovation.

- Singapore tops crypto adoption rankings, thanks to supportive policies and infrastructure.

- Japan aims to boost its Web3 industry with favorable tax reforms.

However, Vranjes notes that tax regulations and lack of uniform rules across countries pose challenges for broader blockchain adoption.