“Blockchain usage is particularly alluring for small businesses,” a European Sting article explains, noting opportunities for small-medium enterprises (SMEs). “It provides them with an affordable and efficient avenue to make and receive payments, access investment and savings products, and build a credit history. Enabling greater access to this technology can foster SME growth, which, in turn, enhances job creation and economic development.” That said, blockchain technology will penetrate a small business space that accounts for a significant market share. It’s not in just developed countries where these opportunities exist, but worldwide. “SMEs account for roughly 90% of all businesses. and 50% of all jobs worldwide,” the article explains further. “In emerging economies, SMEs in the formal sector contribute up to 40% of national income while creating 7 out of 10 jobs. Their role in economic growth is critical, as the World Bank estimates 600 million jobs need to be created by 2030 to absorb the growing global workforce.”