NEWS
New report reinforces high APAC demand for data center development
New research reinforces demand for data center development in APAC countries remains high , with major hubs such as Singapore and Hong Kong continuing to draw interest from hyperscale companies .
But the 3Q 2023 Data center Market Recap from datacenterHawk shows supply backlogs caused by challenges with manufacturing outside of the region are limiting the region ’ s ability to deliver on new capacity .
Additionally , the recap reports high absorption is leading hyperscale companies to develop large campuses on their own .
Despite limited supply , datacenterHawk expects that future opportunities will alleviate some of the region ’ s pipeline constraints .
Overall , the recap reports 1.4 GW of absorption and continued growth across global data center markets and power supply challenges worldwide . Major Asian-Pacific ( APAC ), Europe , Latin America ( LATAM ), and North America markets experienced significant growth and absorption in 3Q , following datacenterHawk ’ s 2Q 2023 report of 1.7 GW for the first half of 2023 .
Leveraging its proprietary standardized method , the datacenterHawk team provides real-time data to monitor trends and pricing across more than 35 markets in APAC , Europe , LATAM and North America . datacenterHawk ’ s most updated data and analysis are available in its 3Q summary .
“ The global data center industry is experiencing strong growth throughout 2023 , with increasing demand and the rise of AI requirements leading the development of new submarkets and opportunities in established and emerging regions ,” said David Liggitt , Founder and CEO , datacenterHawk . “ We aim to help make sense of how these markets can best overcome challenges and where that might lead to future opportunities in a period of tremendous growth for the industry .”
Zetrix launches supply chain financing project with Bank of China and Dixchain
Public Blockchain network Zetrix has confirmed the start of a pilot project offering supply chain financing products in conjunction with Chinese banks for international importers and exporters .
Beginning with the Bank of China as the first financial institution to be onboarded , the endto-end solution offers a soft landing for trading firms with fully digital onboarding , including registration of a Chinese legal entity , bank account opening and credit assessments .
China is a world leader in Blockchain adoption , and the government is actively supporting the development of the Blockchain industry .
Zetrix hosts the international supernode of China ’ s national Blockchain Xinghuo BIF and is focused on enabling global trade through its connection .
Zetrix ’ s commitment to localisation is further strengthened by its partnership with Dixchain , a national level high-tech enterprise in China that integrates financial technology and financial services , focusing on providing comprehensive digital solutions for global cross-border trade and finance .
“ This is a game changer . By tracking and verifying the transactions onchain , banks will be able to reduce their risks , enhance their ESG ratings and , in turn , reduce the overall cost of financing for end-users .
“ Trading companies can also leverage on the interest rate differentials their respective countries , as well as widen their financing options ,” said Zetrix founder TS Wong .
The pilot is pitched as providing more efficient and convenient cross-border financial services for trading enterprises , introducing lower cost overseas RMB funds , helping enterprises obtain lower cost financing and increasing cross-border trade transaction volume .
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