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Research: Investments in Blockchain Increased Significantly in the USA

2018-08-02 13:42:34

#Blockchain #Investment #Research #Technology
Research: Investments in Blockchain Increased Significantly in the USA

In accordance with the Pulse of Fintech report by the Dutch audit giant KPMG, investments in American blockchain companies for the last six months of 2018 exceeded the previous year twice. The research says that $110 million were invested by the R3 consortium into the Circle startup. Last year R3 itself raised $107 million of venture investments.

KPMG noted that blockchain investment boom was triggered by broad-scale implementation on the basis of distributed registry in the financial sector. The research also showed that the USA have the upper hand in blockchain investments. In general, KPMG concluded that development of blockchain will gain momentum together with regtech and insurtech.

At the same time the research by Forrester states that 90% of the American blockchain experiments will cease to exist in the nearest future. The report says that some companies had to review their vision and refuse from the plans on implementation of blockchain. The experts used Nasdaq Inc. as an example. The exchange planned to implement the DLT-technology for voting on shareholder meetings, but did not implement the idea.

Forrester Research considers 2018 as the year of requital for blockchain initiatives.

“We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.”

Meanwhile the price of Bitcoin makes $7,509.

 

 

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