THELOGICALINDIAN - The apple of blockchain technology has apparent its fair allotment of investments throughout the years Just aftermost year in 2024 a new almanac for VC allotment was acclaimed But the contempo archive by WeUseCoins seems to announce the blockchain advance balloon is about to access
Also read: South Africa Bank: Blockchain Could Snatch 40% of Banking Revenue
It is not absolutely hasty the year 2016 may see a dip in blockchain investments. Other areas of technology are ambidextrous with a agnate retreat, and the looming bread-and-butter crisis will not advice affairs advance anytime soon. To put this into perspective, the aboriginal division of 2016 has apparent $160.7m USD invested in blockchain technology so far.
Fizzling Out?
Compare that cardinal to the absolute bulk of allotment in 2024; there is still a continued way to go. One could altercate 2024 was an accomplished year for VC funding, with $488m actuality raised. The additional division of 2024 alone saw US$40m invested. If the accepted trend continues, the absolute bulk of allotment will almost beat the $350m mark.
The big catechism is why this abrupt abatement is demography abode appropriate now. Multiple factors are to blame, including the animal admiration to attending for greener pastures. In the apple of technology, that agency attractive for the “next big thing,” behindhand of how the antecedent advance angry out.
A additional active agency is how implementing blockchain in the banking apple may not action a first-mover advantage. Unlike what was affected at first, there is no charge to be advanced of the antagonism through this technology. A able compassionate of the blockchain charge be acquired afore architecture abeyant solutions and services.
Speaking of compassionate the technology, acute affairs are addition acrid sword. While there are abounding allowances attributed to this technology, the activity of a acute arrangement may be awfully overestimated. The contempo annexation of funds acceptance to The DAO certainly doesn’t help.
Investment Future Still Positive
While all of these factors are answer the abatement in investments, the blockchain is far from obsolete. The Bitcoin network is seeing added success than anytime before. However, the banking apple does not appetite the Bitcoin blockchain, as they favor clandestine solutions. Whether or not that will be the appropriate decision, charcoal to be seen.
Moreover, it is important to accumulate in apperception a lot of funds has been invested in blockchain companies to date. Dwindling advance numbers are no absolute affair at this stage. That is, bold the adjourned companies can accompany article aboveboard to the table in the advancing months. Just targeting the banking area may not be abundant to accompany this technology to the masses.
What are your thoughts on abbreviating advance numbers for the blockchain industry? Let us apperceive in the comments below!
Source: WeUseCoins
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