Survey: Finance Industry to Invest $1 Billion in Blockchain Technology in 2016
A recent survey by Greenwich Associates reports financial and technology markets will invest $1 billion in blockchain technology this year. The interviewees cited the vested interest the financial industry has in legacy systems as the main obstacle to blockchain investment. The survey indicates trends from the past two years are continuing in 2016. Venture capital backed investment in bitcoin and blockchain companies jumped from $3 million in 2011 to $474 million in 2015, CCN reported in March. The number of deals rose from two in 2011 to 75 in 2014 and 74 in 2015. Estimate Based On....
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