According to top venture capitalist firm Kleiner Perkins Caufield Byers (KPCB), blockchain technology could soon enjoy tremendous success. This well-established VC firm in the US has been funding technologies in the IT industry and in biotechnology since 1972.
So far, KPCB hasn’t made any investments in bitcoin or blockchain technology firms but it could do so with its KPCB Edge fund. This seed-stage investment component was introduced last month and has a budget of $4 million.
Blockchain Technology Potential
Blockchain is the public ledger of transactions associated with bitcoin. While some have raised the question of blockchain not existing without bitcoin, a number of banks and governments have already expressed interest in blockchain technology when it comes to their internal record keeping operations.
“I see the bitcoin blockchain as an implementation of blockchain technology – so I’m interested in both the generalizable stack, as well as any specific implementations that see developer adoption,” shared founding partner Anjney Midha who the firm’s youngest partner and a former Google policy fellow.
Midha mentioned that significant developer adoption could be the key in bringing blockchain technology to the mainstream. He added that it