The sum value of Venture Capital investment in blockchain and Bitcoin startups reached $290 million in a initial half of 2016, according to Juniper Research – a UK-based fintech consultancy with before knowledge in covering a cryptocurrency field.
The new investigate news – The Future of Blockchain: Bitcoin, Remittance, ID Verification Smart Contracts 2016-2021 – shows that while over 30 ventures raised VC funding in that period, some-more than a third of all investment went to just 3 companies: Circle, Blockstream, Digital Asset holdings.
The authors highlighted a augmenting diversification of blockchain deployments, with applications trimming from temperament to item management. It pinpointed a banking zone as being quite proactive, with several banks carrying already adopted a Ripple custom and others piloting competing solutions.
The investigate claimed that in areas such as transaction settlement, a introduction of a blockchain-based complement would almost revoke both a risk of blunder and a time taken for blunder checking. Furthermore, it argued that in cross-border remittance, a record could concede new entrants to offer services during significantly reduce costs to consumers.
However, a investigate cautioned that if intelligent contracts use blockchain technology, afterwards their contents, including, potentially, bugs or flaws, are manifest to all the