Report: USD Half-Billion in Blockchain Investments

Announcements, Blockchain, FinTech, Investing, Regulation | May 8, 2017 By:

A new report from ABI Research indicates that blockchain technology gained a half-billion dollars USD worldwide in venture capital last year, with a substantial investment in IoT (Internet of Things) projects.

ABI’s  “Blockchain Applications: Beyond Fintech to the IoT” touts blockchain use in communication, identification, ownership, and device management.

“These pre-programmed, self-executing, autonomous contracts can be used for numerous applications, including: digital identities, governance, asset tracking, and M2M transactions, among many others,” says Michela Menting, Research Director at ABI Research. “Through these evolving technologies, blockchain can affect and perhaps radically transform all kinds of interactions: from business and legal to social and political.”