Investment into blockchain startup has already declined this year by 60 percent down to $1.6 billion, according to a CB Insights report. At the same time, money coming from corporations spent on blockchain technologies is on an even sharper decline.
Just as everyone was getting really excited about its potential, it appears blockchain is dead. Or is it? Interestingly, the world’s biggest tech leaders - Samsung, Microsoft, IBM - who were also blockchain’s biggest adversaries in the beginning, seem to have taken to the newfangled technology of late. Understanding blockchain and its potential application took a while for them, admittedly, but it appears the big guys are now on board. They have either created their own blockchain, or joined partnerships to use the technology, and HSBC and JPMorgan have similarly developed their own blockchain technology. What is the story? Why are the original perpetrators no longer convinced, but latecomers to the game are?
Crypto enthusiasts have lost faith in blockchain, the record-keeping technology behind bitcoin, believing it to be a thing of the past. At the recent Consensus Invest conference in New York, where crypto lovers gathered to discuss the latest in digital assets market trends, it was acknowledged as such. So ...
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