Blockchain Startups Going Into 2018
In the nine years that bitcoin came to this world, it went from being a humble startup to a worldwide phenomenon that boasts as many as twelve thousand average transactions per hour. This translates to over 99,000 BTC or 1,492,424,505 USD per hour, with each transaction worth an average 6 BTC. When it comes to the world of cryptocurrencies, things progress at a dizzying pace. And speaking of cryptocurrencies, Bitcoin is hardly the only one. Here are a few blockchain startups, each with their own cryptocurrency, that you need to keep an eye on in 2018.
2017 has been huge for ICOs, short for Initial Coin Offerings. So far this year, startups have managed to raise a whopping $1.3 billion in funding from ICOs, which is more than triple the amount raised from mainstream VC funding over the same period.
Like IPOs, ICOs allow investors to become a part of the company, with the main difference being the use of cryptocurrencies like ether and bitcoin instead of cash.
ICOs represent one of the many disruptive facets of the blockchain, the decentralized public ledger that drives the infrastructure behind cryptocurrencies. In recent years, blockchain-based startups have continued to grow and mature, with most cutting through non-financial market segments.
Indeed, audit firm Deloitte foresees blockchain-based technologies overtaking cloud computing, IoT, and data analytics in investments. An IBM study even found that 90 percent of government organizations plan to incorporate blockchain-powered platforms within their countries by 2018.
As such, 2018 is undoubtedly going to be an eventful year for blockchain startups.
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Disclaimer: Drawn from one article of Jyoti Agrawal The information contained on this article is for general information purposes only. Every effort is made to keep the website up and running smoothly.