Blockchain Spending in America in 2018 Has Already Eclipsed All of Last Year
One of the largest tax advisory service firms in the world, KPMG, has prepared a report that goes to review the spending and expenditures of various businesses from around the world. The report goes to show a very large uptick with investors investing massive amounts in this arena from quarters Q1 and Q2 in 2018. The report also goes to show that the very same investors had shown more activity in companies that were more mature and consortia that new entrants within the same space such as those like start-ups.
The report goes to state that:
“Investor interest in blockchain was not limited to one jurisdiction. Good sized funding rounds were seen during the first half of the year, including $100 million+ rounds to R3 and Circle Internet Finance in the US and $77 million to Ledger in France. The US was particularly active on the blockchain front, with total investment in the first half of the year already exceeding the total seen in 2017.”
When it comes to the overall expenditure power in fintech spending, Asia takes the lead, and this is all outside that of blockchain. But to keep blockchain spending quite specific in investments and everything related to the same platform, the United States maintains the leading position.
According to CCN, “Bitmain, a juggernaut in ASIC mining rigs with strong roots in China, is making plans to expand into Washington state and Texas. Despite the seemingly drawn-out discussions involving cryocurrency regulation, especially at the SEC, the United States still has attractive regulations for businesses, both mature and startups.”
Also as reported by CCN, “Since the launch of the EOS mainnet, the project has run into issues involving centralizition and its guiding constitution. Much of the early funding mentioned in The Pulse of Fintech was raised before the mainnet launch, though EOS creator Block.one has raised additional funds since then.”
With the report showing the focus on the new field of regulation technology (regtech), finance interoperability, and supply chain management; blockchain technology should seemingly seem to stand out for new investment dollars for the very near foreseeable future.