Corporate adoption of blockchain technology has reached a “tipping point” that will see spending grow dramatically the next four years, reaching $15.9 billion by 2023, according to a report released on August 8 by the well-respected research firm IDC.
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VC investments fall sharply, but blockchain usage rises
CB Insights predicted start-up funding will drop 60%, but IDC said spending on blockchain implementation will double
A new report from CB Insights said investments in blockchain technology start-ups have tanked so far in 2019, and could end the year 60% lower than 2018. But the interest in the technology in the corporate world appears to be booming, with Fortune 500 companies investing more time and effort in bringing blockchain projects to fruition.
