Information Technology
Frost & Sullivan Identifies the 2017 Global Blockchain Startup Map
"We are still at the beginning of a long journey for blockchain startups. Investment in 2016 reached an all-time high of over $500 million , bringing total investment in blockchain technology startups to ," said Vijay Michalik , Digital Transformation Research Analyst at Frost & Sullivan. "While the technology's ecosystem is still in its early phases, 2016 saw a clear progression away from cryptocurrency towards generalized . The technology is also making new inroads into vertical industries like energy, healthcare and the automotive sector."
Lawrence Lundy , Head of Research & Partnerships at Outlier Ventures noted: "Blockchains and distributed ledger technologies have seen high levels of interest and exploration from corporates in 2016. As the hype calms down, the next year should see in specific value-add applications."
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Outlier Ventures is Europe's first dedicated blockchain venture builder. It services Outlier Capital LLP, Europe's first blockchain venture fund, developing, supporting and growing its joint ventures with entrepreneurs, academic institutions, start-ups and corporate venturing arms. For more information visit: https://outlierventures.io/
Anna Zanchi
Corporate Communications – Frost & Sullivan, Europe
P: +39.02.4851 6133
E: anna.zanchi@frost.com
http://ww2.frost.com
Photo - http://mma.prnewswire.com/media/482642/Frost_and_Sullivan_Global_Blockchain_Startup.jpg