Topic: [2016-06-26] cryptocoinsnews-Survey: Finance Industry to Invest $1 Billion in... (Read 264 times)

Kprawn

legendary

Activity: 1904

Merit: 1074

Yea, they will invest $1 billion to re-invent the wheel.... Bitcoin will always be the first use case for this technology and these other private permissioned ledgers that are in development will always be a

copy of the old legacy systems they have in place now. The leaders in this field, will run with Bitcoin and have working solutions on the table by the time the rest of them have finalized their systems. We

already have a tested system in place now.... no need to spend $1 billion to re-invent the wheel. Roll Eyes

wintermeasures

sr. member

Activity: 322

Merit: 250

Survey: Finance Industry to Invest $1 Billion in Blockchain Technology in 2016

A recent survey by Greenwich Associates reports financial and technology markets will invest $1 billion in blockchain technology this year.

The interviewees cited the vested interest the financial industry has in legacy systems as the main obstacle to blockchain investment.

The survey indicates trends from the past two years are continuing in 2016. Venture capital backed investment in bitcoin and blockchain companies jumped from $3 million in 2011 to $474 million in 2015, CCN reported in March. The number of deals rose from two in 2011 to 75 in 2014 and 74 in 2015.

READ MORE >>> https://www.cryptocoinsnews.com/financial-and-technology-sectors-to-invest-1-billion-in-blockchain-technology-in-2016/

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