This is a good report describing the state of our industry. None of the data and conclusions surprised me.
As in any business, it always takes longer, has more problems, and cost more. My most common advice is: 1) Don't just jump in to be a "me too" 2) Learn all you can about the industry including its strengths, weakness, opportunities, and threats. (SWOT) 3) Identify others' mistakes and decide how you would do it differently. When is the most opportune time to do ... what you are working on. Trails and errors are very expensive and 60% of the time during the first five years of startups are crippling and fatal.
The report centers on 1) Bitcoin (Currency/Payments), 2) Blockchain (Non-currency). and 3) Hybrid (both)
Fair enough. Then DNotes is a Hybrid ... and a bit more. Have we confused you with DNotes Global, Inc, and the book yet? If you are don't worry, you are probably not alone. When things are done outside the box, it is harder to understand unless you follow us closely. If you read the book or at least read about the DNotes Story and the chapter summation of the book, you will get a much better idea.
We absolutely believe that the only Killer App potential is the digital currency. Why "POTENTIAL"? By itself, it is not enough to make it a Killer App. It takes years and an enormous amount investment, branding, good will, and infrastructure to gain mass acceptance for it to become a KILLER APP.
Well, meanwhile blockchain has been branded as a large offering of snake oils with blue sky potentials. However, at this time I can not use up each of my fingers to represent each use case that I would give my lunch money to invest. May be the bankers know a little more about the blockchain technology than I do. Remote, but possible.
http://dcebrief.com/?s=DNotes+Story
https://fourpillarsofbusinesssuccess.com/ “Splitting industry observers is a key question – Are we just short distance (1-2 years) away from witnessing the radical, transformative effects of blockchain technology? Or is five to 10 years a more realistic timeframe before blockchain technology fully matures and achieves wide adoption?”
“As of Q1 2016, total venture capital investment in bitcoin and blockchain startups now exceeds $1.1bn."
"Perhaps more importantly, Q1 saw a sharp reversal in the multi-quarter downward investment trend, with both total investment and average deal size rebounding in the early months of the new year.”State of Blockchain Q1 2016: Blockchain Funding Overtakes BitcoinGarrick Hileman (@garrickhileman) | Published on May 11, 2016 at 15:15 BST
CoinDesk’s Q1 2016 State of Blockchain report summarizes key trends, data and events from the first quarter of 2016.As blockchain hype begins to subside and entrepreneurs and organizations get down to the business of implementation and execution, a new debate has emerged over timing.
Splitting industry observers is a key question – Are we just short distance (1-2 years) away from witnessing the radical, transformative effects of blockchain technology? Or is five to 10 years a more realistic timeframe before blockchain technology fully matures and achieves wide adoption?
Nearly two-and-a-half years have now passed since Marc Andreessen penned a widely referencedNew York Times op-ed about how bitcoin reminded him of the Internet circa 1993. His forecast suggested that it would be only a few short years before the blockchain-equivalent of Web 1.0 world-beating companies like Cisco would emerge.
In contrast, a string of voices, ranging from author and consultant Chris Skinner to financial institutions such as Morgan Stanley, have suggested that blockchain maturity and adoption is likely to take much longer than Andreessen's forecast.
In other words (and to stay with the Internet analogy), the skeptics would say blockchain adoption is actually closer to 1970s-80s Internet time, when foundational protocols like TCP/IP were invented, rather early-1990s Internet time.
Who's correct in this debate remains to be seen, but the stakes are incredibly high for an industry with over $1bn in venture capital investment.
Amidst this backdrop, we review some key trends from the quarter that was:
Venture bounce back
As of Q1 2016, total venture capital investment in bitcoin and blockchain startups now exceeds $1.1bn.
Perhaps more importantly, Q1 saw a sharp reversal in the multi-quarter downward investment trend, with both total investment and average deal size rebounding in the early months of the new year. ..
the ongoing softening observed in overall venture investment. The strong investment interest that is being shown in blockchain tech is largely responsible for the industry bucking this trend.
Investors go blockchain
The major industry story for 2015 was the increasing focus on the underlying technology of the bitcoin currency, which is commonly referred to as blockchain or distributed ledger technology (DLT).
This trend carried over into the first quarter of 2016 with a further increase in the number of traditional institutions that announced some form of blockchain initiative
As we have noted, however, there is much confusion over the term "blockchain", and this confusion has led to frustration for both those new to the technology as well as amongst more fluent observers who will often see different terms used to express the same basic idea or principle.
Read More:
http://www.coindesk.com/state-of-blockchain-q1-2016/