Blockchain | June 15, 2018
Cryptocurrency saw an unparalleled explosion in 2017 with total market capitalization of all cryptocurrencies reaching $604 billion, however the recent fall in their market cap has been equally dramatic.
But the uptick is much steadier for blockchain — the digital technology that underlies cryptocurrencies as well as other record-keeping applications. In particular, enterprise blockchain may be ready for its breakout. The three disruptive benefits of blockchain: disintermediation of trust, immutability of record and smart contracts, could be beneficially implemented in multiple areas as far as enterprise use cases are concerned.
According to Gartner, “The business value-add of blockchain will grow to slightly more than $176 billion by 2025, and then it will exceed $3.1 trillion by 2030.” Even if the blockchains didn’t become real for a lot of enterprises in 2017, they did become tangible in terms of technology and a number of startups are now solving enterprise use cases using blockchain. Kognetics currently tracks 400+ companies which are using blockchain technology to solve enterprise use cases.
The optimism behind the applicability of blockchain for enterprise is clearly translating into increased funding momentum for young stratups targeting that area.”
Note: Kognetics segments the Blockchain space into Decentralized Platforms, Developer Tools & Services, Cryptocurrency, and Applications for Enterprise and Consumers segments
We asked our platform Kognetics to predict top segments in “Enterprise Blockchain” that are most likely to see funding activity in near term and below its answer. It also pointed out the growing companies in each one of these segments.
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