2018 US Blockchain investment already more than 2017 – KPMG

Global VC (Venture Capital) investors put nearly $58bn into Blockchain start-ups and mergers and acquisitions in the first six months of 2018 in 875 deals – a total bigger than all of the equivalent activity in the sector for the whole 12 months of 2017.

This included a massive $26bn in Europe – with the UK leading the way, with $16bn worth of Blockchain investment in just January to the end of June.

The details come from a just-published special report into the state of the Blockchain market from respected ‘Big Four’ auditors KPMG.

Its audit – The Pulse of Blochain 2018 – also details that the rise in interest centres on more use cases coming forward for the technology, driven by its perceived applicability in the financial services sector:

”Blockchain has the potential to transform banking, and if banking systems were to be rewritten today they would be based on [it].”

A change factor here is the belief of many financial sector CEOs that Blockchain is their best way of dealing with new regulations, including PSD2 and GDPR, states the research.

However, it immediately adds that the technology has wide potential for the “business processes” of both US and global organisations.