Bank Blockchain Budgets Increased by 67% in 2017

bank blockchain budgets increased by 67 in 2017

The use of blockchain technology in the financial industry has seemed to be increasing recently, and proof can be found in a recent report in a recent report by the US-based market intelligence company Greenwich Associates. Greenwich interviewed over 200 participants in the study over blockchain budgets, team sizes, use case exploration, key challenges and other issues to get its results. According to the report, companies in the financial services industry spent about $1.7 billion USD on blockchain in 2017, which is an increase of 67%. The number of companies that created…

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China’s IT Minister: 2017 was a great year for blockchain industries

chinas it minister 2017 was a great year for blockchain industries

2 days ago, Tong Xiaomin- chief engineer of the information center of the Ministry of industry and information, Yu Jianing- director of the industrial and Economic Research Institute, and Luo Zhiyong- the founder of the finance and Economics Institute, jointly prepared a document named as “White Paper of the 2018 China Blockchain Industry” In the document released on 20 May during the “Chain Unlimited” 2018 China Blockchain Industry Summit that was held in Beijing, the authorities exhaustively analyzed the evolution and current state of the Chinese blockchain industry. According to…

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