The promise that hides in Distributed Ledger Technology (DLT) has raised an unprecedented wave of innovation over the last couple of years. After the burst of the crypto bubble in early 2018, the Blockchain ecosystem has significantly matured from its initial hype, and white-papers based on good ideas are no longer enough to raise the necessary capital for startups to develop from idea to market.
Startups are now required to demonstrate a clear path to revenues to gain the interest of investors.
This lays out perfect conditions and timing to open a DLT-specialized startup accelerator, to bridge the gap between the greatly needed wave of innovation on one hand, and the more demanding VC investors on the other hand.
For a better understanding of the enormous potential offered by blockchain, some key facts, by the numbers, are listed below.
- 2008 — The year blockchain was invented
- $708 million — Blockchain’s market value as of 2017
- $60 billion — The projected market value of blockchain by 2020
- 90% — The percentage of North American and European banks that are currently experimenting with blockchain
- $200 million — The amount that IBM has invested in blockchain-powered Internet of Things (IoT)
- $8-12 billion — The estimated amount banks can save annually if they utilize blockchain technology
- 5 — The number of years it will take for blockchain to reach its full potential, according to McKinsey research
- 24 million — The number of global blockchain wallet users
- 163 gigabytes — The size of the bitcoin blockchain
- 16.95 million — The number of bitcoins currently in worldwide circulation
- 3 — How much the number of blockchain-related jobs on LinkedIn multiplied by between 2017 and 2018
- $2.1 billion — The amount that has been spent globally on blockchain solutions in 2018
- 2,191 — The number of blockchain startups listed on AngelList as of 2018
- 268,412 — The average number of bitcoin transactions per day