How Blockchain Technology Is Beating Many Startups At Their Own Game

The decentralized nature of the blockchain allows for better security and access control, making it ideal for business applications. But many startups are yet to see the impact of this innovation.

A recent study by CB Insights found that blockchain startups raised $7 billion in 2016, but they still only account for 1% of all venture capital deals today. This lack of adoption means that companies are missing out on opportunities to leverage blockchain technology.

The potential of blockchain to disrupt industries like finance, healthcare, and government is undeniable. The same goes for other emerging technologies like artificial intelligence (AI) and machine learning (ML), which have also been hailed as the next big thing in the tech sector over the past few years, but did not break through in the adoption rate on a large scale.

But while these are exciting new technologies that we hope to see more widely adopted in our daily lives, blockchain has had a major impact on the way we live our lives today.