| | NOVEMBER 17th, 2016
“The presence of those seeking the truth is infinitely to be preferred to the presence of those who think they've found it.” – Terry Pratchett
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Our Q3 State of Blockchain report is out, with snapshots of where the sector stands in terms of markets, participation, attention and regulation.
We discuss the gradual shift away from bitcoin towards other public blockchains, in terms of market cap and client base. And we take a look at funding trends: VC investment was up, and the data indicates a shift towards hybrid startups that incorporate both public and private blockchain technology.
The flurry of proof-of-concepts indicates the deepening of enterprise involvement, although with no discernible trends. Participation from banks and stock exchanges is on the rise, as is interest from central banks.
As a bonus, we include the results of our ethereum survey, which found that the majority of respondents were not swayed by The DAO hack and the subsequent hard fork controversy, even though one in three were negatively impacted in some way. (See our highlights here.)
Wait, there's more:
· On ethereum. We also release today the findings from our Ethereum Sentiment Spotlight Study, which showed that the majority plan to use the platform in the future. Surprisingly few of those affected by the DAO hack report a loss of confidence in ethereum, and most respondents have more confidence in its governance than in that of bitcoin. More surprises.
· Clean air. IBM’s China division and a regional textile firm are working on a project that will allow trading of a blockchain asset tied to carbon emissions. Could this help industries to fight climate change? Read more.
· Careful, now. The SEC has its work cut out for it as it attempts to form policy for an increasingly complex sector. The challenges are not limited to crafting regulation for blockchain exchanges, ICOs and bitcoin funds. They also include evaluating when and how the blockchain will be incorporated into the securities markets. Read more.
· Health and securities? An executive of the Australian Stock Exchange has expressed support for the use of blockchain technology in handling health records. Could this point to a future focus of the company? There’s no obvious fit, but the ASX has invested in blockchain businesses in the past. Read more.
· Regrets. Gavin Andresen has finally spoken out about the story that unfolded earlier this year, in which he publicly stated that he believed that Craig Wright was Satoshi Nakamoto, the mysterious founder of bitcoin. He wishes he’d never gotten involved. Read more.
· Move over, VCs. South Korea’s securities exchange has launched a blockchain-based market for shares in startups. This could trigger a whole new style of private company financing, and encourage similar development for other types of illiquid assets. Read more.
BTC: $744.45 +1.7%
ETH: $10.00 -1.7% at 10:00am EST more details
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