TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Blockchain

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from ABI Research Media Releases

Blockchain

Global blockchain revenues on track to hit close to $10 billion, despite 2018 'Crypto Winter'

Via ABI Research Media Releases

Aug 28, 2019

Global revenues for blockchain technology are on track to hit almost US$10 billion by 2023, finds ABI Research, a global tech market advisory firm. These revenues continue to show strong interest in blockchain application, despite the significant decrease in Initial Coin Offerings (ICOs) in 2018. Investment continues to swell, buoyed primarily by an increase in VC funding, notably in blockchain infrastructure development.

VC funding is catching up to ICOs, with 620 rounds totaling US$3.1 billion in 2018, up from 153 rounds at US$850 million in 2017. “Tighter regulation (including securities) and taxation (as foreign currency, income, financial asset, etc.) on cryptocurrencies in a number of countries are prompting investors to look beyond ICOs towards more stable VC-based investment for blockchain startups focusing on support infrastructure, retail, supply chain, and enterprise applications,” explains Michela Menting, Blockchain & Digital Security Research Director at ABI Research.

Despite a strong growth outlook from a revenue perspective, the blockchain market beyond financial and insurance applications is struggling to lift off, due in large part to the lack of a middleware class of blockchain offerings, which can help tie-in Blockchain-as-a-Service (BaaS) with applications from startups. As such, this missing piece continues to provide obstacles for blockchain developers and therefore low revenue generation for blockchain companies. Moreover, BaaS offerings are very much focused on locking-in customers in-house (infrastructure, platform and software), with limited interoperability or platform agnostic offerings at the platform level to allow for hybrid scenarios.

However, ABI Research expects the middleware segment to emerge from 2021 onward, with several platform-agnostic solutions hitting the market, enabling development and interoperability at the platform and software level. “While the crypto-winter has dampened spirits somewhat despite successful completion of many pilots, the dip in enthusiasm is temporary and will serve to filter out the superficial and fraudulent offers from the market,” Menting concludes. 

Related Topics
  • 6G R&I,
  • ABI Research,
  • Announcement,
  • Blockchain,
  • Global,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

5G

ZTE, China Unicom, Beijing Jiaotong University enable spectrum sharing using blockchain

Dec 6, 2020

Sustainability

What’s up with… 5G’s green credentials, DT & Orange, CityFibre

Dec 2, 2020

6G R&I

ASTI Mobile Robotics and Telefónica reinforce their collaboration to market integral solutions for mobile robots in the connected industry

Nov 11, 2020

6G R&I

Blockchain solutions will continue to see robust investments: IDC

Sep 14, 2020

6G R&I

IBM Takes the Lead in ABI Research’s Industrial Blockchain-as-a-Service Competitive Assessment

Aug 13, 2020

This content extract was originally sourced from an external website (ABI Research Media Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

On-demand Workshop: How to build your cloud native 5G core platform

16:48

The case for mmWave in 5G networks

25:55

The Private Mobility Opportunity for Enterprises

12:04

VMware learnings from DISH 5G rollout

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices