Frost & Sullivan and Outlier Ventures have evaluated the blockchain market and mapped 130 major blockchain startups into their key activity areas.
Investment in 2016 reached an all-time high of over $500 million, bringing total investment in blockchain technology startups to $1.5 billion.
“While the technology’s ecosystem is still in its early phases, 2016 saw a clear progression away from cryptocurrency towards generalized financial services and enterprise infrastructure. The technology is also making new inroads into vertical industries like energy, healthcare and the automotive sector,” said Vijay Michalik, digital transformation research Analyst at Frost & Sullivan.
