Blockchain Spending 2019: investment up 88%
Blockchain

Blockchain Spending 2019: investment up 88%

By Fabio Lugano - 2 Apr 2019

Chevron down

According to the data presented by Weiss rating, the spending of US companies in the blockchain sector is 88% more in these three months of 2019 than what was invested in 2018.

In fact, North American companies have invested $2.9 billion in these months compared to $1.5 billion in 2018, thus generating a significant increase, according to the data acquired by the International Data Corporation.

This increase in spending can also be very useful for private investors because, understanding where the money is going, one can also understand the sectors with the greatest potential for development and therefore economic return.

The report, after a quick description of what the blockchain is, dares to identify some ways through which it is possible to invest, including:

  • Mining, i.e. the verification of transactions, even indirectly, i.e. by participating in the Mining as a Service (MaaS) activities;
  • Investing in the payments industry, especially in companies that invest in blockchain payments;
  • Companies that provide consultancy and infrastructure blockchain.

To give an example of companies that have moved towards the blockchain recently we can talk about ConsenSys and the manufacturer of AMD chips that have decided to ally themselves to develop a common solution of implementation of the blockchain under the definition W3BCLOUD.

Fabio Lugano
Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.