Investments in this space are on the rise, especially in Europe, which has rapidly adopted the blockchain for enterprises, including financial services, healthcare, energy, food and agriculture, said David Cheng-Messemburg, co-founder and partner of LeadBlock Partners in London.
For example, Bloccelerate VC, a Seattle-based venture capital firm two years ago, closed its first $ 12 million fund in December to support blockchain startups in trade finance, financial services and supply chains, and has already invested in six companies.
Also in the industry's favor is the fact that major financial services firms, including PayPal, Visa, and JPMorgan, adopted cryptocurrency as a payment method last year, and more capital startups are emerging to develop more user friendly blockchain platforms.
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