The market value of publicly traded blockchain companies—once poised for sky high growth—plummeted 56 percent in 2018, right around the same time that cryptocurrencies took their well-documented hit. As these companies slowly recover in 2019, many are trying to understand what the future holds for the fledgling industry. Does the underlying technology and its many applications have true staying power or is blockchain simply a fad that will eventually fade away?
To answer this question, the Boston Consulting Group partnered with Quid on a new report, Decoding the Slowdown in Blockchain Startups, which examines the reasons for the 2018 drop in blockchain investment, startup acquisition, value, and overall entrepreneurial enthusiasm. The team analyzed 5 different datasets, including company descriptions, news, patents, academic literature, and job posts to get full visibility on the industry in the lead up to the decline.
Venture beyond the 2018 cryptocurrency crash with a deeper understanding of the ongoing barriers to blockchain’s success and what business cases hold future promise. Read the full BCG report here.