Category Archives: Blockchain Adoption

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PayPal plant die “Super-App” und bleibt auf Kuschelkurs mit CBDCs

Der Zahlungsdienstleister PayPal hat seine Quartalszahlen präsentiert. Das Krypto-Geschäft läuft demnach gut und soll noch weiter ausgebaut werden. Doch der Fokus von PayPals Blockchain-Ambitionen bleibt ein anderer.
 
Source: BTC-ECHO

Der Beitrag PayPal plant die “Super-App” und bleibt auf Kuschelkurs mit CBDCs erschien zuerst auf BTC-ECHO.

Blockwall lanciert 50 Millionen-Euro-Blockchain-Fonds

Blockchain-Fonds Deutschland (Symbolbild)
Nachdem mit Blockwall Capital I bereits Pionierarbeit in Sachen Blockchain-Fonds geleistet wurde, geht der “BWC” nun in die zweite Auflage. Zwei Star-ups gehören bereits zum Portfolio des neuen Krypto-Fonds.
 
Source: BTC-ECHO

Der Beitrag Blockwall startet zweiten Blockchain-Fonds: Zwei Projekte werden bereits finanziert erschien zuerst auf BTC-ECHO.

Blockchain, Energie und Mobilität: Neue BerChain-Konferenz am 22. Juni

Symbolbild Blockchain, Energie und Mobilität
Am 23. Juni veranstaltet der Berliner Blockchain-Verband BerChain wieder eine hochkarätig besetzte Online-Konferenz. Diesmal stehen Anwendungen der Blockchain-Technologie für den Energie- und Mobilitätssektor im Mittelpunkt.
 
Source: BTC-ECHO

Der Beitrag Blockchain in Energie: BerChain-Konferenz am 22. Juni erschien zuerst auf BTC-ECHO.

McKinsey: Retail Banking Slow to Adopt Blockchain

McKinsey: Retail Banking Slow to Adopt Blockchain

A Bloomberg report has quoted management consultancy firm McKinsey & Company, who says that retail banks are slower to adopt blockchain technology thanks to restrictive regulations and conservative consumer environment on their side.

According to the article, retail banks were even characterized as “nervous and cautious” about the emerging technology, when compared to their investment banking counterparts, who had bigger risk appetites.

The authors of the report did see some silver linings, including the potential for retail banks to come up with big gains from blockchain integration across several applications such as KYC compliance, remittance, fraud prevention and risk assessments. Cost efficiencies stand out as the critical benefit of blockchain in streamlining retail bank expenses:

“Almost all of their attention, especially in developed markets, is on cost reduction. And where cost reduction is front and center they are prepared to look at petty much any opportunity.”

McKinsey has put an estimation of USD 4 billion in annual savings simply by adopting blockchain solutions to use in cross-border payments. New clients and their onboarding costs could save an additional USD 1 billion every year. One step further in fraud prevention and blockchain applications could rein in a hefty savings of up to USD 9 billion.

Even with all that, co-author Atakan Hilal says: “It’s rather difficult in retail banking to change consumer behavior.”

 

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Startup Founders Survey Finds Blockchain Skepticism, Experimentation

Startup Founders Survey Finds Blockchain Skepticism, Experimentation

A major venture capitalist (VC) firm has released its annual survey, revealing blockchain-skeptic sentiments among startup founders, despite a majority presently dabbling with cryptocurrency or blockchain.

Results

The annual State of Startups survey comes from First Round Capital who polled 529 founders with focus questions surrounding the fundraising landscape, “exit environment” and operational challenges. Fascinatingly, blockchain-related questions were put forth to the founders, which may come as little surprise given that “Bitcoin” has been the most popular search request within the “What is…?” category this year. Additionally, the term “blockchain” recently overtook “cryptocurrency” searches.

According to the results of the survey, 87% of respondents “are blockchain skeptics when it comes to their industry”. Contrary to this, when queried on how many members of their industry had been integrating cryptocurrency or blockchain technologies into their enterprises, 50% responded saying “A minority. It’s still experimental”, 38.2% said “No one. It’s not on my industry’s radar” and a mere 0.7% said, “Everyone, it’s revolutionized my industry”. Some 13% of respondents also believe that cryptocurrency of blockchain technology will be dominant technologies in the future for their industries.

A majority of respondents had recently completed Seed or Series A funding rounds, so when asked whether they think initial coin offerings (ICOs) are a “legitimate alternative to venture capital funding”, it comes as little surprise that a majority (44.3%) said “no”, with 28.6% modestly answering “I don’t know enough to say”, and the remaining 27.1% being distributed almost evenly between three other answers which all view that they are now or will be within or after five years.

Amid the skepticism is another interesting result, when asked if they personally owned cryptocurrency, 40.4% said yes.

Pieces of a puzzle

Results from small sample-sizes that don’t home in with more industry-specific questions are not the greatest way to gauge sentiments, though when compared against other results, a bigger picture begins to form.

For example, a recent study from marketing firm TGE found that CEOs, firms and consultants were relatively confident about the industry despite the waning ICO and crypto-markets, with a majority of the survey’s respondents sitting anywhere between neutral and very confident with regards to the ICO facet of the industry.

Another survey from IBM that examined the state of blockchain within the automotive industry found that a majority of respondents are expecting blockchain to be a disruptive force within the next three years, also finding that many of these companies were beginning to experiment with the tech.

Another report from Outlier Ventures on the State of Blockchain Q3 2018 found that institutional investments from VCs, hedge funds, and incubators are slowly but surely beginning to replace ICOs, which it claims displays the growing “professionalization” of the industry, which may prove to wash away much of the skepticism that the nascent sector receives.

 

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