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Dec 11, 2019

Selling Blockchain To Enterprises

Posted by in categories: bitcoin, internet

The blockchain technology that appeared in 2008 with the introduction of Bitcoin is developing approximately five times as quickly as the Internet did. It even went through its boom and bust periods more rapidly than the dotcom mania did.

Today, the ICO hype is over, and, just like with the dotcom bubble, we have seen many companies fail. Many hope to see revolutionary Google-like and Amazon-like blockchain-based solutions appear from the surviving startups. Some of the venture capitalists who have influenced the Internet boom, such as Marc Andreessen from Andreessen Horowitz and Timothy Draper from Draper Associates, share this hope for the blockchain industry.

Enterprise software is estimated to be a $457 billion market in 2019, and blockchain solutions will eat part of it. Given the blockchain market fatigue that we are noticing, where do we stand with the significant “technological revolution” that the true blockchain enthusiasts have promised?

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