The Israeli Blockchain Association shows its third Israeli Blockchain Startup Map, which includes more than 200 startups working on Blockchain.
Roman Gold, Founding Partner of the Israeli Blockchain Association, reports:
"The Israeli Blockchain industry is currently experiencing both a boost and a transformation. On the one hand, we see unprecedented growth among Blockchain startups, but on the other hand, many of them are skipping ICOs in favor of equity financing. Today there are fewer startup founders coming out of morally questionable markets, such as Forex, binary trading, and gambling. Instead, more institutional players are starting to enter the market. Thus, the market is going through self-purification."
Most Israeli Blockchain startups work in the Fintech (57 companies) and Protocols/Core Infrastructure (37 companies) sectors. Significant growth is observed in the Security sector, today it has 23 startups. It is also worth mentioning that since the beginning of the year, 20 Blockchain startups have closed operations.
The Israeli association Blockchain expects that the number of Blockchain startups will double in 2019, the role of academic structures in startup companies will grow, as well as the radical growth of non-local Blockchain startups.
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