Blockchain Investments Fall by 63% Due to Covid-19
Main page News, Blockchain, Coronavirus

According to the latest report published by financial services giant KPMG, investments in blockchain during the coronavirus pandemic have fallen dramatically by 63%.

However, the same report predicts the sector will be one of the industries that will probably receive the greatest amount of investment over the next 12 months.

The report, titled Enterprise Reboot, was jointly prepared by KPMG International and HFS Research. It includes data from a survey of 900 executives of companies on the Forbes Global 2000, which includes the largest publicly traded companies with annual revenues above $1B.

According to the data, the blockchain sector, along with the AI, the cloud, the 5G and the process automation technologies industries will receive most investments after the covid-19 pandemic.

Most companies around the world have been forced to reduce their investments in their projects in order to survive the severe consequences of the coronavirus pandemic. As a result, investment in emerging sectors such as blockchain is no longer a priority, at least now. However, they plan to resume their investments once the pandemic is under control.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error