More than 50% of Fortune 100 companies are developers of blockchain initiatives
In the previous three years, market-leading companies focused heavily on cryptocurrencies
Since 2020, over 50% of Fortune 100 companies have actively engaged in the development of projects and initiatives involving blockchain technologies and cryptocurrencies. Currently, approximately 70% of these projects have already been launched.
The authors of a report suggest that companies are driven by the need to update the century-old global financial system, with blockchain being seen as a potentially fundamental solution. Furthermore, the fear of falling behind competitors serves as an additional motivation for innovation and investment in new technologies.
Moreover, a study reveals that the United States faces the risk of losing its leadership position in the crypto technology field due to uncertainties surrounding regulatory laws. The authors express concern that if the current enforcement approach continues, the US could experience a loss of one million web developer jobs and three million related jobs by 2030.
CEOs of Fortune 500 companies highlight that the average annual budget allocated for projects in the field of Web3, or “the Internet of the future,” is estimated to reach $5.8 million.
Additionally, experts estimate that the total investment in blockchain startups has surpassed $8 billion since 2017.
