Ethereum first choice for EU blockchain startups, says report

Ethereum is the blockchain of choice for the majority of European startups and corporations involved in the rapidly growing blockchain industry—yet the region is severely lagging behind the US in terms of funding, according to the latest report by LeadBlock Partners, a London and Paris based venture capital fund.

“Blockchain protocols now have three dominant players with Ethereum, Hyperledger, and Corda accounting for [around] 65% of the protocols used by enterprise blockchain start-ups,” the report noted. “These protocols are also favored by corporates which are increasingly bringing blockchain into production.”

Around 63% of EU blockchain startups use Ethereum, Hyperledger or Corda. (Image: LeadBlock Partners)

According to LeadBlock Partners’ data, 27% of EU enterprise blockchain startups and corporations that have decentralized solutions in the works are using Ethereum for their projects. In their turn, both Hyperledger and Corda attracted around 20% and 16% of developers each.

Almost one-third—28% of 200 startups surveyed by LeadBlock—are working in the financial services sector. Healthcare, energy and food/agriculture accounted for 11%, 10% and 7% of EU blockchain firms, respectively.

Nearly one-third of EU blockchain startups work in the field of financial services. (Image: LeadBlock Partners)

Untapped investment opportunities in EU

The researchers also highlighted a big gap between the amount of funds being invested in blockchain startups in the US and Europe. Their data showed that currently there is less than €100 million ($113 million) in assets managed by EU venture capital blockchain funds. In comparison, this figure exceeds $2 billion in the US.

Combined, 200 firms surveyed by LeadBlock need an additional €350 million ($395 million) of investments for the next 18 months. One of the reasons for such disparity is investors’ unfamiliarity with blockchain technologies, the report explained.

“The knowledge gap is also apparent as many investors do not differentiate between Blockchain from cryptocurrencies and its associated negative perceptions,” the researchers noted, adding that as investors continue to learn about blockchain, an increase in investments will follow.

According to LeadBlock, the EU startup ecosystem is mainly composed of early-stage startups at the pre-seed to series A stages. Of the start-ups surveyed, 60% are generating revenues; a third of them are generating revenues of €250,000 or more.

To take advantage of the opportunities that the blockchain industry currently presents, LeadBlock urged entrepreneurs, incubators, corporations and others “to embrace blockchain and launch projects.” Similarly, strategic and financial investors as well as entrepreneurs, corporates, governments and regulators should consider launching investment and education projects in this “uncrowded market,” the report concluded.

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Introducing IBM Blockchain Platform 2.5: Helping advance the new era of multi-party systems

By Andy Carelli, Director, Blockchain Platform – Offering Management and Market Development, IBM



New collaboration models are emerging out of necessity today and for better preparedness tomorrow. It’s evidenced in the way supply chains are changing to provide better visibility for the distribution of emergency supplies. We see the need for public and private information to be validated and shared between healthcare institutes and government authorities to support humanitarian efforts. These applied areas are examples of how innovation is being given a chance to prevail over traditional approaches. For blockchain enthusiasts, it’s an exciting opportunity to challenge the status quo and shift to multi-party systems.

In just the last few months, we have seen a number of new conventional and unconventional use cases that illustrate how organizations overcoming old and new challenges by leveraging an enterprise distributed ledger technology. These include IBM Rapid Supplier Connect, a solution that helps medical organizations quickly find alternative suppliers, to an FDA pilot to create a blockchain-based pharmaceutical supply chain. Blockchain initiatives are transforming supply chains, giving developers access to reliable, more trustworthy dataand identifying entirely new uses cases on their own.

New Era of Multi-Party Systems

We’re on the cusp a new era of multi-party systems. Multi-party networks, spanning across industries, are leveraging the clear advantages of real-time, trusted, tamper-proof data exchange. Businesses, industry experts, regulators, and people are leveraging new collaboration models to share and record data in a way that preserves both privacy and transparency, and ensures the validity of transactions. This technology is providing the basis for unprecedented levels of trust to support shared processes, and instilling confidence in a validated source of truth to support decision-making. Transparency under privacy controls forms the basis of a more effective business network.

At IBM, we are committed to delivering the most advanced and comprehensive tools, technologies, and infrastructure within our IBM Blockchain Platform to help advance powerful multi-party systems.

Introducing IBM Blockchain Platform 2.5

Today, we are excited to announce the release of IBM Blockchain Platform version 2.5, which improves on IBM Blockchain Platform version 2 in a number of ways. These include supporting the latest open source innovation with Hyperledger Fabric 2.0and delivers new integrations with Red Hat technologies. It boosts security, usability, flexibility, and development speedwith support for Hyperledger Fabric 2.0, Red Hat CodeReady Workspaces, Red Hat OpenShift 4.3, and Ansible Content Collections. This release delivers upon aspects of the advancements we highlighted at our digital IBM THINK conference in May.

Register for our weekly User Series webcast to see a live demonstration of some of these new features and get your questions answered by the experts!

About IBM Blockchain Platform

Begin or advance your efforts in enabling multi-party systems powered by the leading automation and governance platform for Hyperledger Fabric.

IBM Blockchian Platformis available as a managed service offering on IBM Cloud

and as a multicloud offering that can deployed in any environment – private, public or hybrid multicloud, or on-premises behind your firewall to meet data residency requirements.

Tourour offering and learn more onhow to get started with IBM Blockchain.

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    Eight New Organizations Join Hyperledger

    Hyperledger has announced that the eight new organizations from across the globe have joined the company and now the part of the company. The organizations include IOHK, DB Systel GmbH, IOVlabs, Atomyze by Tokentrust AG, Binarystar and Public Mint.

    The company allows the organizations to create concrete industry-focused platforms, hardware and applications to support seamless transactions over their platform by integrating open source and enterprise-grade ledger frameworks, tools and libraries.

    The company has offered a number of blockchain technology projects, including client libraries, utility libraries, small contract engines, graphical interfaces, sample applications and distributed ledger framework. All the company’s code is built under license from Apache.

    Executive Director of Company, Brian Behlendorf said, “While the dramatic developments over the last few months have created a new and unexpected set of challenges for all of us, the enterprise blockchain community has shown great solidarity and is now focused on new ways forward.”

    “As a technology, blockchain is and will play an important role of adding trust and transparency to the most essential of transactions and communications. It’s never been clearer that we are past the proof of concept stage for enterprise blockchain. As our line-up of new members underscore, the Hyperledger community is about putting blockchain to work in impactful ways around the world and across industries,” Brian Behlendorf further added.

    CTO at Atomyze by Tokentrust AG, Bertalan Vecsei said, “At Atomyze, we envision to facilitate the digitization and tokenization of commodities and enable them to be traded in a simple and secure way, as well as provide accessibility to illiquid markets.”

    “To make this a reality, we have strengthened key partnerships and are in development of a new and next-generation eco-system, with Hyperledger Fabric at its core. We are thrilled to be part of the Hyperledger community and look forward to the continued collaboration,” Bertalan Vicsei concluded.