Blockchain, the public ledger for online transactions, is expected to gain some momentum next year driven by startups, collaboration among the stakeholders, and government-led initiatives. The trend will shift from experimentation to actual use cases, at least to some extent.
Accordikchain projects in India across different industries. While venture capital investments in blockchain startups have reached $5.6 billion globally, India has so far been ang to a Nasscom Blockchain Report 2019, startups are involved in over 50% of the blocble to attract only a small fraction (0.2%) of those investments, the report said. But the trend is picking up.
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Draconis Capital Future Fund (DCFF) is investing $100 million in the next one year in startups related to blockchain and other emerging areas. Recently, DCFF has invested ₹3.5 million in Aayaan Smart Systems, a blockchain-based B2B property management solution provider that is expected to roll out its product by March 2020.
Source: livemint
