Statistics released by KPMG reveal that the amount spent on blockchain investment in the United States of America this year has already surpassed the whole of last years spending, signaling a phenomenal leap in the use of blockchain investment in America.
Investors Not Interested In Startups
One of the largest and biggest tax advisory firms in the world, KPMG, often reports on the macro-spending of organizations, bodies, and countries. The firm looked at the spending of the United States, particularly in the area of blockchain and realized that the spending is at an unprecedented rate; with Q1 and Q2 spending alone, dwarfing 2017 totals.
The firm stressed that most of the spendings were directed by established companies, rather than startups. This shows more confidence in R&D spending from large-scale enterprises interested in the new technology, rather than upcoming projects—which may have had investment directed into the form of ICOs, not counted in KPMG’s study.
As the report stated:
“Investors interest in blockchain was not limited to one jurisdiction. Good sized funding rounds were seen during the first half of the year, including $100 million +rounds to R3 and circle internet finance in the US and $77 million to Ledger in France. The US was particularly active on the blockchain front with total investment in the first half of the year already exceeding the total seen in 2017,” the report stated.
The United States is still a dominant market in blockchain investment; though crypto-hungry countries like Korea and Japan have shown a tremendous interest in these type of projects.
But with Initial Coin Offerings causing hiccups and regulatory worry for investors due to fraud and scam activities, investment in strong U.S. based companies seems strong.
What To Expect For The Rest Of 2018
Having witnessed a vast increase in its spending on blockchain technology, the United States may have to look inward, towards easing its hardline policies on the regulation of cryptocurrencies.
Though its good to be sure of its safety, friendlier investment policies could give the entire industry a further boom beyond what’s already been invested in the first half of 2018.