Blockchain will Lead UK Fintech into Record-Breaking 2016 for Investment

107

Share with:


David Slater, Director of International trade and investment at London & Partners, wrote at CityAM in London last week that London’s fintech sector attracted almost a quarter of all investment into London tech businesses last year – and there are no signs of this slowing in 2016.

Investors have already shown a strong appetite for platforms like peer-to-peer lending and crowdfunding, but

in 2016 the focus will shift towards blockchain.

Last year was a breakthrough year for blockchain. In the space of 12 months, we saw the world’s leading banks put their weight behind the technology, Nasdaq announce plans to open a blockchain platform, and the Australian stock exchange come out publicly saying it is “seriously considering” replacing its current clearing and settlement system with blockchain technology.

The blockchain platform has huge potential to revolutionise the way we exchange goods and services. It is an enabling technology. Take the music industry. A number of high profile artists, including Imogen Heap, recently put forward a strong case for using blockchain to empower musicians, by allowing them to have greater control over contracts and the way users interact with data.

As more commercially viable uses for blockchain emerge, we will see considerably more investment in blockchain startups in 2016.

Slater adds that these conditions create a perfect storm for investors – opportunity and return – and 2016 will be another record-breaking year for investment into London’s tech sector.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Chronoform

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group