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

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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.

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.