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The Israeli blockchain community expects more developments in the Blockchain field in 2019. Blockchain startups can multiply. Developers and academics rely on new and transformative uses of blockchain technologies.
Blockchain growth in Israel
Blockchain local startups in Israel are focused on FinTech, basic protocols / infrastructure and security sectors, according to data from the Israeli Blockchain Association website. Roman Gold, a founding member of the Israeli Blockchain Association, said in Forbes:
The Israeli blockchain industry is currently experiencing both a push and a transformation. On the one hand, we see unprecedented growth among blockchain startups, but on the other hand, many of them are missing ICOs in favor of equity financing. Today there are fewer startup founders coming out of morally dubious markets, like Forex, binary trading and gambling. Instead, other institutional actors are starting to enter the market. Thus, the market is going through a self purification.
The European investment bank Benson Oak, the Swiss fund VC Lakestar and South Korea Kakao Investment put all their money into Israeli startups focused on blockchain last year to help develop the sector. High-profile angel investors such as Naval Ravikant, founder of Ethereum Vitalik Buterin and Polychain Capital have also invested in some start-ups.
Blockchain Academy and Blockchain Incubator, run by Blockchain Israel and Microsoft, also launched their first Incubator Blockchain adventure. The incubator will offer workshops to help entrepreneurs and teams grow in the blockchain community.
Microsoft and Blockchain Israel have also announced that the second class of its blockchain education program, Blockchain Academy, for R & D leaders, CTOs and senior developers to master the tools to help startups begin to prosper, will start on January 28, 2019 Many in the Israeli blockchain association are optimistic about the development taking place in the blockchain space in 2019.
Death of ICO
Also this year private investments in the sector have increased with so many ICOs that they did not deliver last year. While 2016 and 2017 were about ICO offers and new startups using cryptography to raise funds. Many start-ups all over the world who used cryptographic technology and blockchain to raise money turned out to be frauds or could not offer what they promised. Liggett, who talks about blockchain developments, he says
The ICOs we saw in 2017 and 2018 have disappeared. They will not come back. This was a situation where you could say, "Hey, I could decide to open something, I'll give you a token." If I do not open, then too bad. "There is no recourse." You can not do that anymore.
What do you think, Israeli developers hope they become a reality? Share your opinions on ours chirping and Facebook pages.
Summary
Item name
Israeli developers have high hopes for Blockchain in 2019
Description
The Israeli blockchain community expects more development and major projects in 2019. And private investment is expected to continue to replace ICOs
Author
Feranmi Akeredolu
Publisher name
Coinpedia
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