Risks of #blockchain Projects- Why So Many Blockchain Projects Fail?
▻https://hackernoon.com/risks-of-blockchain-projects-why-so-many-blockchain-projects-fail-569bbc
Photo by Icons8 team on UnsplashBlockchain technology has successfully raised the bar in the past couple of years and has managed to gain attention amongst all the major industries. The increasing rate of ICO funding can be taken as a sign of acceptance of technology worldwide. According to CoinSchedule, the total amount raised by ICOs in the year 2018 was $21,483,484,047 which is way more than the rise in 2017 amounting to an equal of $6,576,372,746.However, despite the high curve of new evolving projects coming into existence, the overall blockchain domain is in jeopardy. A report by the China Academy of Information and Communications Technology (CAICT) states that almost 92% of blockchain projects have failed. This raises a huge discomfort knowing that the revolutionary technology (...)
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