The Israeli Blockchain Association has created its third startup map, an outline that covers more than 200 organizations operating in the industry. The majority of the blockchain Israeli startups are concentrated in the FinTech sectors (57 companies) and protocols and central infrastructure (37 companies). A large increase was also observed in the security sector, which now has 23 new companies.
Since the beginning of the year, 20 blockchain startups have stopped operating.
“The blockchain industry in Israel is currently experiencing momentum and transformation,” said Roman Gold, founding partner of the Israeli Blockchain Association. “On the one hand, we see an unprecedented growth among the blockchain startups. But on the other, we see that many of these organizations skip the ICO instance and prefer equity financing and morally questionable markets, such as Forex, binariy trading, or bets. “Instead, more institutional players are beginning to enter the market that is self-purifying.”
“Israel has a good opportunity to strengthen its Startup Nation brand, as well as to become the Blockchain Nation ,” said Gadi Isaev, managing partner of the Israeli Blockchain Association. “This is happening thanks to effective regulation and the close cooperation of many blockchain startups with educational and academic research organizations.”
With respect to the forecast for 2019, it is expected that the number of blockchain startups will double, the role of academic structures in startups will increase, and the radical growth of “non-native” blockchain startups in rounds A and B, that go through a blockchain-transformation.
This story was originally published in Spanish at Cripto247.
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