Research: Blockchain sector in Europe faces funding problems
The Blockchain technology has demonstrated its potential and thus attracted the attention of many investors in various countries. However, it still faces some difficulties and a research by Leadblock Partners confirms it. The Leadblock report presents a survey of 200 new Blockchain companies that made known their needs and aspirations about the Blockchain technology. Blockchain Technology Development in Europe Accelerating the growth of the Blockchain In this regard, Leadblock specifies that Europeans need to be funded for EUR 350 million, which translates into about USD 395 million, over the next 18 months. Therefore, what the Leadblock research emphasizes is that although there are good ideas, they lack the necessary capital. In other words, the Blockchain technology sector faces financing problems, which hinders its growth. In addition, the research found…