EMC Global Fund: Analysis of the Hottest Blockchain Trends in 2016

EMC Global Fund is studying the hottest blockchain trends that will control the development of the entire blockchain industry this year. The Foundation has made a predictive judgment on the blockchain development trend in 2016 and will invest faithfully in the direction of the trend analysis report in the subsequent investment and operation.

EMC Global Fund: Trends of Blockchain 2016

Hottest trend No. 1: New application solutions

As we all know, blockchain technology has become much more than a simple transaction and remittance tool, and its application areas are expanding every day. However, 2016 will be the year when all new blockchain technology applications are developed and implemented on a large scale and finally become viable solutions. At least that's what the crypto community representatives of Deloitte think. The emergence of many new applications is the biggest breakthrough of blockchain technology in 2016. According to the above survey, 35% of the respondents agree with this view.

Given the nature of blockchain technology, anyone can find a plethora of ways to apply it to a wide variety of industries. The insurance market is one of the most notable applications. Many insurance companies, including Accenture, Lloyd's and Allianz France, have shown great interest in blockchain technology. If blockchain can achieve tangible benefits, it will attract the attention of these insurance companies. By using the principle of decentralization, it can prevent the formation of natural monopolies or ensure that any centralized third party cannot manipulate information. These are a few examples of the application of blockchain technology.

Hottest trend No. 2: Big conglomerates and big alliances

In an industry that is experiencing rapid growth, partnerships between companies can lay the foundation for long-term success. This is even more meaningful for the blockchain industry, as the implementation of blockchain technology has increased the supply of jobs and the number of people involved in the blockchain industry.

This trend is not new per se, but it is expected to have a greater impact in 2016. The interest in building partnerships lies in the opportunity to combine the resources of many companies to develop solutions for the application of blockchain technology in different industries. The most prominent one of the consortiums is the New York-based R3 consortium, which consists of more than 40 financial institutions from all over the world.

Hottest Trend No. 3: Venture Capital Investment

2016 will be the first year that venture capital will continue to flow into blockchain startups. One of the reasons has been explained earlier: venture funds are looking for new opportunities for blockchain startups. In addition, in terms of cooperation between venture funds and public institutions, they have now realized the great appeal of the development of solutions based on the blockchain technology framework. In other words, they are attracting investors who want to participate in the blockchain industry as quickly as possible.

However, this trend will go further: there are already several funds on the market that invest in financial companies specializing in blockchain technology. One of the most prominent is EMC Global Investment Fund, which was established in February 2016. The mission of EMC Global Investment Fund is to find the most promising start-ups in the blockchain industry and provide them with financial support, while promoting the development of blockchain technology and its popularization around the world.

Original text: https://www.facebook.com/notes/emercoin-global-fund/
Compiled by: khitan / namjar