About us
Introduction
Functions
Team
Table of contents
Contributors
Google’s parent company Alphabet has revealed that it invested $1.5 billion in the blockchain sector between September, 2021, and June, 2022, according to Cointelegraph. As revealed by Blockdata, through a blog post, Alphabet was revealed as the investor with high capital backing, in comparison to the top 40 public companies which invested in blockchain and cryptocurrency companies during the period.
Google invest in Blockchain | Image Source: Internet
As stated by Cointelegraph, Alphabet’s blockchain oriented investment concerned four blockchain companies including digital asset custody platform Fireblocks, Web3.0 gaming company Dapper Labs, Bitcoin infrastructure tool Voltage and venture capital company Digital Currency Group. These developments have been revealed in comparison to last year when Google invested $601.4 million funding effort across 17 blockchain based companies, which included Dapper Labs, Alchemy, Blockchain.com, Celo, Helium and Ripple. Increasing investment of Google has been considered consistent with top 40 publicly traded companies, with six billion dollars being invested during the time compared to $1.9 billion between January, 2021, to September, 2021, and $506 million in whole of 2020.
Total investment value up to $1.5 billion | Imgae Source: Internet
On the basis of information from Cointelegraph, other corporate investors such as asset management company BlackRock invested $1.17 billion, investment banking corporation Morgan Stanley invested $1.11 billion, and electronics company Samsung, with investments adding up to $979.2 million. While Morgan Stanley and BlackRock invested in two or three companies, Samsung invested in 13 different companies during that period. Rest of the investments were split between companies that provide Blockchain-as-a-Service (BaaS), infrastructure, smart contract platforms, scaling solutions and digital asset custody platforms. Analysis of data also found that banks have started to increase their exposure to cryptocurrency and blockchain companies, backed by an increase in client demand for cryptocurrency services. Banks which have been included in the list of cryptocurrency investors include United Overseas Bank, Commonwealth Bank of Australia and BNY Mellon.
Latest posts
Blockchain Knowledge Base
We share common trends, strategies ideas, opinions about Blockchain Technology
Top 5 Blockchain Application Projects in the Healthcare Industry
The application of blockchain in the medical industry has attracted the attention of many people in recent years. It has been used to solve many problems in the medical field, from managing medical data to enhancing patient security and privacy.
Top 4 Blockchain Application Projects in the Hotel Industry
Currently, blockchain is being viewed as an advanced technology that has the potential to improve many areas, including the hotel industry. Some of the applications of blockchain in the hotel industry are as follows: reservation management, customer records management, data management, and expense management. Several blockchain application projects have been implemented in the hotel industry
Top 5 Blockchain Projects Applied in Banking and Finance Industry
Blockchain is a technology that is considered to have great potential to improve safety, transparency, and efficiency in the banking and financial industry. More and more businesses are investing in the development of projects and applications in this field. Some prominent blockchain projects in the banking and finance industry are Ripple (XRP), Stellar (XLM), Corda, and Hyperledger Fabric.