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IDACB WILL ANNOUNCE RESULTS OF MARKET RESEARCH IN BLOCK-TECHNOLOGIES, CRYPTOCURRENCIES AND DIGITAL ASSETS FOR 2017

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On January 27th, the World Blockchain and Cryptocurrency Summit will be held at World Trade Center in Moscow. This event is organized by International Decentralized Association of Cryptocurrency and Blockchain — IDACB.

According to IDACB, the market volume of blockchain technologies in 2017 was at least 411.5 million US dollars. The growth rate was significantly higher than previously forecasted. The total capitalization of global markets for blockchain technologies, cryptocurrencies and digital assets rose from $ 6 billion to $ 100 - $ 140 billion. The total amount of private investment in blockchain in 2017 was $ 4.5 billion. Venture capital has reached 107 million dollars. ICO (Initial Coin Offering) projects attracted more than $ 236 million.

According to the IDACB research, the banking sector provided the highest growth of the market of blockchain technologies in 2017. 70% of banks around the world involved in blockchain technology or conducted experiments with the introduction of the blockchain. In 2017, the number of users of blockchain wallets reached 15 million people (an increase of 5 million compared to 2016).

One of the results of the IDACB survey was the ratings. Key areas have been identified in which the blockchain is actively used: banks, payment systems, cybersecurity, education, counting of votes in elections. The top countries are determined by the number of financial transactions involving blockchain technologies: the USA, Canada, Panama, Estonia, Denmark, Japan, South Africa and the UAE. The rating of "crypto capitals" is also available. The top 10 includes New York, Kuala Lumpur, Singapore, Los Angeles, Dubai, Jakarta, Hong Kong, Sydney, and Delhi.

The full report on the results of 2017, a comparison of these results with the results of 2016, forecasts for 2018 – 2023 will be presented by IDACB at the World Blockchain and Cryptocurrency Summit in Moscow.

"The summit will discuss the most important problems of the growing crypto industry. It will be the first step of international significance in creating a new digital future. I am sure that participation in the WBC summit will provide an opportunity to get the most up-to-date information and analytics from the industry's top officials, "says German Klimenko, the adviser to the President of the Russian Federation on Internet Development, trustee of IDACB.

#WBCSummit will become a new platform for regular meetings of IDACB board members. It will be held 3 to 4 times a year. The cities for the next IDACB summits will be selected on a competitive basis. Summits will cover the legal and technical aspects of ICO, blockchain and crypto trading.

The International Decentralized Association of Cryptocurrency and Blockchain (IDACB) is a non-profit, decentralized organization with ambitious plans of international importance. Its activities are aimed at strengthening the cooperation of players in the crypto-currency market. The members of the Association are advisers of the first persons of the states on technologies, experts of the blockchain technologies market with a worldwide name. The goal of the IDACB is to promote the creation of legitimate, consistent and transparent market regulation norms. The association includes more than 30 international organizations from Europe, North America, the Middle East, Africa and Asia. Membership in the Association receives national associations of member countries, as well as representatives of the professional community.

Official link: http://www.wbcsummit.org/

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Saturday, 24 February 2018
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