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Laxman Pai, Opalesque Asia:

VC investments totaling $14.8 billion were made in the blockchain sector in 2021, as companies continue to focus on IT solutions built on the technology said Global data Meanwhile, private equity investments in blockchain and cryptocurrency are in decline during second quarter of 2022, according to S&P Global Market Intelligence data.

Venture capital (VC) investments in the blockchain sector increased from $2.1 billion in 2020 to an impressive $14.8 billion in 2021, said a study.

According to the GlobalData report, both companies and investors are eager to develop IT solutions built on blockchain technology despite the lack of regulatory framework.

North America led in VC investments in 2021, with $6.8 billion; followed by Latin America, with $3.4 billion; Europe, with $3 billion; Asia-Pacific, with $1.6 billion; and the Middle East, with $0.44 billion, said a report.

GlobalData's latest report, 'Innovation in Blockchain Payments, reveals that the blockchain software and services market was valued at $4 billion in 2020 and is forecast to reach a whopping $199 billion by 2030. Growth will be driven by the integration of blockchain within core technologies such as remittance infrastructures, real estate, and the overall financial industry.

Currently, most blockchain integration projects are at the experimental stage, as a lack of regulation and skilled workers has prevented some companies from adopting this technology in their i......................

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