What happened to the 26,000 Blockchain Products that were created last year

in #bitcoin8 years ago

Last year Github the well known code repository was the home for 26,000 projects created on the blockchain.

Not all of them are still active, in fact 92% failed and closed. The average time for new projects usually is around 1.25 years before they close.

Statistics show that most projects are created in San Francisco USA, followed by London UK, and then New York.

The blockchain is still undiscovered by most people, although Banks are now starting to experiment with the technology.

In Australia two of the largest banks have tested the blockchain with trials digitising the bank guarantee system for property leasing which can take up to thirty days, but with blockchain it takes minutes.

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Thanks , but not good news , why they failed ? any common reason ?

Not really sure, a lot of them are dreams without a decent team.

I always look at Team Strength, Whitepaper, Prototype, and need for the new system.

satisfying reason