Big Innovation Centre, DAG Global and Deep Knowledge Analytics announce the release of a first-of-its-kind, comprehensive report on the state of the Blockchain industry in the United Kingdom.
The report finds that the UK is well placed to become a global hub for Blockchain and next generation Digital Crypto Economy by 2022. The UK commands all the required resources, as well as industrial and governmental will to become the global hub but needs to marshal the collective resources across industry, government, academia and thought leadership to achieve this exciting opportunity.
Blockchain and Distributed Ledger Technologies have garnered considerable attention and have been subject to significant levels of development globally over the past few years, but particularly at home in the UK.
The general importance and disruptive impact of these technologies have been recognised by many governmental entities in the UK, in particular the All Party Parliamentary Group on Blockchain (APPG Blockchain) which was first established in January 2018.
The report identifies and profiles 225 companies, 170 investors, 20 tech hubs, 15 think tanks and R&D centres, 10 incubators and accelerators, and the 100 faces of the UK blockchain industry. It also breaks down on a company-by-company basis the £500+ million-worth of investments into UK blockchain companies that occurred in 2017 and 2018.
In light of these developments, a consortium of organisations consisting of the Big Innovation Centre, DAG Capital and Deep Knowledge Analytics have worked together to conduct the most comprehensive analysis of the UK-based Blockchain and Crypto Economy Industries to date, done in coordination with the All Party Parliamentary Group on Blockchain (APPG Blockchain).
“Blockchain has been recognised by the UK Parliament as a very important and disruptive technology, and it has shown commitment to support the accelerated development of the digital economy via a variety of government initiatives. We are still at the early stages of the Blockchain industry’s development and the huge impact it undoubtedly will have in Britain and globally.
Big Innovation Centre is already marshalling our innovation focus as effectively as possible on accelerating our businesses and society, advancing us from ‘digital-economy and e-commerce’ to ‘AI-civilisation and blockchain’. Starting with a map of the Blockchain landscape and its key influencers is crucial.” said Prof. Birgitte Andersen, CEO of Big Innovation Centre.
Standing at over 900 pages in length, the report outlines the current state of the Blockchain and Crypto Economy industries, summarises the history of its development, and offers concrete projections relating to its evolution over the course of the next few years. It then goes on to detail why the UK has significant potential to become a major world leader of the Digital & Crypto Economy ecosystem within the next few years.
The report offers in-depth profiles of all major companies, investors, influencers, R&D centres, and other industry and governmental entities and players. It also includes coverage of all relevant government initiatives, regulatory frameworks and guidelines, and industry roadblocks both today and anticipated in the next several years.
“The UK is a major global financial hub and in recent years has become a FinTech leader as well. At the same time, it is starting to demonstrate significant potential to become a leader in Blockchain technologies and the Crypto Economy. The gap between the two worlds of traditional finance and Crypto Economy remains, but in the coming years we can expect this to lessen and eventually disappear. DAG Global will work actively to bridge these two worlds into a united, synergetic framework that is poised to yield outcomes greater than the sum of their respective parts” said Sean Kiernan, Chief Executive Officer of DAG Global.
Big Innovation Centre coordinated the work behind the report and acquired input from the All Party Parliamentary Group on Blockchain, which has been a vital source of expertise on the state of Blockchain in the UK. DAG Global (consisting of financial sector experts and banking veterans) provided insights regarding the intersection of Crypto Economy with the traditional financial services and banking sectors. Deep Knowledge Analytics contributed its staff and substantial experience in producing advanced industry analysis.
While the report itself is the most comprehensive analytical reporting on the state of Blockchain and Crypto Economy in the UK to date, it is only a first edition, and the consortium behind the report plan to update it regularly, and to release new editions quarterly, expanding its coverage of industry occurrences and government initiatives, and profiling new industry players as they emerge, in order to stay on the edge of this rapidly developing sphere.