on the crypto
According to his latest report, European blockchain startups are working extensively on solutions involving Ethereum, Corda and Hyperledger technologies. The sample size involved in the report included over 200 startups based in the European Union.
It has been discovered that Corda, Etherum and Hyperledger represent 65% of the total protocols used in European company-level blockchain startups. In addition, Ethereum is used by 27% of these companies, while Hyperleger and Corda represent 20% and 16% respectively. The rise of Ethereum in the European blockchain ecosystem highlights how far it has been since the advent of the new blockchain technology.
The Ethereum blockchain is not only dominating the European region, but is also taking the lead in various North American projects. However, integrating a blockchain within a project or an entire sector requires extensive research.
The suitability of this technology for projects that require it depends on multiple factors. Ethereum is an excellent choice for the tokenization of activities such as real estate companies, supply chain cases, etc.
These sectors are looking for a stable, robust architecture and a scalability factor. Ethereum continues to gain advantage also thanks to the high daily Application Programming Interface (API) requests, the large database of dApps and a lively community. The report also claims that over 40% of European blockchain startups have chosen Ethereum because it has helped them cut costs.
At the same time, the report highlights how Hyperledger is the right choice for companies operating in the healthcare sector, in the food industry and in the agricultural sector. Corda, on the other hand, is suitable for meeting the needs of the financial sector.
LeadBlock Partners also underlines the fact that consumers must be able to access these platforms simultaneously, i.e. interoperability is a huge advantage.
If companies are able to access multiple technologies simultaneously, their operational efficiency can increase exponentially. Therefore, interoperability should be a key target for the future.
Even in Italy, companies that use blockchain technology are not lacking. Poste Italiane has already started the development of some projects with IBM and Hyperledger, and has invested in "Conio", an e-wallet developed for operations with bitcoin.
Banca UniCredit, together with eight other European banks, participates in the we.trade platform to work on the integration of cryptocurrencies within traditional banking activities. At the time of this writing, the UniCredit shares they are listed on Piazza Affari at a price of 8,42 euros, up + 4,82% in the last month, giving a sign of recovery after the downward performance of the last six months marked -37,56%.
Poste Italiane shares also suffer the consequences of economic uncertainty due to the pandemic, marking a performance over six months of -23,61%. Poste Italiane's shares are currently listed at € 7,79.
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