From the adoption of the blockchain for companies to the development of decentralized financing, the blockchain landscape seems to be constantly evolving in different ways. While this is impressive, it is important to understand how blockchain is used in different industries. To highlight the current global impact of the blockchain, the Swiss investment company CV VC has released a new report with the four major PricewaterhouseCoopers Switzerland and Cointelegraph.

This report, entitled “Global CV VC Report for H1 2020”, provides a detailed overview of companies using blockchain technology in eight different sectors, including art, cryptocurrency banking, cryptocurrency exchanges, custodians, market makers, platforms and protocols. as well as companies. Issuance of tokens and investment capital. A preview of the report, which discusses the impact of blockchain on the art industry, was released on July 21, and the entire document was released on September 14.

The aim of the new report is to map the global blockchain ecosystem, and highlight the major activities of large organizations in each sector, said Nikolai Reinbold, co-author of the report and director of incubation and ecosystem CV VC, to Cointelegraph:

The experts are presented in short sections on trends and future prospects. Each sector will also include a possible in-depth webinar hosted by Cointelegraph, with experts from each industry.
According to Reinbold, CV VC’s global report consists of data obtained from company sources, cryptocurrency exchanges, media reports and social media channels. Although this is the first report of its kind, subsequent issues will be published every six years to reveal the latest trends in business growth and development. Here is an overview of what readers can expect from the report.

The growing role of crypto banks and brokers
Cryptocurrency companies have begun to expand their offerings to offer features such as interest rates and digital asset lending. Thus, cryptocurrency banks and brokerage firms play an important role in stimulating the widespread adoption of cryptocurrencies. To highlight this, the Global CV VC report includes an entire section dedicated to cryptocurrency banks and brokers.

One of the most interesting ideas mentioned here comes from Matthias Embach, co-founder of Sygnum – Digital Asset Bank. The regulatory ecosystem for digital assets is crucial to the development of cryptocurrencies, according to Imbach. “This market is expected to be valued at $ 24 trillion by 2027 and has disruptive potential to change the business model for securitization in the coming years,” he said.

Crypto exchanges determine the value of cryptocurrencies
The report also discusses the important role of cryptocurrency exchanges and how they are compared to traditional exchanges when they can buy and sell cryptocurrencies. However, it is important to note that there are many different types of cryptocurrency exchanges, each with different features.

For example, Roger Darren, a board member of the Swiss Bitcoin Association and co-founder of the fintech arm of SICTIC, an organization of business owners in Switzerland, explained that the crypto space currently requires a secure place to buy and sell security tokens given that many cryptocurrencies are classified. In this case:

“Ideally, this is a place in a jurisdiction that investors associate with stability, prosperity and economic confidence. It should be as accessible to retail investors as it is to banks and professional investors. ”
Darren also noted that the decentralized financial sector is also increasing, which will help create an environment for people willing to buy and sell cryptocurrencies.

Managers are important for using encryption

Neighborhood services for cryptocurrency have also grown as regulatory changes take place in different regions. According to the report, however, the cryptocurrency market is often overlooked. While it may be, conservation providers are critical of crypto adoption, especially in the institutional space.

Adrien Treccani, founder and CEO of METACO – the manager of the cryptocurrency – noted that the accreditation of large global organizations such as Libra and PayPal emphasizes the need for reliable organizations to manage cryptocurrencies.

Fortunately, the announcement from the Office of the Comptroller of the United States now allows all nationally accredited banks in the United States to offer crypto depository services. This is a major step forward for crypto-storage providers, and will encourage more digital asset companies to apply for the program.

Source: CoinTelegraph