Opinion: Most companies that invest heavily in developing blockchains have turned to cryptocurrencies

On November 13th, Meltem Demirors, chief strategy officer of London-based digital asset management company CoinShares, said at the New York Investment Conference that "the blockchain is dead." Meltem Demirors said that after two or three years of large investment, the bigger problem facing investment is that there is no scalable income model and the related business has not yet created equity value. Most companies that raised large amounts of money to build blockchains in 2016 and 2017 no longer exist, or have turned to cryptocurrencies and tokens.