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Reports

State of Blockchain: Q3 2016

By Jacob Donnelly
AccessTimeIconNov 17, 2016 at 2:46 p.m. UTC
Updated Oct 18, 2021 at 1:10 p.m. UTC
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"subtitle": "key trends, data and events from the third quarter of 2016.",

"publishDate": "November 17th, 2016",

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"summary": "

CoinDesk's Q3 2016 State of Blockchain report summarizes key trends, data and events from the third quarter of 2016.
Read feature: 6 Takeaways From CoinDesk's Q3 State of Blockchain

Also read the feature on our Ethereum Spotlight Study: CoinDesk Research: Ethereum Hard Fork Had Little Impact

We'd love your feedback on our reports

",

  • • Public blockchain startups, including exchanges and miners, adapt to a 'multi-blockchain' model.
  • • Banks continue to get very serious about blockchain tech with 14 of the top 30 banks engaging in proofs-of-concept.
  • • Investment in blockchain tech is down 18% year over year despite reaching $114m in the quarter.
  • • The struggle for Ethereum. Q3 2016 was a painful time for the network due to technical issues, competing issues, and the seismic DAO hack.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.