State of Blockchain: Q3 2016

AccessTimeIconNov 17, 2016 at 2:46 p.m. UTC
Updated Oct 18, 2021 at 1:10 p.m. UTC

var researchConfig = {

"title": "State of Blockchain: Q3 2016",

"subtitle": "key trends, data and events from the third quarter of 2016.",

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

"slug": "state-of-blockchain-q3-2016",

"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.


"rootMediaUrl": "",

"pdf": "",

"imageMediaPath": "sob2016q3-img-${page}.png",

"pages": 97,

"tableOfContents": [


"title": "Research Framework",

"page": 5





Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.