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More than 26,000 Blockchain projects were developed last year; 8% remain active

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Code Repository GitHub has seen more than 26,000 blockchain-related projects created on its platform. Last year; Yet only a small percentage remains active.

According to data collected by Deloitte, he detailed in his new report "Evolution of Blockchain Technology: Insights of the GitHub Platform", that there were 26,885 blockchain-related projects in 2016 developed on GitHub. Surprisingly, despite the interest generated by technology, only 8% of projects are actively maintained. Deloitte found that the projects have an average life of 1.22 years.

Deloitte researchers said:

The harsh reality of open-source projects is that most are abandoned or do not reach a significant size. Unfortunately, blockchain is not immune to this reality.

The report adds that about 90 percent of projects developed on GitHub become idle, with the highest death rate occurring during the first six months of a project.

The researchers give an overview of the geographical areas where the distributed register is developed up to now. He noted that San Francisco is home to most projects being developed on blockchain, with 1,279 users and 101 organizations. London ranks second with 858 users and 61 organizations. New York is third with 725 users and 49 organizations.

The report goes on to say:

We found that projects from San Francisco are diverse; they include trading solutions, portfolios for cryptocurrencies, interfaces for different block strings (for example, Ripple, Hyperledger and Ethereum), and payment tools for cryptocurrencies, to name just a few. each.

Adding That:

It should also be noted the high level of activity in China, specifically in Shanghai and Beijing. In these two cities, most projects concern crypto-currencies and cryptocurrency exchanges, with a focus on scalability.

The blockchain has created a huge buzz in the financial world lately, as banks work to improve their services. For many, they are already experimenting with technology to produce faster turnaround times between customers and organizations.

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In July, two of Australia's four major banks successfully completed a blockchain lawsuit by digitizing the bank guarantee process for commercial leasing with the technology giant IBM. Considering that James Disney, global head of Credit Suisse's software investment bank, said that "the sky is the limit" for the distributed ledger. In closing and settling private equity deals, it takes 20 to 30 days, but with the blockchain it can be reduced to a few minutes, he said last month.

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