Israel, the world’s startup nation, is ripe for becoming the next blockchain nation. The number of blockchain startups based in Israel has tripled since the beginning of the year, with over 200 startups leading innovation. Growing regulations also play a key role in Israel’s blockchain sector.
Israel is known as the World’s Startup Nation, so it shouldn’t come as a surprise that the number of blockchain startups in Israel has tripled since the beginning of this year. According to new findings from the Israeli Blockchain Association, there are now more than 200 blockchain startups based in Israel, making the country positioned to become a leading blockchain nation.
“Israel has a good chance to strengthen its Startup Nation brand, as well as to become a Blockchain Nation. This growth is happening thanks to effective regulation and close cooperation of many blockchain startups with educational and academic research organizations,” said Gadi Isaev, managing partner of the Israeli Blockchain Association.
According to the Israeli Blockchain Association, most Israeli blockchain startups are concentrated in the fintech and protocols/core infrastructure sectors. A large increase was seen in the security sector, which today accounts for 23 startups. It was also noted that since the beginning of the year only 20 blockchain startups have ceased operations.