Report says venture investment in blockchain technology growing slowly

…Despite a lot of hype, the blockchain technology business is still a nascent industry — particularly when it comes to venture capital investments.

Blockchain is the technology underlying bitcoin and other cryptocurrencies, which records each and every transaction made using them on a virtual ledger.

Although many see blockchain technology as a revolutionary innovation with a wide range of potential applications, globally only two blockchain startups raised $100 million during the 12 months that ended on September 30, according to a Goldman Sachs equity research report published Tuesday. One hundred million dollars is a relatively small amount when it comes to venture investments these days…

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