European Union continues hinting at blockchain adoption
Share link:In this post: The European Union is looking into blockchain to help tech companies struggling to get funding, trying to keep them from relocating. Scale-up companies in the Eurozone face major financial challenges, raising much less capital than their U.S. counterparts. The Union is working to attract more investment to keep innovative companies competitive and prevent a talent drain.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investme
The European Union seems to be dropping hints that blockchain technology might soon play a bigger role in its plans, especially for helping growing tech companies, or scale-ups, that are hitting financial roadblocks.
Scale-up companies in Europe are facing serious financial challenges. Despite being more innovative and productive than the average firm, they struggle to get enough capital.
By the time these companies are about ten years old, they’re raising only half as much money as similar companies in places like Silicon Valley. This huge gap in funding is a major issue, and it’s not tied to any specific industry or economic cycle.
It’s a consistent problem that makes it hard for European companies to compete globally. One of the big reasons for this funding gap is that there aren’t enough local investors willing to back these companies at important growth stages.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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