Bagikan artikel ini
Banks' Blockchain Budgets Spiked 67% in 2017, Survey Finds
Blockchain budgets at global banks' increased sharply in 2017, pushing combined annual spending to $1.7 billion, according to a new survey.
Oleh Wolfie Zhao
The global financial services industry spent a combined $1.7 billion on blockchain development in 2017, with institutions having increased their individual budgets for the technology by 67 percent in the same year.
According to research published by U.S.-based market intelligence firm Greenwich Associates on Tuesday, amid the general increase, 10 percent of the surveyed banking institutions reported that their budgets for areas such as blockchain research and product development had grown to $10 million or more in 2017.
STORY CONTINUES BELOW
Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini. Lihat semua newsletter
Furthermore, the report said 14 percent claimed to have already deployed a blockchain solution. Meanwhile, Greenwich Associates found that the shift from proof-of-concepts to live production is expected within the next two years in over 75 percent of the projects.
However, Richard Johnson, author of the report and vice president of the firm's market structure practice, said that over 50 percent of the executives interviewed said that implementing the technology "was harder than they expected."
The study, which earlier this year interviewed around 200 global institutions that have participated in blockchain development, said the number of staff dedicated to blockchain also doubled during the same period. Citing its interview results, the firm said that, in general, a top-tier bank now has around 18 full-time employees focusing on blockchain development.
The report signals the growing investments being made by financial institutions on blockchain technology over the past two years. In a survey published in early 2016, the firm estimated that total spending by financial and technology firms on blockchain in 2016 could reach $1 billion.
Calculator image via Shutterstock
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
Why bitcoin ETFs look like they’re falling short, even as their role grows: Asia Morning Briefing
What looks like underperformance reflects a structural shift: ETF flows now smooth volatility rather than amplify crypto rallies.
Yang perlu diketahui:
- Bitcoin ETFs are unlikely to surpass last year's inflow record, with traders assigning only a 2% chance of beating it in 2025.
- Despite a gap in ETF inflows, they continue to play a stabilizing role in the market, absorbing risk rather than amplifying price swings.
- Bitcoin has been consolidating around $87,000 to $88,000, performing better than the broader crypto market, while Ether has underperformed.
Top Stories
