E&Y Report: Only 29% of 2017 ICOs have delivered a product
Ernst & Young ICO report ‘The Class of 2017 – one year later’ profiles the performance and evolving business models of last year’s leading ICOs.
EY research: initial coin offerings (ICOs)
A lack of fundamental valuation and the due diligence process by potential investors is leading to extreme volatility of the initial coin offering (ICO) market, according to new research published by EY. The research also found that in some cases ICO investors are contributing capital at an average rate of over US$300, 000 per second.
Multinational professional service firm accepting bitcoin in Switzerland
One of the ‘Big Four’ accounting organizations, EY, recently announced that their Swiss firm will soon begin accepting bitcoin. The firm has also installed a publicly-accessible Bitcoin ATM (BTM) in their main office building, next to the Hardbrücke train station in Zurich, and has given bitcoin wallets to all of their employees. The overall effort is part of the firm's global push to “digitalize itself,” the firm states.
Blockchain reaction – Tech companies plan for critical mass
EY's analysis of blockchain suggests it may have the most impactful potential of the entire portfolio of disruptive technologies that are now emerging. But it also has the most obstacles to success, ranging from technical to cultural. Tech companies need to understand blockchainâs impact or risk being disrupted going forward.
