Only 1 in 4 blockchain businesses in Korea generate sales

Less than a quarter of blockchain companies in South Korea have generated any revenue for their product initiatives, based on a report in the the 2018 Software Industry Survey conducted by the Software Policy & Research Institute. “Only 22.2 percent of those in blockchain have reported sales, indicating that the high interest in the market has not yet led to sales results,” the report said. Of the 198 blockchain-focused investments examined in the report, only 44 had achieved any sales from their newly developed offerings.