Ternio Research Finds Blockchain-Affiliated Companies Are Employing Over 86,000 People

Brian Njuguna   Dec 19, 2019 06:00 2 Min Read

Ternio, a leading white-label technology company, has revealed the findings of a new study dubbed “The State of Crypto Entrepreneurship 2019.” This firm presents enterprise customers with cryptocurrency and blockchain real-world applications. 

The primary goal of this research was to comprehend better the statistics of the number of jobs being generated in the crypto space, as well as the success rate of funded startups in this sector. 

Ternio conducted this study from Oct 14-Nov 29, 2019, and a total of 5331 crypto/blockchain organizations were scrutinized. It was, therefore, estimated that they employ 86,443 people across the globe.

94% of Crypto Startups are Lead by Men

The study noted that 2,577 startups had received funding worth $4.7 billion from investors through an ICO, angel, or venture capital (VC). Nevertheless, 472 of them had either closed down or were no longer active, and this represented 18%. 

The findings also pointed out that 94.3% of crypto startups were led by men, whereas 5.7% of them by women. On the other hand, New York City was deemed as the most popular destination for crypto startups. 

The report also ascertained that 63% of crypto/blockchain CEOs are white. Moreover, 38% of crypto organizations were developed by first-time founders. 

Ternio has notable expertise in the blockchain spectrum because it is seen as a pioneer in high-speed blockchain technology with the capability of surpassing 1 million transactions per second, all on-chain.

 Additionally, it is the developer of BlockCard, a crypto debit card that enables cardholders to utilize their cryptocurrency. 

Ternio has also been at the forefront when it comes to solving issues linked to payment utility of cryptocurrency and blockchain scalability. 

As reported by Blockchain.News on Nov 29, according to a study dubbed the “Q3 2019 Cryptocurrency Anti-Money Laundering (AML) Report,” by CipherTrace, a blockchain forensics company, the cryptocurrency sector has lost a whopping $4.4 billion in scams and thefts so far this year, up by more than 150% from $1.7 billion in 2018.  


Image via Shutterstock

Read More