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The Joint Research Centre (JRC) is the European Commission's science and knowledge service which employs scientists to carry out research in order to provide independent scientific advice and support to EU policy.
The rise of blockchain technology shows in the sharp growth in blockchain start-ups and by the volume of their funding.
Massive funding started in 2014 and increased from €450 million to €3.9 billion in 2017 and over €7.4 billion in 2018.
Initial coin offerings (ICOs) have been driving funding to blockchain start-up ecosystem, but increasing inflows of venture capital mean a growing business maturity.
In 2017 the USA and China were leading in new blockchain start-ups, but in the following year the numbers shrank globally except for China.
The UK has a key role in Europe. The country has the highest number of blockchain start-ups (almost half of them) and it attracts about 70 % of EU investments.