It’s been an interesting year for technology watchers interested in blockchain. From last year’s height of almost $20,000, Bitcoin has fallen to around $6500 showing that the gold rush is finally quieting down. The same has been happening with other cryptocurrencies. Initial coin offerings (ICO) which were used by many blockchain companies as a way of easy fundraising are also showing signs of a cool down.

At this year’s SWiTCH (Singapore Week of Innovation and Technology), enthusiasm for blockchain technology was still high but also down to earth.

“While it’s all nice and glittery at the moment, all this hype will eventually die down a bit and the companies that have focused on the technology will come to the main stage,” said blockchain company DATAVLT co-founder Michelle Yeo. DATAVLT is a data analytics company that uses blockchain to secure data and lower costs.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.