PnP Fintech Startup Program May Signal Industry Shift From ‘Blockchain’ Back to Bitcoin

For at least the past year, many investors and entrepreneurs have been talking about the power of the blockchain for use in a variety of applications in different industries. Blockchain has turned into a catch-all phrase for anything involving a shared ledger or database but the technology was first created by Satoshi Nakamoto for the purpose of tracking and confirming Bitcoin transactions.
Blockchain technology has been hyped for use everywhere from traditional banking institutions to the healthcare industry and some have gone as far as to say that generalized, private blockchains will have a much greater impact on the world than Bitcoin. However, there have been hints that this trend is on the verge of a reversal. One of the latest signs of the reemergence of Bitcoin is the batch of startups accepted into the fourth round of the Plug and Play Fintech program.
Of the 24 startups accepted into the program, six are working with the Bitcoin blockchain in some capacity.
Focus on Bitcoin Startups
The six Bitcoin-related startups in this round of Plug and Play Fintech are Eximchain, Netki, Shocard, The Sun Exchange, Tierionand Tradle.

This post was published at Bitcoin Magazine on Aug 22, 2016.