Marc Curtis, Journalist of Singularity Blockchain.
Blockchain project failure in China is on-par with other newly developing startups. It’s aknown fact that 90% of all businesses fail within the first year. Often this is caused by lack of research into the market potential. In the case of Blockchain projects it could also be that a visionary entrepreneur jumps in quickly to atrendy idea but lacks the team to accomplish the goal. Only the strong,well-organized companies will take their place in this industry and enjoy the victory that is anticipated.
Chinese Report: Blockchain Projects Go From Boom to Bust in 15 Months