Netherlands-based Blockdata, which provides qualitative insights into the range of large enterprises using blockchain technology, has been acquired by data provider CB Insights.
The financial terms of the deal were not disclosed. New York City’s CB Insights will be opening an office in Amsterdam, while Blockdata will remain a standalone product with its own team. Blockdata’s work will also be available to CB Insights clients, the companies said.
The acquisition demonstrates that large firms are still interested in deploying distributed ledger technology (DLT) within their firewalls, and are looking for fast and thorough insights into the complex ecosystem that has grown up around enterprise blockchain.
Following the hype around DLT in 2017, the last eight months have seen large financial and enterprise clients repeatedly ask about data sources on the enterprise blockchain space, according to Anand Sanwal, CEO and co-founder of CB Insights.
“It’s become something that our clients are increasingly talking about as big and practical,” he said. “At the same time, our clients were overwhelmed with the number of companies and projects that were going on, and were struggling to identify what exactly was happening and