Banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. There are already several successful projects like Clearmatics that have already received the investments from a couple of banks like BoA, BNY Melon, Deutsche Bank and Swiss UBS.
By today, there were 96 projects in Banking industry where the success rate was almost 70% like in most top industries. At the same time, it was raised slightly more than $1.8B throughout the time. ICObench Health Index for the Banking industry is almost 3.3 out of 5 (the Health Index is the relation of alive and functioning projects versus overall projects). The number is slightly above the average Health Index among the industries. On the other side, 30% of projects have vanished and do not exist anymore whatsoever. However, in money equivalent, it is $376M that is less than 20% of the total amount of funds raised. The industry’s average ICObench rating is 3.4 out of 5.0 (only active projects). Also, Banking Industry has one of the highest ratios of working projects, 79%.