“Blockchain is a new class of enterprise application,” Cuomo told CoinDesk. “It plays into trends like app modernization and new cloud-native applications, data and analytics. It crosses all those things.” As such, the blockchain part of a blockchain application only accounts for about 20 percent of the overall solution, said Cuomo. That leaves 80 percent in other tech for bringing the network to life.
Federal agencies have spent at least $10 million ($10,690,706 to be precise) in American tax dollars on Chainalysis’ tools, services and training since 2015, when Chainalysis was founded, according to 82 records of federal procurement contracts reviewed by CoinDesk. Counting contracts with possible extensions, the company stands to take in more than $14 million.