Blockchain’s Occam problem

Copyright Chuanchai Pundej / EyeEm

Source: McKinsey & Company, January 2019  Matt HigginsonMarie-Claude Nadeau, and Kausik Rajgopal

Blockchain over recent years has been extoled as a revolution in business technology. In the nine years since its launch, companies, regulators, and financial technologists have spent countless hours exploring its potential. The resulting innovations have started to reshape business processes, particularly in accounting and transactions. Blockchain has yet to become the game-changer some expected. A key to finding the value is to apply the technology only when it is the simplest solution available.


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