Wall Street’s blockchain obsession hasn’t produced a global revolution so far, just a lot more consulting work
After all the hype surrounding blockchain over the past couple years, the actual application possibilities for banks and consumers remains to be seen. So far, says Joon Ian Wong, the hype has only brought big consulting bucks from banks.
Blockchain is solution looking for problem, says software giant CEO
Xero CEO Rod Drury thinks blockchain won’t provide an alternative to existing financial structures if it doesn’t demonstrate the traits of an accurate, irrefutable ledger, according to Cointelegraph. “I think it’s mathematically interesting but I think the nature of the world at the moment—surveillance culture and tribalism—means it’s very unlikely that a distributed view of the money supply is never going to happen.”
