The future of financial plumbing – or a burst pipe?
Depending on who you listened to, blockchain was either the most transformative technology since the web itself, or a lousy type of database welded to a crackpot get-rich-quick scheme. Today we don’t hear much about it at all. So did the bubble burst?
According to its advocates, it will revolutionise everything from commerce to finance to healthcare to logistics – in fact, anything touched by data. Those less impressed say it’s nothing more than a radically inefficient form of database, or worse: an empty hype train.
With investment under way not only in the tech industry, but from the big four accountancy firms in financial services and in other sectors, what is the truth about blockchain?
