If there is any technology in banking that has reached the point of peak hype, it is most certainly “blockchain”. This technology is often confused with crypto-currency – it shouldn’t be. A blockchain is often hailed by pundits, media and industry leaders as a cure for fraud, waste and abuse in the global finance system. And yet as a DXC Technology paper recently noted “we are witnessing an almost irrational exuberance for a technology that is still not yet mature.” Alas, banking salvation is still elusive.
Read the white paper by Mary Ann Francis on the potential of blockchain in the financial services industry.