Why Blockchain is Still a Decade from Mainstream

Why Blockchain is Still a Decade from Mainstream

Chris Skinner is a banking and technology veteran who serves as the chairman of the Financial Services Club, a group created in 2004 to address the future of companies that serve financial markets. I'm often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years. The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?" That's an interesting reaction, as....


Related News

Futurists' Views On the Next Decade, Bitcoin Could Play a Major Role

Futurists share their views on technological evolution in the next decade. Bitcoin may play an important role in reforging our financial system. Over the past decade, numerous of technological developments have been introduced to the world. We've evolved to using smartphones with apps that allow us to be connected to the entire world at any given time. Cars are driving themselves; robots are getting close to being 'real' humans. A lot of the key aspects in our world are still up for massive improvement. Bitcoin is one of these inventions that could be set to change the way our financial....

Car Ownership Numbers Dwindle Due to Decentralized Alternatives

Car ownership is no longer as valuable of a commodity as it used to be a decade ago. In this day and ago, car-sharing and ride-hailing services are providing a viable alternative to owning a car, without the surplus of hassle in terms of maintenance, gas prices, and whatnot. Furthermore, the recent Volkswagen scandal is hurting the prospect of car ownership even more, as consumers are losing faith in car manufacturers. The sharing economy model, which may very well include Bitcoin and blockchain technology, is looking more and more appealing. Our society is an ever-evolving creature, and....

How The Bitcoin Investment Trust Pushes Bitcoin Into Mainstream Finance

It's getting harder by the day for traditional investors to ignore bitcoin. Today, The Wall Street Journal reports that the Bitcoin Investment Trust (BIT - which began trading on the OTCQX market May 4 under the ticker symbol GBTC) could bring bitcoin broader acceptance by investors. Some analysts think the fund could prompt speculative interest in bitcoin like the launch of gold exchange traded funds (ETFs) in precious metals a decade ago. The Securities and Exchange Commission is currently reviewing an application for what would be the first official bitcoin ETF, the Winklevoss Bitcoin....

Deutsche Bank: Blockchain Tech Will Go Mainstream in Next Decade

Deutsche Bank believes that blockchain technology will become more widespread over the course of the next ten years. The comments come after the German banking giant carried out a blockchain-based experiment that focused on programmable bonds. While declining to disclose the two providers that worked with the bank during the experiment, Deutsche Bank told CoinDesk in an email: "The test [a proof-of-value] is successfully completed. The corporate bond was ideal to test blockchain on the lifecycle of an asset (issuance, coupon payments, redemption), hence why we chose it; at this stage, we....

Blockchain Without Bitcoin: Big Banking Babble

There has been a recent change in the mainstream narrative surrounding bitcoin. The message is shifting; what was once a story about get-rich-quick imaginary gold or hacker criminals is turning into a story about banks and regulations. The new story is more widespread and more positive. Bitcoin is slowly becoming part of everyday conversation, although bitcoin itself is often downplayed. Bitcoin has found new support in the mainstream media, mostly couched in praise for its underlying blockchain technology. From Nasdaq and Blythe Masters to The Economist, finance giants are realizing the....