Bicycle With Jet Engine: Why Banks Fail to Implement Blockchain

Bicycle With Jet Engine: Why Banks Fail to Implement Blockchain

The key factor behind the failure of finance and insurance companies’ attempts to implement the Blockchain is their lack of understanding decentralization. The Blockchain technology is being promoted as the greatest remedy for any data-reliant industries such as finance, real estate and insurance. However, the technology is yet to be implemented efficiently. Multi-billion dollar corporations who are eager to work with emerging technologies and popular trends in their industries believe in the wonders of Blockchain, but they often lack the understanding of basics which results in failure.....


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