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September 03, 2016, 07:51:08 AM |
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"Many, especially banks, start investing in blockchain without a clue about the purpose, without proper competence, knowledge, experience and overall vision of the process. Most of these “non-professional” investors will undoubtedly make a lot of mistakes and get a negative experience." - a very true and wise words.
And this is what I always said about banks and financial institution investigating and investing in blockchain tech. Mainly because CEO of some bank heard somewhere that blockchain is a backbone of bitcoin, and it can't be hacked etc. So it would be amazing to introduce 'little', private blockchain to energize banking network... But private blockchain is not as robust as bitcoin's, and not backed by tons of processing power is almost worthless.
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