[2015-12-16]coindesk:McKinsey Report Predicts Four Stages of Blockchain Adoption

[hendra147]

The wider adoption of blockchain technology by financial incumbents is likely to take place over four stages according to a new report by business management consultant firm McKinsey & Company.

Entitled "Beyond the Hype: Blockchains in Capital Markets", the report states that blockchain technology will "dramatically reshape the capital markets industry", impacting business models, cost savings and capital requirements in the sector.

http://www.coindesk.com/mckinsey-four-stages-blockchain-adoption/

[LiteCoinGuy]

"However, McKinsey's chief finding is that the financial industry needs to move in unison to unlock the benefits of the blockchain, a conclusion that supports recent efforts by major banks to back efforts like distributed ledger consortium R3."


just read the news from the last week and you see alot of firms are working on their own "blockchains"...


"Roadblocks to deployment, the report suggested, include the irreversible nature of blockchain databases, which would require that those who participate in running such a network agree on mechanisms to resolve conflicts."

great "blockchain"   - i guess you better stay with a normal database.