Never one to let a bandwagon pass by, Greg Medcraft, the Chairman of the Australian Securities and Investments Commission (ASIC), has enthusiastically hopped onto the Blockchain wagon. Mr Medcraft has seen the light and recently proclaimed
Blockchain is an important technology development that has the potential to change fundamentally the world’s capital markets
This is a hugely extravagant claim for what is a basic, if very elegant, piece of computer code. And Mr Medcraft is not alone. None other than Arthur Levitt the esteemed ex-Chairman of the Securities and Exchange Commission (SEC) has also been converted. And banks, such as Commbank, have eagerly embraced this ‘next big thing’.
http://theconversation.com/blockchain-a-regulatory-unicorn-52673
