Why Big Banks Got Blockchains Wrong in 2015

Part of the pitch among those in the distributed ledger space would lead us believe that computer databases were the reason why our transactions take so long to process. This extraordinary claim has been met with little resistance by many in the finance world, as the notion that “blockchains have won” has seemingly preceded all understandings of what else they’re needed for.

But, at the tail end of 2015, such reasoning is just beginning to unravel.

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