Blockchain can’t fix everything, consulting giant BCG reports

Blockchain can’t fix everything, consulting giant BCG reports
фото показано с : thenextweb.com

2018-8-16 13:34

The gloss is starting to wear off blockchain technology. Blockchain tech and distributed ledgers are rapidly being adopted by stock exchanges, banks, and the commodities industry, but one group of experts has warned there are significant drawbacks in doing so.

A new report (spotted by Reuters) details the allure of the technology for trading execs: it can solve all trust issues and market inefficiencies. Management consulting firm Boston Consulting Group (BCG) has argued that blockchain technology is simply not suited for commodities trading – at least for now. Commodity trading needs improved standardization, efficiency, and tracking of goods. But whether blockchain is the killer…

This story continues at The Next Web

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Источник: thenextweb.com

blockchain technology → Результатов: 126


Фото:

5 Innovative Blockchain Projects Transforming Social Impact and Community Engagement

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DDO Chain: Building Scalable Enterprise Blockchain Solutions

In today’s digital era, blockchain technology has become a focal point across various industries. As businesses urgently seek digital transformation and continuously strive for data security and transparency, blockchain technology emerges as a decentralized, secure, and trustworthy database technology, increasingly applied in enterprise-level solutions.

2024-5-1 15:00


Bedbugs on Blockchain: South Korea Experiments With DLT to Fight Pest Infestation

In a fusion of technology and public health, blockchain engineer Kang Jae-gu has launched a data-centric initiative to combat South Korea's escalating bedbug infestation. This novel application of blockchain technology is a testament to its expanding global influence and potential to provide solutions in diverse sectors beyond finance.

2023-12-19 10:00


Фото:

Goldman Sachs Thinks Blockchain Is The Greatest Thing Since The Internet And Holds The Key To The Future Of The Metaverse

Goldman Sachs has praised the features of blockchain technology and called it the future. The investment back says that the metaverse will thrive on blockchain as we move to a decentralized future. More institutions are embracing the power of blockchain technology with central banks using the technology to build their CBDCs. Blockchains were given the […]

2021-12-19 18:27


Taking IoT into the Future: Cartesi Joins Forces with IoTeX

With an upcoming Ideathon for Dutch Blockchain Week, the collaboration will provide innovative IoT services with all the safety and security benefits of blockchain technology This year has seen the near infinite applications of blockchain technology continue to positively impact the world and the thousands of businesses within it, with growth in the industry not […]

2021-12-2 17:00


Taking IoT into the Future: Cartesi Joins Forces with IoTeX

With an upcoming Ideathon for Dutch Blockchain Week, the collaboration will provide innovative IoT services with all the safety and security benefits of blockchain technology This year has seen the near infinite applications of blockchain technology continue to positively impact the world and the thousands of businesses within it, with growth in the industry not set to pause anytime soon.

2021-12-2 17:00


Blockchain as a Service Protocol Stratis Attracts Investment From Alphabit Digital Currency Fund

Blockchain technology has taken on various forms since the introduction of Bitcoin and continues to evolve even today to meet the industry’s ever-changing demands and needs. Businesses and companies could benefit enormously from blockchain, but integrating distributed ledger technology is often expensive and time-consuming.

2021-2-2 12:00


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