THELOGICALINDIAN - Blockchain technology has its fair allotment of haters but one alone in the cyberbanking industry has taken agnosticism to an absolutely new level
Martin Walker, the administrator of the Center for Evidence-Based Management, has fabricated statements bygone adjoin blockchain technology which are so bearish, it’s adamantine to acquaint whether he’s serious, or has ambiguous motives.
Flanked on either ancillary by Everledger’s Chris Taylor and Ripple’s Ryan Zagone, Walker told The British Parliament’s Treasury Committee that blockchain is little added than a fad and bedevilled to fail. He stated:
Walker didn’t stop there. As appear by Business Insider, Walker likened blockchain technology to “magic wands” and “pixie dust,” while additionally stating:
Walker connected to prove his benightedness — whether adamant or not — by claiming that blockchain is not absolutely annihilation new and that advancements in fintech accept alone succeeded in dispatch acceptable banking institutions to amend their systems.
In commendations to all of the agitative developments currently demography abode in the blockchain industry, Walker had this to say:
Meanwhile, Everledger’s Taylor and Ripple’s Zagone both acclaimed blockchain technology’s advocate potential, as did a researcher from King’s College London.
Despite Walker’s sentiment, financial-service companies the apple over — from the United Arab Emirates to Switzerland — are acceptable more aflame about blockchain solutions as a way to access their basal lines.
Spanish cyberbanking group Banco Santander, S.A., a accomplice of Ripple, estimated that blockchain technology could save the cyberbanking industry $20 billion per year in 2015 — an admiration which others ability today acquisition conservative.
What do you anticipate about Martin Walker’s statements? Do you anticipate blockchain technology is a fad? Let us apperceive in the comments below!
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