What do you think of the prediction that mainstream adoption of Blockchain by banks is 10 years away?
Banks do not innovate at a pace that is noticeable. They experiment with lots of technology but generally are laggers not leaders. Since this area might be perceived as a threat or an opportunity to cut cost it is getting some early exploration but as such the industry takes a very long time to adopt anything new and blockchain will be no different.
What do you think of the prediction that mainstream adoption of Blockchain by banks is 10 years away?
There was a recent headline: Mainstream adoption of Blockchain by banks is 10 years away. What do you think of this prediction?
Banks do not innovate at a pace that is noticeable. They experiment with lots of technology but generally are laggers not leaders. Since this area might be perceived as a threat or an opportunity to cut cost it is getting some early exploration but as such the industry takes a very long time to adopt anything new and blockchain will be no different.
Contrary to maximalist sentiment back then, I said in 2014 that mainstream adoption of blockchain was 10 years away, and I stand by it.