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.