, Columnists
Blockchain's Numbers Don't Add Up
The industry's ambitions aren't matched by its resources or funding.
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It has big ambitions to revolutionize finance. But those aren't matched by its funding or manpower. The blockchain industry is either hugely under-resourced or hugely over-optimistic. Probably both.
Despite a constant trickle of initiatives from the world's largest banks -- Deutsche Bank, Santander and UBS were the latest to tout a new settlement currency last month -- the numbers don't yet add up.