Leading consultancy firm
McKinsey & Company,
blockchain technology
did not pass the pioneer stage
He said. However, the company
blockchain such a complex
Best for technology
may not use
He said.
Houston, we're not thinking about leaving yet.
The main consulting firm, McKinsey & Company, published an article on current issues facing blockchain technology as a whole.
The firm argues that between 2017 and 2018, the industry saw a flow of investment from both venture capital companies and large companies.
the Blockcha Just a Balloon?
Thus coinschedul to blockchain based projects in 2018 Rose to $ 21 billion.
”As a result, despite the investment of billions of dollars and almost many cuffs, there is no practical scalable area for the blockchain.“
The consulting firm, as a newborn technology, argues that the blockchain is still relatively complex, expensive, unbalanced and unregulated. He believes that the industry is currently in phase 1 of its development, and that the investments should yield fruit in the form of a product introduced to the market.
However, McKinsey said the sector had accepted the first phase without further market expansion and adoption.
McKinsey Chart
Ir Occam is the principle of problem-solving, where the simplest solution tends to be the best. On this basis, the use of blockchain may be incorrect. Bu
Although it does not look like the location of MIT, a recent report by Bitcoinist, published by MIT Technology Review: In 2019, blockchain projects will begin to blossom and become increasingly boring.
NICHE Apps
McKinsey & Company thinks that blockchain technology has value in other areas.
Leri He touched upon examples in which he could deal with insurmountable points such as insurance, supply chains and fraud in the capital markets. “
In addition, the company thinks that technology addresses specific sectors for modernization. Blockchain keeps the reputation value, or perhaps the PR value (at least for now) high, as it shows to shareholders that the company is striving to innovate.
Source: Bitcoinist