Blockchain’s Occam Problem

Amid intense experimentation, industries from financial services to healthcare and the arts have identified more than 100 blockchain use cases. Just as the financial services industry’s blockchain investments were reaching the end of Stage 1—theoretically the moment when they should be gearing up for growth—they appeared to falter. The emergence of cryptocurrencies, and in particular Bitcoin, as potential mainstream financial instruments prompted financial services to move first on blockchain experimentation, placing them 18 to 24 months ahead of other industries on the industry lifecycle.

Source: www.mckinsey.com