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The overblown blockchain hype is done. But blockchain’s real benefits are just beginning

5 0 20

Like many other emerging technologies that have risen to the pantheon of global “game-changer” status (remember Google glass?), it’s not surprising that nine years following blockchain’s introduction we see some increased skepticism regarding the tech’s potential impact on business and society at large.

McKinsey and Company’s recent article “Blockchain’s Occam problem,” and Terence Corcoran’s report on it (“Blockchain’s groundbreaking, world-shaking, life-changing technology revolution has been cancelled,” FP Comment, January 9th) raise the “so what?” question for the technology and ponders what the future holds for blockchain as hype and reality diverge. While McKinsey’s article does recognize the high degree of potential, the authors primarily observe that “despite billions of dollars of investment, and nearly as many headlines, evidence for practical, scalable use for blockchain is thin on the ground.”

Yes, the “blockchain for everything” hype of recent years has driven some inflated expectations that are now........

© Financial Post