🇬🇧Competitive Intelligence: Is Blockchain Useful for Fintech?

use of blockchain
use of blockchain
The actual usefulness of blockchain

Archive, January 27, 2019, usefulness of blockchain

In the context of competitive intelligence, following the hype due to the identification of blockchain as a killer innovation, it is useful to observe in the fintech expectations and actual ‘use case’. The digital transformation caused by blockchain finds in finance the principle of everything : the industry sector is therefore a functional indicator of the benefits it has (or should have) made, excluding cryptocurrency.

McKinsey estimates that at the end of 2018, the sector has on average and overall invested about 1.7 billion USD per year in this technology. As a result, it tries to understand whether the mountain of money has given birth to mice that, in fact, are strategic under the two main aspects, costs and revenues. The analysts, in two different insights, come to the conclusion that for now this has not happened.

The main line of the reasoning is that the trials have arenated, in most cases, in the face of problems differently articulated with the technical immaturity of the protocol in addressing the applicability in the large scale. In other words, for now, the added value of blockchain reveals itself in niche applications, when it comes to modernising obsolete processes and with reputational purposes : therefore it stems out from the stage of pioneering to enter into that of effective growth.

The analysts therefore wonder whether, on the strategy side, the problem lies in a further need for experimentation or there is an impasse that arises from the question of how much, and how, the protocol is industrially useful and applicable on the big numbers. Some response indicators will come from central banks.

As far as they are universally recognized as a technological conservatism and extreme deliberateness, around the way they are 15 those that have advanced studies of adoption. The causal connections are 3 : the financial inclusion, the cost efficiency and the elimination of cash. Looking at the evolution of this micro area (in the cryptoeconomy but macro if it relates to the quantitative adoption and complexity parameter) is likely to have a predictive response to the previous general strategic question.

Particular attention will have to be addressed to both Sweden, the precursor to dealing with matter and country now devoid of cash demand for retail transactions, and at 16 countries, the IRAN, which for quotas due to third parties has intensified the feasibility analyses in the last six months in order to find a partial financial loophole for the embargo as soon as possible.

This post was originally published on January 27, 2019, in Italian version on www.thescanner.info .This is adaptation of a neuronal Italian/English AI translation by IBM Watson.

Innovation Intelligence Analyst | Meditator Zombie | Middle Age Hikikomori | Digital Borderline | Has A Black Hole Under The Pillow | A Bad Product Of🦁Venice💜

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