Blockchain is touted as a technology that will revolutionize finance. But slow transaction speeds and a lack of standardization threaten to thwart its growth.
Blockchain is perhaps one of the biggest buzzwords in both finance and technology today.
Proponents tout it as the technology that will revolutionize the financial services, pointing to its ability to function without a central authority and also store data in a tamper-proof way.
But they also believe it will be beneficial to a variety of industries beyond finance and tech, particularly ones beset by a huge trail of paper records and outdated legacy technology — whether that’s healthcare, real estate or law.
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Source: CNBC