In a recent report for McKinsey & Company, “Blockchain’s Occam problem” found that the technology has “yet to become the game-changer some expected,” Forbes reports. The report notes that while the technology has the “potential to revolutionize business processes,” there is concern surrounding the amount of money and time invested, with little substance to show. The authors note, “Companies set on taking blockchain forward must adapt their strategic playbooks, honestly review the advantages over more conventional solutions, and embrace a more hard-headed commercial approach. They should be quick to abandon applications where there is no incremental value.”
If you want to comment on this post, you need to login.