Posted by & filed under Disruptive Innovation, Emerging Technologies.

Wiley Blog

Ever since Bitcoin was introduced in late 2008, the blockchain code that underpins the cryptocurrency has been the source of hope and fear—and much hype. In theory, agile startups could create software built on blockchain protocols with the hope of providing a safer, faster, cheaper and more transparent alternative to traditional financial intermediaries, such as banks, brokers and complex clearance processes. The opportunities, much of which is currently focused on post-trade processing, could compete with, and potentially threaten, financial incumbents.

Source: Forbes

Date: April 13th, 2017

Link: https://www.forbes.com/sites/morganstanley/2016/06/13/banking-on-the-blockchain/?sr_source=lift_twitter&nowelcome&utm_source=twitter&utm_medium=referral&utm_campaign=morganstanley#5eb977934e80

Discussion

1) What do make of the idea that  “Wall Street sees an opportunity to hack its own complexities using this new tool”?

2) Clayton Christensen, author of the Innovator’s Dilemma, might call the Block Chain a disruptive innovation.  Would you agree?

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