Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’

Martin Walker, a director of the Center for Evidence-Based Management, a nonprofit that aims to improve the quality of executives’ decision-making, gave evidence about digital currencies and blockchain to members of Britain’s Parliament. Walker, who spent much of his career in banking and IT, told the Treasury Committee that “in terms of demonstrable benefits” of blockchain, there’s “little to nothing.” He appeared alongside representatives from the blockchain companies Everledger and Ripple and a researcher from King’s College London, all of whom extolled what they see as the potential benefits of the technology.

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