Good post Dave. My perspective is a tad different. Existing financial players want to revamp their bank end infrastructure to look more like DeFi.. but not in public blockchains.. but rather private chains with controlled counterparties. This is why we see IBM investing so heavily in hyperledger fabric. They are building it now. As with any technology revolution, the first user of any new tech are existing participants, as they seek to create competitive advantage.
Yes, I'm sceptical about public blockchains, at least for the foreseeable future. But the idea of some kind of sector-specific financial services shared ledger that is maintained by regulated institutions seems rather attractive.
Good post Dave. My perspective is a tad different. Existing financial players want to revamp their bank end infrastructure to look more like DeFi.. but not in public blockchains.. but rather private chains with controlled counterparties. This is why we see IBM investing so heavily in hyperledger fabric. They are building it now. As with any technology revolution, the first user of any new tech are existing participants, as they seek to create competitive advantage.
Yes, I'm sceptical about public blockchains, at least for the foreseeable future. But the idea of some kind of sector-specific financial services shared ledger that is maintained by regulated institutions seems rather attractive.