The gloss is starting to wear off blockchain technology. Blockchain tech and distributed ledgers are rapidly being adopted by stock exchanges, banks, and the commodities industry, but one group of experts has warned there are significant drawbacks in doing so. A new report (spotted by Reuters) details the allure of the technology for trading execs: it can solve all trust issues and market inefficiencies. Management consulting firm Boston Consulting Group (BCG) has argued that blockchain technology is simply not suited for commodities trading – at least for now. Commodity trading needs improved standardization, efficiency, and tracking of goods. But whether blockchain is the killer…
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