Only Proven Use Case For Blockchain Is Bitcoin’s Blockchain, Says Bankymoon CEO

Several use cases of the Blockchain technology have been promised or are being explored by the Fintech and, as well as, other sectors such as health, entertainment and public sector, but none has come up with something concrete despite all the hype.
Bitcoin’s Blockchain has been recognized for transforming the $13 trln financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries.
Attempts to tame it
Several companies have invested in proofs of concept and projects which aim to exploit the technology.
In its ambitious look at how Blockchain can reshape financial services, for example, the World Economic Forum says in The future of financial infrastructure report that over $1.4 bln has been invested into the technology over the past three years.

This post was published at Coin Telegraph on 2016-10-15.

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