Ex-EY exec disillusioned with private blockchains

For ten years Angus de Crespigny worked for EY. In the two years until he left in August, he headed up blockchain for financial services in the US. During that time de Crespigny became critical of private blockchains. A large part of Ledger Insight’s coverage is about private permissioned blockchains. To reflect de Crespigny’s opinions, no further commentary or analysis has been added. And a transcript of the interview is appended.

What does blockchain mean?

De Crespigny asks what the differentiating factor of a blockchain is? Because the definition of blockchain is used loosely, including to describe distributed ledger technologies (DLT) that are not blockchains. GitHub is a repository where developers share and commit code. Even if the code were in blocks, we don’t view GitHub as a blockchain.

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