EY blockchain boss says financial services less suited to blockchain

On the 19th July EY’s global blockchain leader, Paul Brody, responded to questions from the Ethereum community posed to him via online messaging board Reddit. He is clear on EY’s focus for enterprise: moving from private to public blockchains. Brody acknowledged he has contrarian views when he stated: “I think financial services might end up being one of the least affected [by blockchain].” But he has a reason.

Private vs Public

EY uses Ethereum to develop its distributed ledger technology (DLT) software. However, enterprises often prefer a private blockchain as it offers more control. Why choose a public blockchain? “I strongly believe that the only way blockchain ever delivers on the kind of vision we have is if we use one global public blockchain,” stated Brody.

Article continues …

---