McKinsey says blockchain struggling to reach growth lift off

Last week McKinsey published an article titled “Blockchain’s Occam problem“. The authors point to the lack of large-scale production examples of blockchain despite billions of investment and assert that to succeed blockchain needs to be the simplest solution to a business problem. The consulting company outlines the four-stage evolution of technologies from pioneering to growth, then maturity and decline. It pins blockchain as on the cusp of transitioning from pioneering to growth but says most projects are still at proof of concept stage or being wound down though it did not provide statistics.

Article continues …

---