Blockchain, blockchain I first heard this term back in 2014 related to bitcoin. Then again in 2016 with some legal firms looking to it in Europe as a future for transactional data. Then when I saw the IBM Watson announcement with blockchain, I was like hmmm need to learn more.
So, I went and got Richard Hayen’s book and read it. Then reread whole sections of it.
Then put it down and picked it up again and realized – nope it is not me the book is not written well. Sorry Mr. Hayen, if your Fintech book is as poor explaining a topic I will pass. Consider a couple of analogies and you know graphics.
Blockchain does have a future, it is a new way to store and validate transactional data, but most importantly share that data with customers and partners. The most understandable chapter is 6 – Arguments against Blockchain… That ‘opening a window for cybercriminals’ definitely a concern, but still understand where blockchain could be revolutionary change in business models that require partnerships across commodities, borders and languages.
I have this infographic more helpful – just sayin…